ARE PROPERTY N1 LIMITED

ARE PROPERTY N1 LIMITED

Statement of Financial Position

As at 31 December 2024

	2024 £	2023 £
Called up share capital not paid	102	102
Fixed assets
Tangible fixed assets	2,919,553	2,919,553
	2,919,553	2,919,553
Current assets
Debtors	6,725	(1,981)
Cash at bank and in hand	2,509	6,259
	9,234	4,278
Creditors: amount falling due within one year	(463,868)	(451,500)
Net current assets/(liabilities)	(454,634)	(447,222)


Total assets less current liabilities	2,465,021	2,472,433
Creditors: amount falling due after more than one year	(2,571,845)	(2,566,845)
Net assets/(liabilities)	(106,824)	(94,412)

Capital and reserves
Called up share capital	102	102
Reserves	92,968	92,968
Profit and loss account	(199,894)	(187,482)
Shareholders fund	(106,824)	(94,412)

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors have elected not to include the profit and loss account within the financial statements.

Signed on behalf of the board of directors:

----------------------------------
Edward James Bullen-Whatling
Director

Date approved: 24 September 2025

ARE PROPERTY N1 LIMITED

Notes to the Accounts

For the year ended 31 December 2024

Statutory Information

ARE PROPERTY N1 LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 12355503, registration address Grosvenor House, St. Pauls Square, Birmingham, B3 1RB, England.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Cost of sales

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

2.	Average number of employees Average number of employees during the year was 0 (2023: 0).