ROYAL ARCADE LIMITED


Directors	Mr T P Flower
	Mr K J Flower


Company Secretary	FLOWER, Margaret Ann


Registered Address	92 The Esplanade
	Weymouth
	Dorset
	DT4 7AT


Registered Number	01645802 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		1,635,783		1,495,842
Investment property	4		4,687,418		4,406,918
			6,323,201		5,902,760
Current assets
Stocks	5	5,000		5,000
Debtors		292,408		280,454
Cash at bank and on hand		39,246		24,732
		336,654		310,186
Creditors amounts falling due within one year	6	(224,175)		(351,681)
Net current assets (liabilities)			112,479		(41,495)
Total assets less current liabilities			6,435,680		5,861,265
Creditors amounts falling due after one year	7		(2,373,349)		(2,069,946)
Provisions for liabilities	8		(486,836)		(416,711)
Net assets			3,575,495		3,374,608
Capital and reserves
Called up share capital			5,933		5,933
Share premium			10,185		10,185
Revaluation reserve			2,310,040		2,099,665
Profit and loss account			1,249,337		1,258,825
Shareholders' funds			3,575,495		3,374,608

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 February 2025, and are signed on its behalf by:

Mr K J Flower
Director

Mr T P Flower
Director

Registered Company No. 01645802

ROYAL ARCADE LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing
balance basis over its expected useful life, as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	-	15
Fixtures and fittings	-	10
Vehicles	25	-

	Investment property
	Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	13		13

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	1,186,165	1,769,812	71,975	293,119	3,321,071
Additions	-	262,308	-	-	262,308
At 31 December 24	1,186,165	2,032,120	71,975	293,119	3,583,379
Depreciation and impairment
At 01 January 24	99,503	1,410,341	45,432	269,953	1,825,229
Charge for year	6,975	104,798	6,635	3,959	122,367
At 31 December 24	106,478	1,515,139	52,067	273,912	1,947,596
Net book value
At 31 December 24	1,079,687	516,981	19,908	19,207	1,635,783
At 31 December 23	1,086,662	359,471	26,543	23,166	1,495,842

4.	Investment property


		£
	Fair value at 01 January 24	4,406,918
	Fair value adjustments	280,500
	At 31 December 24	4,687,418

5.	Stocks
	Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow moving or defective items where appropriate.

	2024	2023
	£	£
Other stocks	5,000	5,000
Total	5,000	5,000

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	11,426	116,310
Bank borrowings and overdrafts	49,101	103,100
Taxation and social security	83,733	67,936
Finance lease and HP contracts	41,782	18,345
Other creditors	31,697	31,305
Accrued liabilities and deferred income	6,436	14,685
Total	224,175	351,681


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	2,373,349	2,069,946
Total	2,373,349	2,069,946


	Bank loans and overdrafts have been secured against the company's investment properties. Hire purchase contracts are secured against the company's fixed assets.

8.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	486,836	416,711
Total	486,836	416,711