Arcath Properties Ltd - Filleted accounts

Registered number

NI060678

Arcath Properties Ltd

Filleted Accounts

31 December 2024

Arcath Properties Ltd
Registered number:		NI060678
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		236,574			605,000
Investments	4		243,826			238,976
			480,400			843,976

Current assets
Debtors	5	143,941			85,063
Cash at bank and in hand		344,480			21,259
		488,421			106,322

Creditors: amounts falling due within one year	6	(11,435)			(10,790)

Net current assets			476,986			95,532

Net assets			957,386			939,508

Capital and reserves
Called up share capital			222			222
Profit and loss account			957,164			939,286

Shareholders' funds			957,386			939,508

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




C M Brown
Director
Approved by the board on 24 September 2025

Arcath Properties Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	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
	Turnover comprises rents from the letting of residential properties.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	Not depreciated
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2024	605,000		615		605,615
	Disposals	(368,426)		-		(368,426)
	At 31 December 2024	236,574		615		237,189

	Depreciation
	At 1 January 2024	-		615		615
	At 31 December 2024	-		615		615

	Net book value
	At 31 December 2024	236,574		-		236,574
	At 31 December 2023	605,000		-		605,000


4	Investments

Other
investments
£
	Cost
	At 1 January 2024					238,976
	Additions					7,894
	Revaluation					(2,645)
	Disposals					(399)

	At 31 December 2024					243,826


5	Debtors			2024		2023
£					£

	Other debtors			143,941		85,063


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Taxation and social security costs			3,634		223
	Other creditors			7,801		10,567
				11,435		10,790


7	Other information

	Arcath Properties Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	Wy-Wuree
	5 Coleraine Road
	Portrush
	Co Antrim
	BT56 8EA