REGISTERED NUMBER: 07479077 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ARENA TRANSFERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs D Bennett

REGISTERED OFFICE:

29 School Lane

Exhall

Coventry

CV7 9GE

REGISTERED NUMBER:

07479077 (England and Wales)

ACCOUNTANTS:

Walker Thompson Ltd

Accountants and Registered Auditors

Empress House

43A Binley Road

Coventry

CV3 1HU

FIXED ASSETS

Tangible assets

4

32,597

25,656

CURRENT ASSETS

Stocks

5

5,353

7,496

Debtors

6

12,990

11,897

Cash at bank

2,938

3,273

21,281

22,666

CREDITORS

Amounts falling due within one year

7

56,979

46,392

NET CURRENT LIABILITIES

(35,698

)

(23,726

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,101

)

1,930

CREDITORS

Amounts falling due after more than one year

8

(22,893

)

(22,842

)

PROVISIONS FOR LIABILITIES

-

(4,189

)

NET LIABILITIES

(25,994

)

(25,101

)

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(25,996

)

(25,103

)

SHAREHOLDERS' FUNDS

(25,994

)

(25,101

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Mrs D Bennett - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has incurred operating losses of £2,111 in the year to 31 December 2024 (2023: operating losses of £4,771). The company has reported net liabilities for the year ended 31 December 2024 amounting to £25,994 (2024: net liabilities of £25,101).

The Company has found trading difficult. The director will continue to support the Company during the next 12 months whilst various options are considered.

On this basis the accounts have been prepared on a going concern basis.

Turnover

Turnover represents net invoiced sales of goods,excluding value added tax,and is recognised at the time of invoice.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Office equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

63,467

3,099

3,750

7,061

77,377

Additions

14,122

562

-

468

15,152

At 31 December 2024

77,589

3,661

3,750

7,529

92,529

DEPRECIATION

At 1 January 2024

41,961

2,017

750

6,993

51,721

Charge for year

7,126

329

600

156

8,211

At 31 December 2024

49,087

2,346

1,350

7,149

59,932

NET BOOK VALUE

At 31 December 2024

28,502

1,315

2,400

380

32,597

At 31 December 2023

21,506

1,082

3,000

68

25,656

5.

STOCKS

2024

2023

£

£

Stocks

5,353

7,496

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

9,736

5,121

Other debtors

3,254

6,776

12,990

11,897

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

14,326

8,381

Trade creditors

8,518

17,099

Taxation and social security

474

28

Other creditors

33,661

20,884

56,979

46,392

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

22,893

22,842

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - more than 5 years by instalments

3,591

5,516

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2