REGISTERED NUMBER: 09071590 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Arete Management Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S N Bayliff

Mr J D F Beckett

Ms T R Talai

REGISTERED OFFICE:

Unit 2,

118 Putney Bridge Road

Putney

London

SW15 2NQ

REGISTERED NUMBER:

09071590 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Property, plant and equipment

4

13,536

7,607

CURRENT ASSETS

Debtors

5

568,283

338,453

Cash at bank and in hand

1,085,213

601,001

1,653,496

939,454

CREDITORS

Amounts falling due within one year

6

(559,685

)

(457,567

)

NET CURRENT ASSETS

1,093,811

481,887

TOTAL ASSETS LESS CURRENT LIABILITIES

1,107,347

489,494

PROVISIONS FOR LIABILITIES

(1,445

)

(1,445

)

NET ASSETS

1,105,902

488,049

CAPITAL AND RESERVES

Called up share capital

135

135

Retained earnings

1,105,767

487,914

SHAREHOLDERS' FUNDS

1,105,902

488,049

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr S N Bayliff - Director

1.	STATUTORY INFORMATION

Arete Management Limited 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.

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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 11 (2023 - 6 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

1,266

1,095

18,444

20,805

Additions

-

-

13,296

13,296

At 31 December 2024

1,266

1,095

31,740

34,101

DEPRECIATION

At 1 January 2024

418

337

12,443

13,198

Charge for year

127

123

7,117

7,367

At 31 December 2024

545

460

19,560

20,565

NET BOOK VALUE

At 31 December 2024

721

635

12,180

13,536

At 31 December 2023

848

758

6,001

7,607

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

391,999

214,052

Other debtors

176,284

124,401

568,283

338,453

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

54,751

26,651

Taxation and social security

395,477

252,638

Other creditors

109,457

178,278

559,685

457,567

7.	RELATED PARTY DISCLOSURES

Mr S N Bayliff is considered to be key management personnel.