| REGISTERED NUMBER: |
| ARKAS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2025 |
| REGISTERED NUMBER: |
| ARKAS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2025 |
| ARKAS LIMITED (REGISTERED NUMBER: 02253624) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 May 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ARKAS LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 May 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Unit 7 |
| Pickhill Business Centre |
| Smallhythe Road |
| Tenterden |
| Kent |
| TN30 7LZ |
| ARKAS LIMITED (REGISTERED NUMBER: 02253624) |
| BALANCE SHEET |
| 31 May 2025 |
| 31.5.25 | 31.5.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stock and work in progress |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| 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. |
| ARKAS LIMITED (REGISTERED NUMBER: 02253624) |
| BALANCE SHEET - continued |
| 31 May 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ARKAS LIMITED (REGISTERED NUMBER: 02253624) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 May 2025 |
| 1. | STATUTORY INFORMATION |
| Arkas Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods and supply of services, excluding value added tax and adjusted for work in progress. |
| Tangible fixed assets |
| Freehold property | - |
| Improvements to property | - |
| Plant and machinery | - |
| Office equipment | - |
| Motor vehicles | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| 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 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. |
| ARKAS LIMITED (REGISTERED NUMBER: 02253624) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 May 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements |
| Freehold | to | Plant and |
| property | property | machinery |
| £ | £ | £ |
| COST |
| At 1 June 2024 |
| Additions |
| Disposals |
| At 31 May 2025 |
| DEPRECIATION |
| At 1 June 2024 |
| Charge for year |
| Eliminated on disposal |
| At 31 May 2025 |
| NET BOOK VALUE |
| At 31 May 2025 |
| At 31 May 2024 |
| ARKAS LIMITED (REGISTERED NUMBER: 02253624) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 May 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Office | Motor |
| equipment | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 May 2025 |
| DEPRECIATION |
| At 1 June 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 May 2025 |
| NET BOOK VALUE |
| At 31 May 2025 |
| At 31 May 2024 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 June 2024 |
| Additions |
| Disposals | ( |
) |
| At 31 May 2025 |
| DEPRECIATION |
| At 1 June 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 May 2025 |
| NET BOOK VALUE |
| At 31 May 2025 |
| At 31 May 2024 |
| ARKAS LIMITED (REGISTERED NUMBER: 02253624) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 May 2025 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 June 2024 |
| and 31 May 2025 |
| NET BOOK VALUE |
| At 31 May 2025 |
| At 31 May 2024 |
| Fair value at 31 May 2025 is represented by: |
| £ |
| Valuation in 2017 | 174,886 |
| Valuation in 2020 | (14,373 | ) |
| Valuation in 2021 | (97,200 | ) |
| Valuation in 2023 | 32,400 |
| Valuation in 2024 | (63,937 | ) |
| Cost | 215,040 |
| 246,816 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.25 | 31.5.24 |
| £ | £ |
| Trade debtors |
| Arkas FM Limited |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.25 | 31.5.24 |
| £ | £ |
| Hire purchase contracts (see note 9) |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT |
| Other creditors |
| Directors' current accounts |
| Accrued expenses |
| ARKAS LIMITED (REGISTERED NUMBER: 02253624) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 May 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.5.25 | 31.5.24 |
| £ | £ |
| Directors' loans |
| Hire purchase contracts (see note 9) |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase |
| contracts |
| 31.5.25 | 31.5.24 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 31.5.25 | 31.5.24 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.5.25 | 31.5.24 |
| £ | £ |
| Hire purchase contracts | 16,580 | 30,251 |
| Directors' loans | 320,159 | 328,549 |
| D Streeter provides a personal guarantee for the bank overdraft facility. Mrs B L R Streeter has a charge on the company's premises. The hire purchase contracts are secured on the assets concerned. |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 31.5.25 | 31.5.24 |
| value: | £ | £ |
| Share capital 1 | £1 |
| ARKAS LIMITED (REGISTERED NUMBER: 02253624) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 May 2025 |
| 12. | RESERVES |
| Included within retained earnings are non-distributable reserves of £31,776 (2024 : £31,776) relating to the revaluation of the investment property. This leaves distributable reserves of £699,693 (2024 : £681,351). |
| 13. | RELATED PARTY DISCLOSURES |
| Interest of £9,881 (2024 : £3,385) has been paid to the directors in respect of their loans to the company. |
| Included within directors' loans is a mortgage loaned by one of the directors of £316,199 (2024 : £328,549). Interest was charged on this mortgage of £15,611 (2024 : £6,549). |