REGISTERED NUMBER: 08770851 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ARCADIA DEVELOPMENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

E Efthymiou

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

08770851 (England and Wales)

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

London

N21 3NA

FIXED ASSETS

Property, plant and equipment

4

-

2,900

Investments

5

5,437,408

5,263,895

5,437,408

5,266,795

CURRENT ASSETS

Debtors

6

12,228,406

11,494,924

Cash at bank

64,075

543,925

12,292,481

12,038,849

CREDITORS

Amounts falling due within one year

7

14,436,299

14,461,790

NET CURRENT LIABILITIES

(2,143,818

)

(2,422,941

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,293,590

2,843,854

PROVISIONS FOR LIABILITIES

9

48,774

156,996

NET ASSETS

3,244,816

2,686,858

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

3,243,816

2,685,858

SHAREHOLDERS' FUNDS

3,244,816

2,686,858

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 his 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 director and authorised for issue on 25 September 2025 and were signed by:

E Efthymiou - Director

1.	STATUTORY INFORMATION

Arcadia Developments 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.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The shareholders have confirmed their intention to continue to provide financial support to enable the company to meet its obligations in the foreseeable future. Accordingly, the director is satisfied that it is appropriate to prepare the accounts on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Arcadia Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Property, plant and equipment

Property plant and equipment under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings - 3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income statement.

Investments in subsidiaries

Investments in subsidiary undertakings are measured at cost less accumulated impairment losses. Cost includes the fair value of the consideration given, including any directly attributable transaction costs.

If there is an indication that an investment in a subsidiary has suffered impairment, the carrying amount is reviewed and, if necessary, adjusted to reflect the revised recoverable amount. Impairment losses and reversals of impairment losses are recognised in profit or loss in the period in which they occur.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments

Fixed asset investments, which include shares, bonds and alternative investments, are initially recognized at fair value, which is the transaction price, including any directly attributable transaction costs. After initial recognition, these investments are measured at fair value at each reporting date.

- Publicly Traded Shares: The fair value is determined using quoted market prices in active markets at the reporting date. Changes in fair value are recognized in the profit and loss account.

- Bonds: Bonds are measured at fair value based on quoted prices. Changes in fair value are recognized in the profit and loss account.

- Alternative Investments: Alternative investments are measured at fair value using valuation techniques appropriate to the nature of the investment. Where fair value cannot be reliably measured, the investment is held at cost less impairment.

Where investments are measured at fair value, impairment is not separately assessed. Any changes in the fair value, whether positive or negative, are recognized directly in the profit and loss account.

On disposal of an investment, the difference between the net disposal proceeds and the carrying amount at the date of disposal is recognized in the profit and loss account.

Investments classified as fixed assets are those intended to be held for the long term. Short-term investments held for trading or liquidity purposes are classified as current assets.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

32,453

DEPRECIATION

At 1 January 2024

29,553

Charge for year

2,900

At 31 December 2024

32,453

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

2,900

5.	FIXED ASSET INVESTMENTS

Shares in

group

Listed

Unlisted

undertakings

investments

investments

Totals

£

£

£

£

COST OR VALUATION

At 1 January 2024

37,119

5,174,157

52,619

5,263,895

Additions

-

901,876

-

901,876

Disposals

-

(923,459

)

-

(923,459

)

Revaluations

-

195,096

-

195,096

At 31 December 2024

37,119

5,347,670

52,619

5,437,408

NET BOOK VALUE

At 31 December 2024

37,119

5,347,670

52,619

5,437,408

At 31 December 2023

37,119

5,174,157

52,619

5,263,895

Cost or valuation at 31 December 2024 is represented by:

Shares in

group

Listed

Unlisted

undertakings

investments

investments

Totals

£

£

£

£

Valuation in 2024

-

195,096

-

195,096

Cost

37,119

5,152,574

52,619

5,242,312

37,119

5,347,670

52,619

5,437,408

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

11,928,145

11,327,943

Amounts owed by connected companies

4,664

4,664

Other debtors

295,597

162,317

12,228,406

11,494,924

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

4,680,000

4,470,000

Trade creditors

-

7,766

Taxation and social security

-

200

Other creditors

9,756,299

9,983,824

14,436,299

14,461,790

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

4,680,000

4,470,000

Bank loans are secured by way of fixed charge over all sum of money in any current unit now or at any time hereafter standing to the credit of the account with account number 600007 together with all entitlements to interest and other rights and benefit accruing to or arising in connection with such money.It also contains negative pledge.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

48,774

156,996

Deferred

tax

£

Balance at 1 January 2024

156,996

Provided during year

(108,222

)

Balance at 31 December 2024

48,774

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in debtors, falling due within one year, is an amount of £5,458,329 (2023: £4,815,420) owed by the overseas group companies. This loan was interest free and repayable on demand.

Included in debtors, falling due within one year, is an amount of £4,664 (2023: £4,644) owed by connected companies. This loan was interest free and repayable on demand.

Included in debtors, falling due within one year, is an amount of £85,650 (2023: £212,283 payable) owed by the shareholders of the company. An interest of £458 has been charged on the overdrawn balance at the official rate of of 2.5%. This loan is repayable on demand.