REGISTERED NUMBER: 08393384 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Planet Arowana Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Carr

SECRETARY:

REGISTERED OFFICE:

398 Coast Road

Pevensey Bay

East Sussex

BN24 6NY

REGISTERED NUMBER:

08393384 (England and Wales)

ACCOUNTANTS:

Stone's Accountancy Sussex Limited

398 Coast Road

Pevensey Bay

Pevensey

East Sussex

BN24 6NY

FIXED ASSETS

Tangible assets

4

14,619

13,501

CURRENT ASSETS

Stocks

93,701

94,477

Cash in hand

3,877

2,026

97,578

96,503

CREDITORS

Amounts falling due within one year

5

79,565

69,983

NET CURRENT ASSETS

18,013

26,520

TOTAL ASSETS LESS CURRENT LIABILITIES

32,632

40,021

CREDITORS

Amounts falling due after more than one year

6

37,210

38,899

NET (LIABILITIES)/ASSETS

(4,578

)

1,122

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(4,579

)

1,121

SHAREHOLDERS' FUNDS

(4,578

)

1,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 17 November 2025 and were signed by:

D Carr - Director

1.	STATUTORY INFORMATION

Planet Arowana 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

Turnover 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.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2024

21,898

2,501

479

24,878

Additions

4,580

-

-

4,580

At 28 February 2025

26,478

2,501

479

29,458

DEPRECIATION

At 1 March 2024

8,718

2,232

427

11,377

Charge for year

3,398

54

10

3,462

At 28 February 2025

12,116

2,286

437

14,839

NET BOOK VALUE

At 28 February 2025

14,362

215

42

14,619

At 29 February 2024

13,180

269

52

13,501

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Bank loans and overdrafts

1,419

780

Tax

9,159

11,214

VAT

3,185

3,247

Directors' loan accounts

64,200

52,990

Accrued expenses

1,602

1,752

79,565

69,983

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/25

29/2/24

£

£

Bank loans - 1-2 years

5,800

9,979

Bank loans - 2-5 years

31,409

28,920

Other loans - 1-2 years

1

-

37,210

38,899

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the directors loan account shown on the balance sheet was loaned to the company by the sole director. No interest has been charged for this loan and no repayment date has been set. The loan is repayable on demand. Interest has been charged this year at 4%.