Aries Arise Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08879062

Aries Arise Ltd

Filleted Unaudited Accounts

31 March 2025

Aries Arise Ltd

Accounts

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the accounts	3

Aries Arise Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	96,719	84,289
Tangible assets	6	872,399	989,304
		---------	------------
		969,118	1,073,593

Current assets

Stocks		1,274,142	966,194
Debtors	7	1,682,423	1,738,556
Cash at bank and in hand		177,383	22,190
		------------	------------
		3,133,948	2,726,940

Creditors: amounts falling due within one year	8	( 2,094,273)		( 1,494,073)
		------------		------------
Net current assets			1,039,675	1,232,867
			------------	------------
Total assets less current liabilities			2,008,793	2,306,460

Creditors: amounts falling due after more than one year	9	( 976,285)	( 1,282,439)
		------------	------------
Net assets		1,032,508	1,024,021
		------------	------------

Capital and reserves

Called up share capital	11	126	125
Profit and loss account		1,032,382	1,023,896
		------------	------------
Shareholders funds		1,032,508	1,024,021
		------------	------------

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

Aries Arise Ltd

Statement of Financial Position (continued)

31 March 2025

These accounts were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

S M Prantera

Director

Company registration number: 08879062

Aries Arise Ltd

Notes to the Accounts

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ, UK. The principle place of business address is 6A Sheep Lane, Ground Floor, London E8 4QS.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The accounts have been prepared on the historical cost basis, and in accordance with applicable accounting standards. The accounts are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on the going concern basis. The director has considered several factors when assessing the going concern status of the company, including the expected results for the next 12 months. The company has net assets of £1,033k (2024: £1,024k) as at the year-end and made a profit before tax of £49k (2024: £292k). The directors therefore continue to adopt the going concern status in preparing the accounts.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the manufacture and wholesale of clothing and footwear, stated net of discounts and of Value Added Tax. Revenue is recognised once the product has been delivered to the customer.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Share options

Certain employees (including Directors) of the Company were granted share options in the period over shares in the Company. The Company has applied the requirements of FRS 102 share options to all grants of equity instruments.

The cost of share option transactions with employees is measured by reference to the fair value at the grant date of the equity instrument granted. The fair value is determined by using the Black-Scholes method. The costs of equity-settled transactions are recognised, together with a corresponding charge to equity, over the period between the date of grant and the end of a vesting period, where relevant employees become fully entitled to the award.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Trademark	-	10% straight line
Computer Software	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	10% straight line
Fixtures, fittings and equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial assets

Financial assets are recognised when the Company becomes a party to the contractual provisions of the financial instrument.

Loans and receivables

Trade receivables and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as ‘loans and receivables’. Loans and receivables are initially recognized at fair value and are subsequently measured using the effective interest method less provision for any impairment.

Financial liabilities and equity instruments

Financial liabilities and equity are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Other financial liabilities (including borrowing and trade and other payables) are initially recognized at fair value and subsequently measured at amortised cost using the effective interest method.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 27 (2024: 26 ).

5. Intangible assets

	Patents, trademarks and licences	Computer software	Total
	£	£	£
Cost
At 1 April 2024	104,922	54,263	159,185
Additions	18,371	13,570	31,941
	---------	--------	---------
At 31 March 2025	123,293	67,833	191,126
	---------	--------	---------
Amortisation
At 1 April 2024	21,476	53,420	74,896
Charge for the year	5,098	14,413	19,511
	---------	--------	---------
At 31 March 2025	26,574	67,833	94,407
	---------	--------	---------
Carrying amount
At 31 March 2025	96,719	–	96,719
	---------	--------	---------
At 31 March 2024	83,446	843	84,289
	---------	--------	---------

6. Tangible assets

	Land and buildings	Equipment	Total
	£	£	£
Cost
At 1 April 2024	1,075,295	195,126	1,270,421
Additions	324	2,920	3,244
	------------	---------	------------
At 31 March 2025	1,075,619	198,046	1,273,665
	------------	---------	------------
Depreciation
At 1 April 2024	165,319	115,798	281,117
Charge for the year	90,368	29,781	120,149
	------------	---------	------------
At 31 March 2025	255,687	145,579	401,266
	------------	---------	------------
Carrying amount
At 31 March 2025	819,932	52,467	872,399
	------------	---------	------------
At 31 March 2024	909,976	79,328	989,304
	------------	---------	------------

7. Debtors

	2025	2024
	£	£
Trade debtors	851,074	993,682
Other debtors	831,349	744,874
	------------	------------
	1,682,423	1,738,556
	------------	------------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	161,423	152,329
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	759,639	51,586
Trade creditors	792,082	919,492
Accruals and deferred income	342,971	209,248
Corporation tax	–	88,390
Social security and other taxes	152,867	170,454
Director loan accounts	–	17,321
Other creditors	46,714	37,582
	------------	------------
	2,094,273	1,494,073
	------------	------------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	976,285	1,282,439
	---------	------------

The above balance include the following: - A 'Bounce Back' Loan with Natwest, entered into in August 2020 as part of the Chancellor's Coronavirus Business Interruption Loan Scheme (CBILS). The loan amount was set at £50,000 at an interest rate of 2.50%, payable over 72 months after the loan was drawn. - A Funding Circle loan, entered into in March 2023. The loan principal of £300,000 attracts interest at a rate of 13.4% per annum payable over 60 months after the loan was drawn. - A shareholder and director loan of £559k (2024: £650k) which is non-interest bearing. - A Momenta loan, entered into in January 2024. The loan principal of £262,500 attracts interest at a rate of 16.85% per annum payable over 36 months after the loan was drawn.

10. Share-based payments

The company operates a share-based compensation plan granting share options to employees. Share options granted to employees are under the Enterprise Management Initiative ("EMI") scheme and vest over a 6 month period, or earlier if in the case of an exit event, with certain restrictions attached. Some shares were exercised in the current year and further share options were granted in the year.

There is no charge recognised within these financial statements as the Directors consider the amount to be immaterial to the 2025 and 2024 results.

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 0.10 each	510	51	510	51
Ordinary B shares of £ 0.10 each	250	25	250	25
Ordinary C shares of £ 0.10 each	250	25	250	25
Ordinary D shares of £ 0.10 each	240	24	240	24
Ordinary E shares of £ 0.10 each	13	1	–	–
	-------	----	-------	----
	1,263	126	1,250	125
	-------	----	-------	----

Ordinary A, B, C, D and E shares have attached to them full voting, dividend and distribution rights. They do not confer any rights of redemption.

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	387,227	101,726
Later than 1 year and not later than 5 years	1,168,700	187,507
Later than 5 years	500,000	–
	------------	---------
	2,055,927	289,233
	------------	---------

13. Other financial commitments

As at the reporting date the Company had no (2024: £nil) financial or operating commitments.

14. Directors' advances, credits and guarantees

As at the reporting date the Directors owed the Company £nil (2024: £14,000) in the form of an overdrawn directors loan account. No interest is attached to this loan. At year end 2025 the Company owed the Directors £558,846 from the director loan accounts (included in long term creditors) (2024: £667,417). No interest in attached to this loan.

15. Related party transactions

The company was under the control of Ms S M Prantera throughout the current and previous year. Ms S M Prantera is the managing director and majority shareholder. No further transactions with related parties were undertaken as are required to be disclosed under FRS 102 Section 1A.

16. Controlling party

In the opinion of the directors, Ms S M Prantera is the ultimate controlling party by virtue of her majority shareholding.