| ARNOLD & SHARP 2015 LIMITED |
| Registered number: |
09458411 |
| Balance Sheet |
| as at 28 February 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Investment property |
3 |
|
|
330,000 |
|
|
325,000 |
|
| Current assets |
| Investments held as current assets |
4 |
|
26,462 |
|
|
25,425 |
| Cash at bank and in hand |
|
|
29,150 |
|
|
19,871 |
|
|
|
55,612 |
|
|
45,296 |
|
| Creditors: amounts falling due within one year |
5 |
|
(13,723) |
|
|
(8,674) |
|
| Net current assets |
|
|
|
41,889 |
|
|
36,622 |
|
| Total assets less current liabilities |
|
|
|
371,889 |
|
|
361,622 |
|
|
| Provisions for liabilities |
|
|
|
(19,394) |
|
|
- |
|
|
| Net assets |
|
|
|
352,495 |
|
|
361,622 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
4 |
|
|
4 |
| Fair value reserve |
6 |
|
|
91,606 |
|
|
- |
| Profit and loss account |
|
|
|
260,885 |
|
|
361,618 |
|
| Shareholders' funds |
|
|
|
352,495 |
|
|
361,622 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Brian Arnold |
| Director |
| Approved by the board on 9 April 2026 |
|
| ARNOLD & SHARP 2015 LIMITED |
| Notes to the Accounts |
| for the year ended 28 February 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, exclusive of value added tax (the company being an exempt business) in respect of property letting. Turnover includes rental income due from tenants, and is recognised when the rental payments become due under the terms of the agreement. |
|
|
Investments |
|
Investment properties are held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including trandaction costs. Subsequently they are measured at fair value, with gains/losses arising from changes in fair value being included in the profit or loss for the period in which they arise.
Unlisted investments are held to earn capital appreciation. Unlisted investments are initially measured at cost, subsequently they are measured at market value, with gains/losses being included in the profit or loss for the period in which they arise. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investment property |
Investment |
| property |
| £ |
|
Valuation |
|
At 1 March 2025 |
325,000 |
|
Revaluation |
5,000 |
|
|
At 28 February 2026 |
330,000 |
|
|
Investment properties were valued in February 2026 by the director on an open market basis. The valuations, which relate to two properties are considered by the director to represent appropriate valuations in the current market conditions. |
|
|
| 4 |
Investments held as current assets |
2026 |
|
2025 |
| £ |
£ |
|
Fair value |
|
Unlisted investments |
26,462 |
|
25,425 |
|
|
|
|
|
|
|
|
|
|
Increase/(decrease) in fair value included in the profit and loss account for the financial year |
|
Unlisted investments |
1,037 |
|
1,020 |
|
|
|
|
|
|
|
|
|
|
Unlisted investments are included in the Accounts using their market valuation each year. |
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Taxation and social security costs |
2,399 |
|
1,849 |
|
Other creditors |
11,324 |
|
6,825 |
|
|
|
|
|
|
13,723 |
|
8,674 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Fair value reserve |
2026 |
|
2025 |
| £ |
£ |
|
|
Gain on revaluation of land and buildings |
111,000 |
|
- |
|
Deferred taxation arising on the revaluation of land and buildings |
(19,394) |
|
- |
|
|
At 28 February 2026 |
91,606 |
|
- |
|
|
|
|
|
|
|
|
|
|
The company operates a Fair Value Reserve in order to separate non-realised revaluation gains on investment properties (including the associated deferred tax provision) from other realised Profit and Loss Reserves. |
|
| 7 |
Other information |
|
|
ARNOLD & SHARP 2015 LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
50 Emery Croft |
|
Meppershall |
|
Shefford |
|
SG17 5ST |