Company Registration No. 12837650 (England and Wales)
Arete Property Limited
Unaudited accounts
for the year ended 31 August 2025
Arete Property Limited
Unaudited accounts
Contents
Arete Property Limited
Company Information
for the year ended 31 August 2025
Directors
Huw Davies
Martyn Woolford
Company Number
12837650 (England and Wales)
Registered Office
43 Southgate
Pontefract
West Yorkshire
WF8 1LN
United Kingdom
Arete Property Limited
Statement of financial position
as at 31 August 2025
Investment property
2,548,378
2,535,000
Cash at bank and in hand
106,855
20,658
Creditors: amounts falling due within one year
(454,096)
(1,232,244)
Net current liabilities
(334,736)
(1,195,284)
Total assets less current liabilities
2,213,642
1,339,716
Creditors: amounts falling due after more than one year
(1,741,852)
(781,452)
Provisions for liabilities
Deferred tax
(147,342)
(147,342)
Net assets
324,448
410,922
Called up share capital
100
100
Fair value reserve
440,827
440,827
Profit and loss account
(116,479)
(30,005)
Shareholders' funds
324,448
410,922
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by
Martyn Woolford
Director
Company Registration No. 12837650
Arete Property Limited
Notes to the Accounts
for the year ended 31 August 2025
Arete Property Limited is a private company, limited by shares, registered in England and Wales, registration number 12837650. The registered office is 43 Southgate, Pontefract, West Yorkshire, WF8 1LN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The directors continue to support the company and are confident that the company will start to show profitability once all investments properties begin to generate income.
Arete Property Limited
Notes to the Accounts
for the year ended 31 August 2025
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Other Operating Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Other Operating Income represents the rental income on investment property.
Fair value at 1 September 2024
2,535,000
At 31 August 2025
2,548,378
Investment property is shown at fair value based on the properties current state of redevelopment and following revaluations taken by the directors.
Amounts falling due within one year
Accrued income and prepayments
3,357
2,617
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
575,000
Trade creditors
110
59,751
Amounts owed to group undertakings and other participating interests
447,388
486,138
Taxes and social security
-
17
Loans from directors
1,260
107,490
Directors loans remain repayable on demand.
Arete Property Limited
Notes to the Accounts
for the year ended 31 August 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,741,852
781,452
Loans shown over one year are fixed charges relating to the following properties:
Shawbrook Bank Limited - 49 Healdfield Road, Castleford, West Yorkshire, WF10 4LJ,
Shawbrook Bank Limited - 2 Weeland Road, Knottingley, West Yorkshire, WF11 8AH.
Cambridge & Counties Bank Limited - 17 Ropergate, Pontefract, West Yorkshire, WF8 1LL
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Deferred taxation
2025
2024
Revaluation of investment property
147,342
147,342
Provision at start of year
147,342
72,858
Charged to the profit and loss account
-
74,484
Provision at end of year
147,342
147,342
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The Company is Jointly controlled by Companies held by the two directors:
Pink Orchard Holdings Limited, Office 7 35-37 Ludgate Hill, London, EC4M 7JN.
LJ & Keat Properties Limited, 17 Ropergate, Pontefract, West Yorkshire, WF8 1LL.
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Average number of employees
During the year the average number of employees was 2 (2024: 2).