Registration number:
Arcus Investment Limited
for the Year Ended 30 September 2025
Arcus Investment Limited
Company Information
|
Directors |
Lucy King Benjamin Williams Mark Pearson Edward Cartwright |
|
Company secretary |
Prism Cosec Limited |
|
Registered office |
|
|
Auditors |
|
Arcus Investment Limited
Strategic Report for the Year Ended 30 September 2025
The directors present their strategic report for the year ended 30 September 2025.
Principal activity
The principal activity of the company is investment fund management. The directors do not foresee any changes in management policy. The company is authorised and regulated in the UK by the Financial Conduct Authority.
Fair review of the business
Assets Under Management ('AUM') decreased during the year. In addition, performance for some of the Funds managed by the company was stronger than in the previous year.
The company's key financial and other performance indicators during the year were as follows:
|
Financial KPIs |
Unit |
2025 |
2024 |
|
AUM |
£million |
1,816 |
1,829 |
Principal risks and uncertainties
The major risk faced by the company is that the funds perform poorly, making it difficult to retain investors and to attract new investors. The company manages this risk by managing a range of funds with differing mandates.
Directors' statement of compliance with duty to promote the success of the Company
The directors' have acted in a way that they considered, in good faith, to be most likely to promote the success of the Company for the benefit of its members, and in doing so had regard, amongst other matters, to;
a) the likely consequences of any decision in the long term
The directors consider the medium and long term impact of decisions when formulating plans and strategic direction for the company.
b) the interests of the company's employees
An 'open' environment is encouraged and the company aims to be a responsible employer in its approach to matters including pay and benefits, diversity and inclusion, training, development and career opportunities.
c) the need to foster the company's business relationships with suppliers, customers and others
The company engages with a variety of stakeholders, including but not limited to investors, the funds, regulators, and service providers, to inform and enable balanced decisions that incorporate multiple viewpoints, whilst maintaining the company's integrity, brand and reputation.
d) the impact of the company's operations on the community and the environment
The directors are mindful of the business impact on the general community and society we operate within, as well as our environmental impact.
e) the desirability of the company maintaining a reputation for high standards of business conduct
The directors consider it crucial that the company maintains a reputation for high standards of business conduct, and are responsible for setting, monitoring and upholding the culture, values, standards, ethics, brand and reputation of the company.
Arcus Investment Limited
Strategic Report for the Year Ended 30 September 2025
f) the need to act fairly as between members of the company
The directors are in regular discussion with the shareholders of the Company and provide relevant information to them as and when required.
Approved and authorised by the
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......................................... |
Arcus Investment Limited
Directors' Report for the Year Ended 30 September 2025
The directors present their report and the financial statements for the year ended 30 September 2025.
Directors of the company
The directors who held office during the year were as follows:
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Public Disclosures
The firm has documented the disclosures required by the FCA under MIFIDPRU 8. They can be found on the website: www.arcusinvest.com.
Reappointment of auditors
Blick Rothenberg Audit LLP resigned as the company's auditors, and EVMS Partners LLP were appointed to fill the casual vacancy arising. EVMS Partners LLP has indicated its willingness to continue in office and the directors will propose a motion re-appointing them at a board meeting.
Approved and authorised by the
|
......................................... |
Arcus Investment Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
|
• |
select suitable accounting policies and apply them consistently; |
|
• |
make judgements and accounting estimates that are reasonable and prudent; |
|
• |
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
|
• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Arcus Investment Limited
Independent Auditor's Report to the Members of Arcus Investment Limited
Opinion
We have audited the financial statements of Arcus Investment Limited (the 'company') for the year ended 30 September 2025, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Arcus Investment Limited
Independent Auditor's Report to the Members of Arcus Investment Limited
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
|
• |
the information given in the Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
|
• |
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Arcus Investment Limited
Independent Auditor's Report to the Members of Arcus Investment Limited
Responsibilities of directors
As explained more fully in the directors' responsibilities statement set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, and non-compliance with laws and regulations, our procedures included the following: enquiring of management concerning the company's policies with regard to identifying, evaluating and complying with laws and regulations and whether management are aware of any instances of non-compliance; enquiring of management concerning the company's policies for detecting and responding to the risks of fraud and whether management have knowledge of any actual, suspected or alleged fraud; enquiring of management concerning the company's policies in relation to the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; discussing among the engagement team where fraud might occur in the financial statements and any potential indicators of fraud; and obtaining an understanding of the legal and regulatory framework that the company operate in and focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company.
Arcus Investment Limited
Independent Auditor's Report to the Members of Arcus Investment Limited
The key laws and regulations we considered in this context included the Companies Act 2006 as applied to companies, the applicable rules of the Financial Conduct Authority, United Kingdom taxation laws and anti-money laundering legislation. As a result of performing the above, we identified particular focus areas being: manipulation of revenues; non-compliance with the rules of the Financial Conduct Authority; and override of controls by management.
Our procedures to respond to risks identified included the following: performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; reviewing the bank statements of the company for evidence of any large or unusual activity which may be indicative of fraud or the inadvertent receipt of client monies; enquiring of management in relation to any potential litigation and claims; and, in addressing the risk of fraud through override of controls, testing the appropriateness of journal entries and other adjustments and assessing whether the judgements made in making accounting estimates are indicative of potential bias, although in the company's case there are no particularly significant accounting estimates.
Another focus area was non-compliance with the rules of the Financial Conduct Authority (‘the FCA’). The company was authorised and regulated by the FCA throughout the period. Our procedures to respond to risks identified included the following: reviewing correspondence between the company and the FCA, performing analytical review to detect receipts of client money and remaining alert to the possibility of accidental receipt of client monies; and discussion of regulatory matters with the appointed officers of the company.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
For and on behalf of
London
EC4M 7JU
Arcus Investment Limited
Profit and Loss Account for the Year Ended 30 September 2025
|
Note |
2025 |
2024 |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Operating profit |
928,855 |
863,581 |
|
|
Fair value movement on investments |
|
|
|
|
Other interest receivable and similar income |
|
|
|
|
Profit before tax |
|
|
|
|
Tax on profit |
( |
( |
|
|
Profit for the financial year |
|
|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Arcus Investment Limited
(Registration number: 03582673)
Balance Sheet as at 30 September 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Investments in subsidiaries |
|
|
|
|
Investments |
15,844,673 |
14,279,302 |
|
|
|
|
||
|
Current assets |
|||
|
Debtors |
|
|
|
|
Investments |
|
- |
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
4,488,280 |
4,488,280 |
|
|
Share premium reserve |
728,506 |
728,506 |
|
|
Capital redemption reserve |
845,504 |
845,504 |
|
|
Retained earnings |
10,922,894 |
9,583,070 |
|
|
Shareholders' funds |
16,985,184 |
15,645,360 |
Approved and authorised by the
|
......................................... |
Arcus Investment Limited
Statement of Changes in Equity for the Year Ended 30 September 2025
|
Share capital |
Share premium |
Capital redemption reserve |
Retained earnings |
Total |
|
|
At 1 October 2024 |
|
|
|
|
|
|
Profit for the year |
- |
- |
- |
|
|
|
Dividends |
- |
- |
- |
( |
( |
|
At 30 September 2025 |
|
|
|
|
|
|
Share capital |
Share premium |
Capital redemption reserve |
Retained earnings |
Total |
|
|
At 1 October 2023 |
|
|
|
|
|
|
Profit for the year |
- |
- |
- |
|
|
|
Dividends |
- |
- |
- |
( |
( |
|
At 30 September 2024 |
4,488,280 |
728,506 |
845,504 |
9,583,070 |
15,645,360 |
Arcus Investment Limited
Statement of Cash Flows for the Year Ended 30 September 2025
|
Note |
2025 |
2024 |
|
|
Cash flows from operating activities |
|||
|
Profit for the year |
|
|
|
|
Adjustments to cash flows from non-cash items |
|||
|
Depreciation and amortisation |
|
|
|
|
Revaluation of investments |
( |
( |
|
|
Finance income |
( |
- |
|
|
Corporation tax expense |
|
|
|
|
|
|
||
|
Working capital adjustments |
|||
|
Increase in trade debtors |
( |
( |
|
|
Increase in trade creditors |
|
|
|
|
Cash generated from operations |
|
|
|
|
Corporation tax paid |
( |
( |
|
|
Net cash flow from operating activities |
|
|
|
|
Cash flows from investing activities |
|||
|
Interest received |
|
- |
|
|
Acquisitions of tangible assets |
( |
( |
|
|
(Increase) in fixed term deposits |
(17,000,000) |
- |
|
|
Net cash flows from investing activities |
( |
( |
|
|
Cash flows from financing activities |
|||
|
Dividends paid |
( |
( |
|
|
Net (decrease)/increase in cash and cash equivalents |
( |
|
|
|
Cash and cash equivalents at 1 October |
|
|
|
|
Cash and cash equivalents at 30 September |
6,297,228 |
21,420,863 |
|
Arcus Investment Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
Management are also required to exercise judgment in applying the Company's accounting policies. Due to the straightforward nature of the business, management consider that no critical judgements have been made in applying the Company's accounting policies.
The Company owns 100% of Arcus South East Asia SDN.BHD. Group accounts have not been prepared on the basis that the subsidiary's inclusion in the consolidation is immaterial. The financial statements therefore present information about the Company as an individual undertaking and not about its group.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis. Having reviewed the financial projections of the Company, the Directors consider it has sufficient cash resources to meet its financial obligations for a period of at least 12 months from the date of approval of these financial statements. The Company has a strong balance sheet, and in the event of stressed scenarios the fixed asset investments are sufficiently liquid to ensure the Company is able to meet its liabilities as they fall due.
Arcus Investment Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Revenue recognition
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Revenue represents management and performance fees receivable. Investment management fees are recognised when they are earned, based on specific management agreements. Performance fees are recognised when they crystallise and the criteria for payment have therefore been met.
Tangible assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is charged so as to allocate the cost of assets over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Office equipment |
Straight-line over 2 years |
Investments
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period.
Financial instruments
All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The Company does not hold collateral against its trade and other receivables so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment.
The Company's cash holdings comprise on demand balances and all cash is held with banks with strong external credit ratings.
Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished. As the Company only has short term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.
Arcus Investment Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Foreign currency transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss the statement of income and retained earnings.
Leases
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Tax
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
•The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
•Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Arcus Investment Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Turnover |
The analysis of the company's turnover for the year by market is as follows:
|
2025 |
2024 |
|
|
Europe |
|
|
|
Rest of world |
|
|
|
|
|
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Foreign exchange losses |
|
|
|
Operating lease expense - property |
|
|
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
|
Other finance income |
|
|
|
|
|
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
|
|
Arcus Investment Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Administration and support |
|
|
|
Directors |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
In respect of the highest paid director:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
|
Other fees to auditors |
||
|
All other non-audit services |
|
|
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
UK corporation tax adjustment to prior periods |
- |
( |
|
268,673 |
258,163 |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
|
|
Tax expense in the income statement |
|
|
Arcus Investment Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
The tax on profit before tax for the year is lower than the standard rate of corporation tax in the UK (2024 - lower than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Decrease from adjustment for prior periods |
- |
( |
|
Tax decrease from other short-term timing differences |
( |
( |
|
Effect of expense not deductible in determining taxable profit |
|
|
|
Tax decrease arising from group relief |
( |
( |
|
Total tax charge |
|
|
Deferred tax
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
|
Unrealised gains on fixed asset investments |
- |
|
|
Capital losses available to offset future gains |
|
- |
|
|
|
|
2024 |
Asset |
Liability |
|
Unrealised gains on fixed asset investments |
- |
|
|
Capital losses available to offset future gains |
|
- |
|
|
|
Arcus Investment Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Tangible assets |
|
Office equipment |
|
|
Cost or valuation |
|
|
At 1 October 2024 |
|
|
Additions |
|
|
At 30 September 2025 |
|
|
Depreciation |
|
|
At 1 October 2024 |
|
|
Charge for the year |
|
|
At 30 September 2025 |
|
|
Carrying amount |
|
|
At 30 September 2025 |
|
|
At 30 September 2024 |
|
|
Investments in subsidiaries |
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 October 2024 |
|
|
At 30 September 2025 |
|
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
|
Subsidiary undertakings |
||||
|
|
Quest Secretarial Sdn Bhd, Upper Penthouse, Wisma RKT No.2 Jalan Raja Abdullah, Off Jalan Sultan Ismail, 50300, Kuala Lumpur Malaysia |
|
|
|
Arcus South East Asia's net assets at year end were £497,916, and the profit for the year was £65,290.
Arcus Investment Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Investments |
|
Unlisted investments |
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Investments |
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Cost or valuation |
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At 1 October 2024 |
14,279,303 |
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Fair value adjustments |
1,565,370 |
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At 30 September 2025 |
15,844,673 |
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Debtors |
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Current |
Note |
2025 |
2024 |
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Trade debtors |
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Amounts owed by related parties |
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Other debtors |
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Prepayments |
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Accrued income |
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Included within trade debtors is £nil (2024: £550,375) relating to amounts owed by a related company, due within more than 1 year.
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Current asset investments |
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2025 |
2024 |
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Other investments |
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- |
Current asset investments of £17,000,000 (2024: £nil) comprise fixed term deposits with a maturity date of between one and three months from the balance sheet date, with an original maturity date exceeding three months from initial deposit.
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Cash and cash equivalents |
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2025 |
2024 |
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Cash at bank |
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£11,039 (2024: £37,774) of the company's cash at bank is not available for use by the company. This relates to cash held in a separate bank account for the purpose of satisfying future liabilities of a third party. An equivalent balance is included in trade creditors and accruals in respect of this amount.
Arcus Investment Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
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Creditors |
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Note |
2025 |
2024 |
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Due within one year |
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Trade creditors |
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Amounts due to related parties |
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Social security and other taxes |
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Other payables |
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Accruals |
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Corporation tax liability |
93,672 |
116,020 |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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4,488,280 |
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4,488,280 |
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Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
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2025 |
2024 |
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Not later than one year |
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Arcus Investment Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
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Analysis of changes in net debt |
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At 1 October 2024 |
Cash flows |
At 30 September 2025 |
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Cash and cash equivalents |
21,420,863 |
(15,123,635) |
6,297,228 |
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Treasury deposits >3 months |
- |
17,000,000 |
17,000,000 |
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21,420,863 |
1,876,365 |
23,297,228 |
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Related party transactions |
During the year to 30 September 2017 the company sold its interest in Arcus Investment Asia Limited ('AIAL') to Arcus Cayman Limited ('ACL'), a company incorporated in the Cayman Islands and under common control. During the year to 30 September 2019, the company sold its interest in Arcus Research Limited ('ARL') to ACL. Interest of £14,469 (2024: £41,825) has been charged on these transactions during the year. The loan was repaid in full during the year and therefore the total amount included within debtors as at 30 September 2025 in respect of these transactions is £Nil (2024: £550,375).
During the year, the company received administrative services from ARL and Arcus South East Asia SDN. BHD. ('ASEA') and was charged £6,752,609 (2024: £5,971,870) by ARL and £1,183,983 (2024: £1,156,285) by ASEA. As at the balance sheet date, the company owed £Nil (2024: £45,784) to AIAL, £708,124 (2024: £62,413) to ASEA and £6,258,955 (2024: £628,092) to ARL.
During the year, the company also paid certain administrative expenses on behalf of Arcus Investment Holdings Limited ('AIHL'), a company under common control, Arcus Jersey Limited ('AJL'), the immediate parent company and ACL. As at the balance sheet date, AIHL owed the company £Nil (2024: £39,208), АJL owed the company £86,278 (2024: £66,278) and the company owed ACL £115,342 (2024: ACL owed the company £6,567).
The company provided an interest-free loan of £30,000 to Megumi Trust, a shareholder in AJL. The total amount included within other debtors as at 30 September 2025 in respect of this transaction was £30,000 (2024: £30,000).
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is
Arcus Investment Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
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Non adjusting events after the financial period |
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