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ARETE MERCH LTD

Registered Number
11542105
(England and Wales)

Unaudited Financial Statements for the Period ended
30 August 2025

ARETE MERCH LTD
Company Information
for the period from 1 September 2024 to 30 August 2025

Director | ODUMADE, Oluwakorede Ayomide

Registered Address | Apartment 49 Nightingale House
| Ockbrook Drive
| Nottingham
| NG3 6AT

Registered Number | 11542105 (England and Wales)

ARETE MERCH LTD
Statement of Financial Position
30 August 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Current assets |  |  |  |  |  |  |  |
Stocks | 4 | 3,000 |  |  |  | 634 |  |
Cash at bank and on hand |  | 155 |  |  |  | 17,928 |  |
|  | 3,155 |  |  |  | 18,562 |  |
Creditors amounts falling due within one year | 5 | (16,903) |  |  |  | (31,899) |  |
Net current assets (liabilities) |  |  |  | (13,748) |  |  |  | (13,337)
Total assets less current liabilities |  |  |  | (13,748) |  |  |  | (13,337)
Creditors amounts falling due after one year | 6 |  |  | (15,141) |  |  |  | (13,412)
Net assets |  |  |  | (28,889) |  |  |  | (26,749)
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 10 |  |  |  | 10
Profit and loss account |  |  |  | (28,899) |  |  |  | (26,759)
Shareholders' funds |  |  |  | (28,889) |  |  |  | (26,749)

- The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 29 May 2026, and are signed on its behalf by:
ODUMADE, Oluwakorede Ayomide Director Registered Company No. 11542105

ARETE MERCH LTD
Notes to the Financial Statements
for the period ended 30 August 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Going concern
--- | ---
| The directors have reviewed the Company’s financial position and cash flow forecasts for the foreseeable future and are satisfied that the Company will be able to continue in operational existence. The directors’ assessment of going concern is based on the expectation that the Company will continue to generate income from its normal trading activities, including projects which are scheduled to be undertaken after the year end. The directors are confident that these forthcoming projects will enable the Company to meet its obligations as they fall due. Notwithstanding this, the Company is subject to ongoing cash flow pressures and has outstanding liabilities at the balance sheet date. Accordingly, a material uncertainty exists which may cast significant doubt on the Company’s ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Company were unable to continue as a going concern.

| Revenue from sale of goods
--- | ---
| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Tangible fixed assets and depreciation
--- | ---
| All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

|  | Straight line (years)
| Office Equipment | 3

| Stocks and work in progress
--- | ---
| Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

| Trade and other creditors
--- | ---
| At the end of the financial period, amounts due to the directors totalling £15,145.48 (2024: £28,188.30) were included within other creditors. These balances are unsecured, interest-free and repayable on demand.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 0 |  | 0

3. | Tangible fixed assets
--- | ---

|  | Office Equipment |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 September 24 | 1,328 |  | 1,328
| At 30 August 25 | 1,328 |  | 1,328
| Depreciation and impairment
| At 01 September 24 | 1,328 |  | 1,328
| At 30 August 25 | 1,328 |  | 1,328
| Net book value
| At 30 August 25 | - |  | -
| At 31 August 24 | - |  | -

4. | Stocks
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Finished goods | 3,000 |  | 634
| Total | 3,000 |  | 634

5. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 1,262 |  | 3,216
| Other creditors | 15,146 |  | 28,188
| Accrued liabilities and deferred income | 495 |  | 495
| Total | 16,903 |  | 31,899

| 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.

6. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 15,141 |  | 13,412
| Total | 15,141 |  | 13,412