ARETE MERCH LTD


Director	ODUMADE, Oluwakorede Ayomide


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


Registered Number	11542105 (England and Wales)

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.

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.

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.

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:

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