Company Registration No. 13198291 (England and Wales)
ARES PROJECTS LTD
Unaudited accounts
for the year ended 31 July 2025
ARES PROJECTS LTD
Unaudited accounts
Contents
ARES PROJECTS LTD
Company Information
for the year ended 31 July 2025
Directors
Lukasz Chmielnicki
Charles Vicente
Company Number
13198291 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
WC2H 9JQ
ENGLAND
Accountants
ACCOUNTANCY SPECIALIST LIMITED
Flat 9, Hollybush Gardens
London
E2 9QT
ARES PROJECTS LTD
Statement of financial position
as at 31 July 2025
Tangible assets
1,445
3,855
Cash at bank and in hand
2,164
2,098
Creditors: amounts falling due within one year
(154,132)
(111,528)
Net current liabilities
(146,124)
(17,856)
Net liabilities
(144,679)
(14,001)
Called up share capital
200
200
Profit and loss account
(144,879)
(14,201)
Shareholders' funds
(144,679)
(14,001)
For the year ending 31 July 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 27 July 2026 and were signed on its behalf by
Charles Vicente
Director
Company Registration No. 13198291
ARES PROJECTS LTD
Notes to the Accounts
for the year ended 31 July 2025
ARES PROJECTS LTD is a private company, limited by shares, registered in England and Wales, registration number 13198291. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, ENGLAND.
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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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line basis
The company experienced exponential growth, and following a comprehensive review of the business structure, the Directors have eliminated loss-making activities and clearly defined the company's market niche. The Directors have implemented strategic operational changes and cost-control measures to address the deficit. The Directors have agreed to cover the loss on the balance sheet and continue to do so. Given these improvements and the anticipated return to profitability in the upcoming financial reporting period, the Directors consider the going concern basis of accounting to remain appropriate.
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Tangible fixed assets
Total
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Average number of employees
During the year the average number of employees was 7 (2024: 7).