ARKS UK R&D LTD

Company Registration Number:
15869189 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2026

Period of accounts

Start date: 01 August 2025

End date: 31 July 2026

ARKS UK R&D LTD

Contents of the Financial Statements

for the Period Ended 31 July 2026

Balance sheet
Notes

ARKS UK R&D LTD

Balance sheet

As at 31 July 2026


Notes
2026
2025


£
£
Fixed assets
Intangible assets: 3 659,358 0
Total fixed assets: 659,358 0
Current assets
Stocks: 300,000 300,000
Debtors: 4 360,000 360,000
Total current assets: 660,000 660,000
Creditors: amounts falling due within one year: 5 (1,319,358) (660,000)
Net current assets (liabilities): (659,358) 0
Total assets less current liabilities: 0 0
Total net assets (liabilities): 0 0
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (1) (1)
Shareholders funds: 0 0

The notes form part of these financial statements

ARKS UK R&D LTD

Balance sheet statements

For the year ending 31 July 2026 the company was entitled to exemption 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 this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 03 August 2026
and signed on behalf of the board by:

Name: Adam Thorpe
Status: Director

The notes form part of these financial statements

ARKS UK R&D LTD

Notes to the Financial Statements

for the Period Ended 31 July 2026

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Intangible fixed assets and amortisation policy

The ARKS IP bundle comprising the UK trademark, domain www.arks.com, copyright, know-how and goodwill was acquired separately by the director and assigned to the company on 23 July 2026 at a value of £659,357.98, being the documented personal acquisition cost. The directors consider the intangible assets to have an indefinite useful life on the basis that the ARKS registered trademark is renewable indefinitely. Accordingly no amortisation is charged and an annual impairment review is carried out.

Valuation and information policy

Stocks are stated at the lower of cost and net realisable value. Where individual items within a group have different stages of completion each group is valued at its specific cost.

Other accounting policies

Basic financial instruments are recognised at transaction price. Trade debtors are recognised at transaction price and reviewed for impairment at each balance sheet date. The company has taken advantage of the small companies exemption from preparing a cash flow statement.

ARKS UK R&D LTD

Notes to the Financial Statements

for the Period Ended 31 July 2026

2. Employees

2026 2025
Average number of employees during the period 1 1

ARKS UK R&D LTD

Notes to the Financial Statements

for the Period Ended 31 July 2026

3. Intangible Assets

Total
Cost £
At 01 August 2025 0
Additions 659,358
Disposals 0
Revaluations 0
Transfers 0
At 31 July 2026 659,358
Amortisation
At 01 August 2025 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 July 2026 0
Net book value
At 31 July 2026 659,358
At 31 July 2025 0

The intangible assets comprise the ARKS IP bundle assigned to the company by Adam Thorpe (director) on 23 July 2026 at a value of £659,357.98, being the documented personal acquisition cost. The bundle includes the UK registered trademarks, domain www.arks.com, copyright, know-how and goodwill. Design Rights are excluded and are retained personally by the director. The directors consider the assets to have an indefinite useful life on the basis that the ARKS registered trademark is renewable indefinitely. No amortisation has been charged. An annual impairment review has been carried out and no impairment is considered necessary.

ARKS UK R&D LTD

Notes to the Financial Statements

for the Period Ended 31 July 2026

4. Debtors

2026 2025
££
Debtors due after more than one year: 0 0

Debtors of £360,000 (2025: £360,000) represents amounts owed by Stars UK R&D Ltd in respect of 4 part-built chassis sold on 30 June 2025. Stars UK R&D Ltd is a connected company by virtue of a shared director and Person with Significant Control, Adam Thorpe. The full balance remained outstanding at 31 July 2026. The director considers the debt fully recoverable.

ARKS UK R&D LTD

Notes to the Financial Statements

for the Period Ended 31 July 2026

5. Creditors: amounts falling due within one year note

Creditors of £1,319,358 (2025: £660,000) represents the Director's Loan Account balance owed to Adam Thorpe comprising two entries reflecting assets assigned to the company by the director at their documented cost. Both balances are unsecured and interest free. Repayment will be made at such time as the company's cash resources permit.

ARKS UK R&D LTD

Notes to the Financial Statements

for the Period Ended 31 July 2026

6. Related party transactions

Name of the related party: Adam Thorpe
Relationship:
Director and Person with Significant Control
Description of the Transaction: The ARKS IP bundle comprising the UK registered trademark, domain www.arks.com, copyright, know-how and goodwill was assigned to the company by the director on 23 July 2026 at documented personal acquisition cost. The balance is recorded within the Director's Loan Account.
£
Balance at 01 August 2025 0
Balance at 31 July 2026 659,358
Name of the related party: Stars UK R&D Ltd
Relationship:
Connected Company - shared Director and PSC Adam Thorpe
Description of the Transaction: 4 part-built chassis sold on 30 June 2025. The balance of £360,000 remained outstanding at 31 July 2026.
£
Balance at 01 August 2025 360,000
Balance at 31 July 2026 360,000
Name of the related party: Arks Leasing Ltd
Relationship:
Connected company sole director and shareholder Adam Thorpe
Description of the Transaction: ARKS Leasing Ltd was incorporated on 20 July 2026 as a connected company under common ownership. No transactions occurred between the companies during the period ended 31 July 2026. ARKS Leasing Ltd was established to acquire completed ARKS units from Arks UK R&D Ltd in the ordinary course of business.
£
Balance at 01 August 2025 0
Balance at 31 July 2026 0