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Registered number: 11087492 (England and Wales)
TA ARCH UK LIMITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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COMPANY INFORMATION
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P J Skelly (resigned 3 June 2026)
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A Bajaj (appointed 27 May 2026)
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TA ARCH UK LIMITED
REGISTERED NUMBER:11087492
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BALANCE SHEET
AS AT 31 MARCH 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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TA ARCH UK LIMITED
REGISTERED NUMBER:11087492
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BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 6 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
1.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The directors have a reasonable expectation that the company has adequate resources to continue operatonal existence for a period of 12 months from the date of approval of these financial statement For this reason, the directors continue to adopt the going concern basis.
Rental income from investment properties is recognised in profit or loss on a straight-line basis over the term of the lease. Lease incentives granted to tenants, including rent-free periods and other inducements, are recognised as an integral part of the total rental income from the lease and are allocated over the lease term on a straight-line basis, resulting in a reduction of rental income over that period.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
1.Accounting policies (continued)
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company has no employees other than the director, who did not receive any remuneration.
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The director has applied judgement in assessing the fair value of investment property in the absence of a current external valuation. They have considered market conditions and available information and concluded that there is no material difference between the carrying value and fair value at the reporting date.
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Prepayments and accrued income
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 2-5 years
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The loan is secured on certain of the investment properties held by the Company.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Allotted, called up and fully paid
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886,000 (2025 - 886,000) Ordinary shares shares of £1 each
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During the year, the company identified errors in the prior year financial statements relating to the accounting treatment of an interest-only mortgage.
The mortgage balance had been incorrectly presented on the balance sheet, with amounts split between “due within one year” and “due after more than one year.” As the mortgage is interest-only, the full principal balance should be classified as a non-current liability, except where any amounts are contractually due within 12 months.
In addition, two months of mortgage payments were incorrectly offset against the mortgage liability. These payments related to interest and should have been recognised as finance costs in the profit and loss account.
The following entries were made to correct this:
- Loan interest payable increased by £4,904
- Mortgage loan liability increased by £4,904
- Mortagage loan liabiity due within 1 year decreased by £24,562
- Mortagage loan liabiity due after 1 year increased by £24,562
The total effect of the above adjustment on retained earnings brought forward is £4,094.
The directors confirm that, as at the balance sheet date, the company was not controlled by any individual
shareholder and therefore there is no identified ultimate controlling party.
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Post balance sheet events
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There were no adjusting or non-adjusting events occuring between the end of the reporting period and the date these financial statements were approved.
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