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Arks Ventures Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2026
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Directors Mrs Sanjana Kunjal Haria
Mr Kunjal Chandrakant Haria
Secretary Mrs Sanjana Kunjal Haria
Company Number 08623118
Registered Office Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
Accountants Capitax Financial Ltd
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
Page 1
Page 2
Balance Sheet
Registered number: 08623118
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 581 1,125
581 1,125
CURRENT ASSETS
Debtors 5 1,033,386 997,805
Cash at bank and in hand 52,851 64,904
1,086,237 1,062,709
Creditors: Amounts Falling Due Within One Year 6 (290,357 ) (231,099 )
NET CURRENT ASSETS (LIABILITIES) 795,880 831,610
TOTAL ASSETS LESS CURRENT LIABILITIES 796,461 832,735
PROVISIONS FOR LIABILITIES
Deferred Taxation (110 ) (214 )
NET ASSETS 796,351 832,521
CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 100 100
Profit and Loss Account 796,151 832,321
SHAREHOLDERS' FUNDS 796,351 832,521
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Page 3
For the year ending 31 July 2026 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kunjal Chandrakant Haria
Director
11/08/2026
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Arks Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08623118 . The registered office is Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex, HA7 1JS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2025: 4)
4 4
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2025 3,980
As at 31 July 2026 3,980
Depreciation
As at 1 August 2025 2,855
Provided during the period 544
As at 31 July 2026 3,399
Net Book Value
As at 31 July 2026 581
As at 1 August 2025 1,125
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 42,261 31,680
Other debtors 991,125 966,125
1,033,386 997,805
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Other creditors 220,181 193,513
Taxation and social security 70,176 37,586
290,357 231,099
7. Directors Advances, Credits and Guarantees
During the year ended 31 July 2026, Arks Ventures Ltd owed £168,582 to its directors. This amount is reflected in their respective director's loan accounts in credit balances, which is shown as part of Other creditors under Creditors due within one year. Please be advised that both the directors have agreed to provide this loan on an interest free basis and the loan is repayable on demand.
8. Related Party Transactions
During the year ended 31 July 2026, Arks Ventures Ltd provided short-term loan of £991,125 to its related company. This amount is shown as Other debtors under Debtors due within one year. Please be advised that the loan was provided on an interest free basis and the loan is repayable on demand. Additionally, Arks Ventures Ltd owed £41,670 to the shareholders. This amount is shown as part of Other creditors under Creditors due within one year. Please be advised that the shareholder have agreed to provide this loan on an interest free basis and the loan is payable on demand.
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