ARG Projects Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

ARG Projects Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13143990 . The registered office is The Whitehouse, Greenall's Avenue, Warrington, Cheshire, WA4 6HL.

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:

Plant & Machinery	3 Years Straight Line
Motor Vehicles	5 Years Straight Line

2.4. Investment Properties

Investment property is carried at fair value, as determined by management, derived from the current market prices for comparable real estate. Properties are formally revalued every three years by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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ARG Projects Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. 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: 1 (2025: 1)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost or Valuation
As at 1 February 2025	1,608	-	1,608
Additions	-	26,000	26,000

As at 31 January 2026	1,608	26,000	27,608

Depreciation
As at 1 February 2025	1,554	-	1,554
Provided during the period	20	2,175	2,195

As at 31 January 2026	1,574	2,175	3,749

Net Book Value
As at 31 January 2026	34	23,825	23,859

As at 1 February 2025	54	-	54

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ARG Projects Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Investment Property

	2026
	£
Fair Value
As at 1 February 2025	861,997
Revaluations	10,676

As at 31 January 2026	872,673

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025
	£	£
Cost	781,461	781,461

Properties purchased during the year are shown at purchase cost plus any enhancement costs. In subsequent years properties are valued at the director's best estimate based on comparable properties. An independent valuation will be carried out every three years.

An independent valuation was performed for the following:

- 112 Bostock Street was valued at £157,500.

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	30,890	25,340

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	7,769	-
Bank loans and overdrafts	-	237,265
Other creditors	93,934	171,648

	101,703	408,913

Bank Loans and Borrowings:

Interest only Loan 1 was denominated in GBP with a nominal interest rate of 13.08%.

This Loan of £63,000, secured against 4a Cross Lane, Newton le Willows, WA12 9QE was repaid in July 2025.

Interest only Loan 2 was denominated in GBP with a nominal interest rate of 12.48%.

This Loan of £174,265, secured against 68 Chester Road, Warrington, WA4 6AD was repaid in July 2025.

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ARG Projects Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	20,070	-
Bank loans	753,839	433,495

	773,909	433,495

Bank Loans and Borrowings:

Interest only mortgage 1 is denominated in GBP with an interest rate of 5.23% and the final instalment is due in February 2049. The carrying amount at the year end is £212,511 (2025: £212,511)

The mortgage is secured against 1A Ripley Street, Warrington, WA5 1PZ.

Interest only mortgage 2 is denominated in GBP with an interest rate of 3.30% and the final instalment is due in December 2049. The carrying amount at the year end is £99,013 (2025: £99,013)

The mortgage is secured against 53 Thelwall Lane, Warrington, WA4 1LJ.

Interest only mortgage 3 is denominated in GBP with an interest rate of 4.79% and the final instalment is due in April 2045. The carrying amount at the year end is £126,029 (2025: Nil)

The mortgage is secured against 112 Bostock Street, Warrington, WA5 1TU.

Interest only mortgage 4 was denominated in GBP with an interest rate of 3.99% and the final instalment was due in February 2048. The carrying amount at the year end is £Nil (2025: 121,972)

The mortgage was secured against 112 Bostock Street, Warrington, WA5 1TU and was repaid in April 2025.

Interest only mortgage 5 is denominated in GBP with an interest rate of 6.99% and the final instalment is due in July 2044. The carrying amount at the year end is £100,472 (2025: Nil)

The mortgage was secured against 2b Cross Lane, Warrington, WA12 9QE.

Interest only mortgage 6 is denominated in GBP with an interest rate of 5.14% and the final instalment is due in July 2045. The carrying amount at the year end is £215,814 (2025: Nil)

The mortgage was secured against 68 Chester Road, Warrington, WA4 6AD.

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	7,769	-
Later than one year and not later than five years	20,070	-

	27,839	-

	27,839	-

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	10	10

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ARG Projects Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

11. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 February 2025	65,235	(33,527 )
Profit for the year and total comprehensive income	-	4,712

Transfer to/from Fair value reserve	-	(8,648)
Transfer to/from Profit & Loss Account	8,648	-

As at 31 January 2026	73,883	(37,463 )

12. Related Party Transactions

The Director has made interest free loans of £93,933 (2025: £167,933) to the Company that are repayable on demand.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		23,859		54
Investment Properties	5		872,673		861,997

			896,532		862,051
CURRENT ASSETS
Debtors	6	30,890		25,340
Cash at bank and in hand		1,950		2,037

		32,840		27,377
Creditors: Amounts Falling Due Within One Year	7	(101,703 )		(408,913 )

NET CURRENT ASSETS (LIABILITIES)			(68,863 )		(381,536 )

TOTAL ASSETS LESS CURRENT LIABILITIES			827,669		480,515

Creditors: Amounts Falling Due After More Than One Year	8		(773,909 )		(433,495 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,330 )		(15,302 )

NET ASSETS			36,430		31,718

CAPITAL AND RESERVES
Called up share capital	10		10		10
Fair value reserve	11		73,883		65,235
Profit and Loss Account			(37,463 )		(33,527 )

SHAREHOLDERS' FUNDS			36,430		31,718