Arena UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05366084

ARENA UK LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR YEAR ENDED

28 February 2025

ARENA UK LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		3,825,567	3,774,591

Current assets

Stocks		6,883	6,587
Debtors	6	61,308	99,134
		---------	----------
		68,191	105,721

Creditors: amounts falling due within one year	7	( 1,153,758)		( 1,001,958)
		-------------		-------------
Net current liabilities			( 1,085,567)	( 896,237)
			-------------	-------------
Total assets less current liabilities			2,740,000	2,878,354

Creditors: amounts falling due after more than one year	8	( 1,725,124)	( 2,007,638)
		-------------	-------------
Net assets		1,014,876	870,716
		-------------	-------------

ARENA UK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	6,000,000	6,000,000
Profit and loss account	( 4,985,124)	( 5,129,284)
	-------------	-------------
Shareholders funds	1,014,876	870,716
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 November 2025 , and are signed on behalf of the board by:

N Oley

Director

Company registration number: 05366084

ARENA UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Willow Top Farm, Allington, Notts, NG32 2EF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity. Going concern Following a major restructure of the business the company has now started to report profits. The company however remains dependant on the continued financial support of the directors and the bank. The directors have agreed to continue to provide this support to the company for the foreseeable future, and they are not aware of any reason why the overdraft facility may be withdrawn. In light of the above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least 12 months from the accounts being signed.

Judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, which are described in note 3, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The only judgement (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies is to class the majority of loans from the main shareholder and a Director of the company as repayable over one year.

Revenue recognition

The turnover shown in the profit and loss account represents the value of all work done during the period, exclusive of Value Added Tax. Turnover is recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the sale have been transferred to the customer.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	1% straight line
Plant & machinery	-	20% reducing balance / 5 years straight line
Fixtures & fittings	-	25% reducing balance / 3-5 years straight line
Motor vehicles	-	25% reducing balance

Freehold Property is depreciated at a rate of 1% straight line, however no charge is recognised on the grounds of immateriality. Freehold Property is subject to regular maintenance and repair such that in the directors opinion the residual value is not materially different from the value in the financial statements and has a long useful economic life.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are valued at the lower of cost and net realisable value, on a first-in-first-out basis, after making due allowance for obsolete and slow moving items. Cost is based on purchase price.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 27 (2024: 41 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 March 2024	4,147,330	526,735	534,701	33,489	5,242,255
Additions	129,744	102,105	33,849	1,400	267,098
Disposals	–	( 15,500)	( 1,131)	–	( 16,631)
	-------------	----------	----------	---------	-------------
At 28 February 2025	4,277,074	613,340	567,419	34,889	5,492,722
	-------------	----------	----------	---------	-------------
Depreciation
At 1 March 2024	602,708	399,573	439,367	26,016	1,467,664
Charge for the year	132,019	58,183	23,264	1,751	215,217
Disposals	–	( 15,500)	( 226)	–	( 15,726)
	-------------	----------	----------	---------	-------------
At 28 February 2025	734,727	442,256	462,405	27,767	1,667,155
	-------------	----------	----------	---------	-------------
Carrying amount
At 28 February 2025	3,542,347	171,084	105,014	7,122	3,825,567
	-------------	----------	----------	---------	-------------
At 29 February 2024	3,544,622	127,162	95,334	7,473	3,774,591
	-------------	----------	----------	---------	-------------

The company applied the transitional arrangements of Section 35 of FRS 102 and used a previous valuation as the deemed cost for certain Freehold properties which were revalued on 1 January 2014 by independent valuers. The carrying value of the land and buildings valued at the date of transition to FRS 102 using the deemed cost exemption was £3,150,000 and the historical cost equivalent at the time was £3,389,926.

6. Debtors

	2025	2024
	£	£
Trade debtors	4,853	60,130
Other debtors	56,455	39,004
	---------	---------
	61,308	99,134
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	124,821	130,045
Trade creditors	124,356	102,521
Accruals and deferred income	25,521	45,893
Social security and other taxes	82,139	97,986
Obligations under finance leases and hire purchase contracts	33,284	13,987
Director loan accounts	268,150	115,839
Other creditors	495,487	495,687
	-------------	-------------
	1,153,758	1,001,958
	-------------	-------------

Other creditors includes loans to related parties amounting to £477,525 (2024 - £477,463).

Bank loans and overdrafts are secured against land on Allington Lane.

Hire purchase liabilities are secured on the assets concerned.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	50,037	78,226
Obligations under finance leases and hire purchase contracts	37,020	27,495
Other creditors	1,638,067	1,901,917
	-------------	-------------
	1,725,124	2,007,638
	-------------	-------------

Other creditors are loans to the Directors.

Bank loans are secured against land on Allington Lane.

Hire purchase liabilities are secured on the assets concerned.

The bank loan, which is repaid by monthly installments, carries a market rate of interest.