ARCH PROPERTIES LTD
|
Registered number: |
08858623
|
Balance Sheet |
as at 31 January 2021
|
|
Notes |
|
|
2021 |
|
|
2020 |
£ |
£ |
Fixed assets |
Investment properties |
3 |
|
|
1,885,551 |
|
|
950,000 |
|
Current assets |
Debtors |
4 |
|
75,263 |
|
|
76,846 |
Cash at bank and in hand |
|
|
190,273 |
|
|
436,890 |
|
|
|
265,536 |
|
|
513,736 |
|
Creditors: amounts falling due within one year |
5 |
|
(357,985) |
|
|
(352,324) |
|
Net current (liabilities)/assets |
|
|
|
(92,449) |
|
|
161,412 |
|
Total assets less current liabilities |
|
|
|
1,793,102 |
|
|
1,111,412 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(1,085,602) |
|
|
(515,231) |
|
Provisions for liabilities - Deffered tax |
|
|
|
(80,767) |
|
|
(80,767) |
|
Net assets |
|
|
|
626,733 |
|
|
515,414 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Revaluation reserve |
7 |
|
|
344,324 |
|
|
344,324 |
Profit and loss account |
|
|
|
282,309 |
|
|
170,990 |
|
Shareholders' funds |
|
|
|
626,733 |
|
|
515,414 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
Mr Jagjit Singh Nanda |
Director |
Approved by the board on 30.12.2021
|
|
ARCH PROPERTIES LTD
|
Notes to the Accounts |
for the year ended 31 January 2021
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration for rent received and receivable, net of discounts and value added taxes.
|
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
|
|
|
2 |
Employees |
2021 |
|
2020 |
Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
3 |
Investments |
Investments in |
properties |
|
£ |
|
Fair value |
|
At 1 February 2020 |
950,000 |
|
Additions |
935,551 |
|
|
At 31 January 2021 |
1,885,551 |
|
|
As per FRS 102 the director has revalued the property on the basis of current market value (fair value) which has been representated on the financial statement. The gain or loss is provided to revaluation reserve. |
|
4 |
Debtors |
2021 |
|
2020 |
£ |
£ |
|
|
Trade debtors |
70,712 |
|
- |
|
Other debtors |
|
- |
|
71,420 |
|
Other debtors - prepayment |
4,551 |
|
5,426 |
|
|
|
|
|
|
75,263 |
|
76,846 |
|
|
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
£ |
£ |
|
|
Bank loans and overdrafts |
25,237 |
|
23,640 |
|
Taxation and social security costs |
29,785 |
|
26,431 |
|
Other creditors |
302,963 |
|
302,253 |
|
|
|
|
|
|
357,985 |
|
352,324 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2021 |
|
2020 |
£ |
£ |
|
|
Bank loans |
720,992 |
|
337,135 |
|
Other creditors |
364,610 |
|
178,096 |
|
|
|
|
|
|
1,085,602 |
|
515,231 |
|
|
|
|
|
|
|
|
|
|
The bank loans are secured by first charge over the company's properties. |
|
7 |
Revaluation reserve |
2021 |
|
2020 |
£ |
£ |
|
|
At 1 February 2020 |
344,324 |
|
425,091 |
|
Deferred taxation arising on the revaluation of investment properties |
- |
|
(80,767) |
|
|
At 31 January 2021 |
344,324 |
|
344,324 |
|
|
|
|
|
|
|
|
|
|
8 |
Other information |
|
|
ARCH PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
40 Shelley Crescent |
|
Hounslow |
|
England |
|
TW5 9BJ |