Arnel (Holdings) Limited 31/07/2019 iXBRL
Arnel (Holdings) Limited 31/07/2019 iXBRL
Company registration number:
05230586
Trading as
Arnel (Holdings) Limited
Unaudited filleted financial statements
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Director |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Statement of financial position
31 July 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 4 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 6 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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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;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
11 March 2020
, and are signed on behalf of the board by:
Director
Company registration number:
05230586
Statement of changes in equity
Year ended 31 July 2019
Called up share capital | Share premium account | Profit and loss account | Total | |||
£ | £ | £ | £ | |||
At 1 August 2017 |
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Profit for the year |
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Other comprehensive income for the year: | ||||||
Revaluation of intangible assets other than goodwill |
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Foreign currency retranslation |
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Total comprehensive income for the year | - | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - | - |
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At 31 July 2018 and 1 August 2018 |
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Profit for the year |
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Total comprehensive income for the year | - | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - | - |
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At 31 July 2019 |
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Notes to the financial statements
Year ended 31 July 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 37 Marlowes, 37 Marlowes, Hemel Hempstead, Herts, HP1 1LD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
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:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
4.
Tangible assets
Freehold property | Total | ||
£ | £ | ||
Cost | |||
At 1 August 2018 and 31 July 2019 |
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Depreciation | |||
At 1 August 2018 and 31 July 2019 | - | - | |
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Carrying amount | |||
At 31 July 2019 |
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At 31 July 2018 |
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5.
Debtors
2019 | 2018 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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6.
Creditors: amounts falling due within one year
2019 | 2018 | |||
£ | £ | |||
Trade creditors |
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Corporation tax |
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Other creditors |
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_______ | _______ | |||
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7.
Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company: | ||||
2019 | ||||
Balance brought forward | Advances /(credits) to the director | Balance o/standing | ||
£ | £ | £ | ||
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2018 | ||||
Balance brought forward | Advances /(credits) to the director | Balance o/standing | ||
£ | £ | £ | ||
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8.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value | Balance owed by/(owed to) | ||||
2019 | 2018 | 2019 | 2018 | ||
£ | £ | £ | £ | ||
Arnel Properties Limited (interest free loan) | 30,083 | 61,396 | 768,385 | 738,302 | |
_______ | _______ | _______ | _______ | ||
Arnel Properties Limited are related by virtue of common control.