ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

ARENA TRANSPORT LIMITED - Company Information

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Caseware UK (AP4) 2019.0.131 2019.0.131 2020-03-312020-03-312019-04-01falseProvider of transport00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10676635 2019-04-01 2020-03-31 10676635 2018-04-01 2019-03-31 10676635 2020-03-31 10676635 2019-03-31 10676635 2018-04-01 10676635 c:Director3 2019-04-01 2020-03-31 10676635 d:CurrentFinancialInstruments 2020-03-31 10676635 d:CurrentFinancialInstruments 2019-03-31 10676635 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-31 10676635 d:CurrentFinancialInstruments d:WithinOneYear 2019-03-31 10676635 d:ShareCapital 2019-04-01 2020-03-31 10676635 d:ShareCapital 2020-03-31 10676635 d:ShareCapital 2018-04-01 2019-03-31 10676635 d:ShareCapital 2019-03-31 10676635 d:ShareCapital 2018-04-01 10676635 c:FRS102 2019-04-01 2020-03-31 10676635 c:AuditExempt-NoAccountantsReport 2019-04-01 2020-03-31 10676635 c:FullAccounts 2019-04-01 2020-03-31 10676635 c:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31 iso4217:GBP xbrli:pure

Registered number: 10676635









ARENA TRANSPORT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2020
 
ARENA TRANSPORT LIMITED
REGISTERED NUMBER: 10676635

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2020

2020
2019
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
137,500
137,528

Cash at bank and in hand
 5 
2,080
2,241

  
139,580
139,769

Creditors: amounts falling due within one year
 6 
(137,580)
(137,769)

Net current assets
  
 
 
2,000
 
 
2,000

Total assets less current liabilities
  
2,000
2,000

  

Net assets
  
2,000
2,000


Capital and reserves
  

Called up share capital 
  
2,000
2,000

  
2,000
2,000


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2020.




S Goodenough
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 1
 
ARENA TRANSPORT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2020


Called up share capital
Total equity

£
£

At 1 April 2019
2,000
2,000


Other comprehensive income for the year
-
-


Total comprehensive income for the year
-
-


Total transactions with owners
-
-


At 31 March 2020
2,000
2,000


The notes on pages 4 to 6 form part of these financial statements.

Page 2
 
ARENA TRANSPORT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2019


Called up share capital
Total equity

£
£

At 1 April 2018
2,000
2,000


Other comprehensive income for the year
-
-


Total comprehensive income for the year
-
-


Total transactions with owners
-
-


At 31 March 2019
2,000
2,000


The notes on pages 4 to 6 form part of these financial statements.

Page 3
 
ARENA TRANSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1.


General information

Arena Transport Limited is a private company limited by shares and incorporated in England under registered number 10676635. Its registered office is at 2 Betts Avenue, Martlesham Heath, Ipswich, Suffolk IP5 3RH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes of transport arrangements provided to its holding company for departures  up to 31 March 2020. 

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2019 - £NIL). All directors were paid from the parent company Arena Tours Limited.

Page 4
 
ARENA TRANSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

4.


Debtors

2020
2019
£
£


Amounts owed by group undertakings
137,500
-

Other debtors
-
137,528

137,500
137,528



5.


Cash and cash equivalents

2020
2019
£
£

Cash at bank and in hand
2,080
2,241

2,080
2,241



6.


Creditors: Amounts falling due within one year

2020
2019
£
£

Amounts owed to group undertakings
-
137,769

Other taxation and social security
137,500
-

Other creditors
80
-

137,580
137,769



7.


Related party transactions

Arena Tours Limited holds 100 % shares in the Company. The Company provided transport services to Arena Tours Ltd. during the year  amounting to £7,680,659 (2019: £6,667,723). Amount due from the related party ( included in debtors less than one year) £137,500 (2019 : Amount due to the related party included in creditors less than one year £137,769). During the year the Company paid management fees to Arena Tours Ltd. amounting to £1,419,448 (2019: £1,570,938). There were no amounts outstanding at the year end.     


8.


Controlling party

In the opinion of the directors there is no controlling party.     

Page 5
 
ARENA TRANSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

9.


Holding company

The immediate and ultimate holding company is Arena Tours Limited, registered in England and Wales, under company number 02431120 and registered office at  2 Betts Avenue, Martlesham Heath, Ipswich, Suffolk, IP5 3RH and owns 100% of the issued share capital in the Company. 

 
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