ARENASTAR LIMITED

ARENASTAR LIMITED

ARENASTAR LIMITED - Company Information

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ARENASTAR LIMITED

Company Registration Number:
03944630 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

ARENASTAR LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

ARENASTAR LIMITED

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 1,110,931 1,114,568
Investments: 4 12,787 13,569
Total fixed assets: 1,123,718 1,128,137
Current assets
Debtors:   0 55,544
Cash at bank and in hand: 268,547 424,909
Investments: 5 584,107 594,757
Total current assets: 852,654 1,075,210
Creditors: amounts falling due within one year:   (6,083) (57,925)
Net current assets (liabilities): 846,571 1,017,285
Total assets less current liabilities: 1,970,289 2,145,422
Total net assets (liabilities): 1,970,289 2,145,422
Capital and reserves
Called up share capital: 538,710 560,009
Revaluation reserve:6151,582157,575
Profit and loss account: 1,279,997 1,427,838
Shareholders funds: 1,970,289 2,145,422

The notes form part of these financial statements

ARENASTAR LIMITED

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 December 2021
and signed on behalf of the board by:

Name: Iain Donald Wood
Status: Director

The notes form part of these financial statements

ARENASTAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ARENASTAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 0 0

ARENASTAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible Assets

Total
Cost £
At 01 April 2020 1,114,568
Additions 38,753
Disposals (42,390)
At 31 March 2021 1,110,931
Net book value
At 31 March 2021 1,110,931
At 31 March 2020 1,114,568

ARENASTAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Fixed investments

Arenastar Ltd owns 500,000 shares of the issued share capital of 112,640 million shares of Rose Petroleum Plc, a company incorporated in England and Wales. Market Value as at the year end was 47.5p per share (2020: 55p per share).The art investment consists of antique rugs. An agreement to sell the antique rugs for £25,000 (Sterling) was signed on 2 December 2011. As at the date of signing the financial statements the Company had received part of the funds for this transaction and under the terms of this agreement the rugs remain the property of the Company until all cleared funds are received.

ARENASTAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Current investments

The loans are unsecured, interest free and have no fixed date for repayment.

ARENASTAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

6. Revaluation reserve

2021
£
Balance at 01 April 2020 157,575
Surplus or deficit after revaluation (5,993)
Balance at 31 March 2021 151,582

ARENASTAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

7. Related party transactions

Name of the related party:
Relationship:
Common ultimate beneficial ownership
Description of the Transaction: Loans were advanced to companies that are related parties by virtue of common beneficial ownership.
£
Balance at 01 April 2020 594,739
Balance at 31 March 2021 584,107