Archway Apartments Limited - Accounts to registrar (filleted) - small 18.2
Archway Apartments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 March 2021 |
| for |
| ARCHWAY APARTMENTS LIMITED |
| ARCHWAY APARTMENTS LIMITED (REGISTERED NUMBER: 09180845) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| ARCHWAY APARTMENTS LIMITED |
| Company Information |
| for the Year Ended 31 March 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 42 Lytton Road |
| Barnet |
| Hertfordshire |
| EN5 5BY |
| ARCHWAY APARTMENTS LIMITED (REGISTERED NUMBER: 09180845) |
| Balance Sheet |
| 31 March 2021 |
| 31.3.21 | 31.3.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ARCHWAY APARTMENTS LIMITED (REGISTERED NUMBER: 09180845) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2021 |
| 1. | STATUTORY INFORMATION |
| Archway Apartments Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Work in progress is valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items. |
| Cost includes all purchase, transport and handling costs bringing stocks to their present location and condition. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Going concern |
| The accounts have been prepared on a going concern basis, since in the opinion of the directors, it is appropriate to assume that the company will receive the continued support from its shareholders and creditors. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2020 - NIL). |
| ARCHWAY APARTMENTS LIMITED (REGISTERED NUMBER: 09180845) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| Additions |
| At 31 March 2021 |
| DEPRECIATION |
| Charge for year |
| At 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2020 |
| and 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| At 31 March 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.21 | 31.3.20 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| VAT |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.21 | 31.3.20 |
| £ | £ |
| Other loans (see note 8) |
| Trade creditors |
| Amounts owed to group undertakings |
| Other creditors |
| Loan - JLA | 809,887 | 711,250 |
| Loan - L Gami Trust | 941,667 | 941,667 |
| Loan - R Gami Trust | 941,667 | 941,667 |
| Loan - G Gami Trust | 941,667 | 941,667 |
| Accruals and deferred income |
| ARCHWAY APARTMENTS LIMITED (REGISTERED NUMBER: 09180845) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2021 |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.3.21 | 31.3.20 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Other loans |
| 9. | RELATED PARTY DISCLOSURES |
| At the balance sheet date, other creditors figure included an amounts payable to Financial Management Limited £809,887 (2020: £711,250) a share holder in the company. Interest charged on the balance due @6% p.a. |
| As at balance sheet date, an amount of £406,967 (2020: £147,750) was owed to Investland Ltd, a company in which Mr J P Gerrard and Mr M Gerrard are also directors. |
| As at balance sheet date, an amount of £160,000 (2020: £115,000) was owed to Shapes & Things Ltd, a company in which Mr J P Gerrard is also a director. |
| As at balance sheet date, an amount of £110,000 (2020: £65,000) was owed to Arctic Estates Dalston Ltd, a company in which Mr M Gerrard is also a director. |