Active Rights Management Limited 31/01/2023 iXBRL

Active Rights Management Limited 31/01/2023 iXBRL

ACTIVE RIGHTS MANAGEMENT LIMITED - Company Information

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2 31/01/2023 2023-01-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-02-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 03698875 2022-02-01 2023-01-31 03698875 2023-01-31 03698875 2022-01-31 03698875 2021-02-01 2022-01-31 03698875 2022-01-31 03698875 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 03698875 bus:RegisteredOffice 2022-02-01 2023-01-31 03698875 bus:Director1 2022-02-01 2023-01-31 03698875 bus:Director2 2022-02-01 2023-01-31 03698875 bus:CompanySecretary1 2022-02-01 2023-01-31 03698875 core:FurnitureFittingsToolsEquipment 2022-01-31 03698875 core:FurnitureFittingsToolsEquipment 2023-01-31 03698875 core:WithinOneYear 2023-01-31 03698875 core:WithinOneYear 2022-01-31 03698875 core:ShareCapital 2023-01-31 03698875 core:ShareCapital 2022-01-31 03698875 core:RetainedEarningsAccumulatedLosses 2023-01-31 03698875 core:RetainedEarningsAccumulatedLosses 2022-01-31 03698875 core:FurnitureFittingsToolsEquipment 2022-01-31 03698875 bus:Director1 2022-01-31 03698875 bus:Director1 2023-01-31 03698875 bus:Director1 2021-01-31 03698875 bus:Director1 2022-01-31 03698875 bus:Director1 2021-02-01 2022-01-31 03698875 bus:SmallEntities 2022-02-01 2023-01-31 03698875 bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 03698875 bus:FullAccounts 2022-02-01 2023-01-31 03698875 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 03698875 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
Company registration number: 03698875
Active Rights Management Limited
Unaudited filleted financial statements
31 January 2023
Active Rights Management Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Active Rights Management Limited
Directors and other information
Directors Mrs C A Townley
Mr C S Townley
Secretary Sekforde Street Nominees Limited
Company number 03698875
Registered office 58 Winchester Street
London
W3 8PF
Active Rights Management Limited
Statement of financial position
31 January 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 1,901 2,570
_______ _______
1,901 2,570
Current assets
Stocks 1,500 4,500
Debtors 6 2,008,911 820,878
Cash at bank and in hand 33,303 1,324,212
_______ _______
2,043,714 2,149,590
Creditors: amounts falling due
within one year 7 ( 9,370) ( 71,835)
_______ _______
Net current assets 2,034,344 2,077,755
_______ _______
Total assets less current liabilities 2,036,245 2,080,325
_______ _______
Net assets 2,036,245 2,080,325
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,036,243 2,080,323
_______ _______
Shareholders funds 2,036,245 2,080,325
_______ _______
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 24 October 2023 , and are signed on behalf of the board by:
Mrs C A Townley
Director
Company registration number: 03698875
Active Rights Management Limited
Notes to the financial statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 58 Winchester Street, London, W3 8PF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Fittings fixtures and equipment - 25 % straight line
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 February 2022 14,014 14,014
Additions 371 371
Disposals ( 6,427) ( 6,427)
_______ _______
At 31 January 2023 7,958 7,958
_______ _______
Depreciation
At 1 February 2022 11,444 11,444
Charge for the year 1,040 1,040
Disposals ( 6,427) ( 6,427)
_______ _______
At 31 January 2023 6,057 6,057
_______ _______
Carrying amount
At 31 January 2023 1,901 1,901
_______ _______
At 31 January 2022 2,570 2,570
_______ _______
6. Debtors
2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 63,792 352
Other debtors 1,945,119 820,526
_______ _______
2,008,911 820,878
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 76 73
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 22,195
Corporation tax - 43,760
Social security and other taxes 5,048 2,328
Other creditors 4,246 3,479
_______ _______
9,370 71,835
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mrs C A Townley 25,501 8,078 ( 34,201) ( 622)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mrs C A Townley 219,027 ( 193,526) - 25,501
_______ _______ _______ _______
9. Controlling party
The report entity is wholly owned by Mountain Gap Limited, a company registered in England and Wales, whose address is at 58 Winchester Street, London, W3 8PF.