Arella Capital Limited Filleted accounts for Companies House (small and micro)

Arella Capital Limited Filleted accounts for Companies House (small and micro)

ARELLA CAPITAL LIMITED - Company Information

Print Friendly Version

1 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 6,681 634 7,315 5,701 738 6,439 876 980 27,625 45,000 72,625 72,625 27,625 xbrli:pure xbrli:shares iso4217:GBP 07560638 2022-04-01 2023-03-31 07560638 2023-03-31 07560638 2022-03-31 07560638 2021-04-01 2022-03-31 07560638 2022-03-31 07560638 bus:Director1 2022-04-01 2023-03-31 07560638 core:WithinOneYear 2023-03-31 07560638 core:WithinOneYear 2022-03-31 07560638 core:ShareCapital 2023-03-31 07560638 core:ShareCapital 2022-03-31 07560638 core:RetainedEarningsAccumulatedLosses 2023-03-31 07560638 core:RetainedEarningsAccumulatedLosses 2022-03-31 07560638 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 07560638 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 07560638 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 07560638 core:Non-currentFinancialInstruments 2023-03-31 07560638 core:Non-currentFinancialInstruments 2022-03-31 07560638 bus:Director1 2022-03-31 07560638 bus:Director1 2023-03-31 07560638 bus:Director1 2021-03-31 07560638 bus:Director1 2022-03-31 07560638 bus:Director1 2021-04-01 2022-03-31 07560638 bus:SmallEntities 2022-04-01 2023-03-31 07560638 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07560638 bus:FullAccounts 2022-04-01 2023-03-31 07560638 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07560638 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07560638 core:OfficeEquipment 2022-04-01 2023-03-31 07560638 core:OfficeEquipment 2022-03-31 07560638 core:OfficeEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: 07560638
Arella Capital Limited
Filleted Unaudited Financial Statements
31 March 2023
Arella Capital Limited
Balance Sheet
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
876
980
Investments
6
72,625
27,625
--------
--------
73,501
28,605
Current assets
Debtors
7
482,294
453,942
Cash at bank and in hand
298,179
61,197
---------
---------
780,473
515,139
Creditors: amounts falling due within one year
8
88,143
48,580
---------
---------
Net current assets
692,330
466,559
---------
---------
Total assets less current liabilities
765,831
495,164
---------
---------
Net assets
765,831
495,164
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
765,731
495,064
---------
---------
Shareholders funds
765,831
495,164
---------
---------
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 profit and loss account has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Arella Capital Limited
Balance Sheet (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 19 December 2023 , and are signed on behalf of the board by:
Mr J. P. Chapman
Director
Company registration number: 07560638
Arella Capital Limited
Notes to the Financial Statements
Year ended 31 March 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 A3 Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents the trading income earned in the year and is measured at the fair value of the consideration received or receivable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:
Office equipment
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2022
6,681
6,681
Additions
634
634
-------
-------
At 31 March 2023
7,315
7,315
-------
-------
Depreciation
At 1 April 2022
5,701
5,701
Charge for the year
738
738
-------
-------
At 31 March 2023
6,439
6,439
-------
-------
Carrying amount
At 31 March 2023
876
876
-------
-------
At 31 March 2022
980
980
-------
-------
6. Investments
Other loans
£
Cost
At 1 April 2022
27,625
Additions
45,000
--------
At 31 March 2023
72,625
--------
Impairment
At 1 April 2022 and 31 March 2023
–
--------
Carrying amount
At 31 March 2023
72,625
--------
At 31 March 2022
27,625
--------
7. Debtors
2023
2022
£
£
Other debtors
482,294
453,942
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
212
–
Corporation tax
84,599
28,692
Social security and other taxes
119
–
Other creditors
3,213
19,888
--------
--------
88,143
48,580
--------
--------
9. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2023
2022
£
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
787,745
504,116
---------
---------
Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at fair value through profit or loss
3,524
1,988
-------
-------
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J. P. Chapman
( 18,568)
16,825
( 1,743)
--------
--------
-------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J. P. Chapman
( 2,558)
( 16,010)
( 18,568)
-------
--------
--------