Ran Arc Limited - Period Ending 2023-09-30

Ran Arc Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Ran Arc Limited

Company Information

Director

M H Merran

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Ran Arc Limited

Statement of Financial Position as at 30 September 2023

	Note	2023 £	2022 £
Fixed assets
Tangible assets	4	8,559	3,743
Investments	5	958	928
		9,517	4,671
Current assets
Debtors	6	157	1,234
Cash at bank and in hand		737	24,339
		894	25,573
Creditors: Amounts falling due within one year	7	(8,956)	(6,687)
Net current (liabilities)/assets		(8,062)	18,886
Total assets less current liabilities		1,455	23,557
Provisions for liabilities		-	(936)
Net assets		1,455	22,621
Capital and reserves
Called up share capital		1	1
Retained earnings		1,454	22,620
Shareholders' funds		1,455	22,621

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Ran Arc Limited

Statement of Financial Position as at 30 September 2023

Approved and authorised by the director on 17 April 2024
 

.........................................

M H Merran

Director

Company registration number: 12517619

Ran Arc Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of an investment holding company and provision of hospitality brand management services.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss for the year ended 30 September 2023 but had net assets at that date of £1,455, including cash at bank amounting to £737.

The company's affairs are simplistic and expenses controllable. The company's working capital requirements are financed through supplier credit, loans from the director and income from investments (of which £13,500 was received post year end. The director has confirmed that he will provide additional funding to the company if required.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future as the company's operations are simplistic with no direct expenses. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Ran Arc Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	4 year straight line

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Ran Arc Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 October 2022	3,900	3,900
Additions	6,355	6,355
At 30 September 2023	10,255	10,255
Depreciation
At 1 October 2022	157	157
Charge for the year	1,539	1,539
At 30 September 2023	1,696	1,696
Carrying amount
At 30 September 2023	8,559	8,559
At 30 September 2022	3,743	3,743

5	Investments

	Investments £	Total £
Cost or valuation
At 1 October 2022	928	928
Additions	30	30
At 30 September 2023	958	958
Carrying amount
At 30 September 2023	958	958

Ran Arc Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Debtors

	2023 £	2022 £
Other debtors	157	1,234
	157	1,234

7

Creditors

Creditors: amounts falling due within one year

	2023 £	2022 £
Trade creditors	4,550	4,750
Taxation and social security	-	76
Other creditors	4,406	1,861
	8,956	6,687