ARC Capital Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03851855 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

ARC Capital Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs H L Relander

Mr J Allen

REGISTERED OFFICE:

97A Belsize Lane

London

NW3 5AU

REGISTERED NUMBER:

03851855 (England and Wales)

FIXED ASSETS

Tangible assets

2

2,247

-

CURRENT ASSETS

Stocks

2,062,544

1,905,983

Debtors

2,372

-

Cash at bank and in hand

812

534

2,065,728

1,906,517

CREDITORS

Amounts falling due within one year

1,805,254

1,667,427

NET CURRENT ASSETS

260,474

239,090

TOTAL ASSETS LESS CURRENT
LIABILITIES

262,721

239,090

ACCRUALS AND DEFERRED INCOME

294,423

272,450

NET LIABILITIES

(31,702

)

(33,360

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(31,802

)

(33,460

)

SHAREHOLDERS' FUNDS

(31,702

)

(33,360

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 October 2015 and were signed on its behalf by:

Mr J Allen - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stock represents property acquired for development together with work in progress on those properties. These

assets are included at the lower of cost and net realisable value. Cost for this purpose comprises the purchase of

land and buildings and development expenditure. Profit on the sale of developed properties is taken on receipt of

sales proceeds on legal completion. Costs attributable to each sale comprise an appropriate proportion of the

total costs of the development.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,809

At 30 September 2015

2,809

DEPRECIATION

Charge for year

562

At 30 September 2015

562

NET BOOK VALUE

At 30 September 2015

2,247

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100