Arena Security Limited - Abbreviated accounts 16.3

Arena Security Limited - Abbreviated accounts 16.3

ARENA SECURITY LIMITED - Company Information

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REGISTERED NUMBER: 01789363 (England and Wales)















Arena Security Limited

Abbreviated Unaudited Accounts For The Year Ended 30 April 2016






Arena Security Limited (Registered number: 01789363)






Contents of the Abbreviated Accounts
For The Year Ended 30 April 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Arena Security Limited

Company Information
For The Year Ended 30 April 2016







DIRECTORS: Mr G Bethel
Mr G Blunt
Mrs J Whitaker





SECRETARY: Mr G Bethel





REGISTERED OFFICE: The Oldbank
Birds Hill
Letchworth
Hertfordshire
SG6 1HU





REGISTERED NUMBER: 01789363 (England and Wales)





ACCOUNTANTS: Streets ISA Limited
Building 15
Gateway 1000
Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
Page 1
Arena Security Limited (Registered number: 01789363)

Abbreviated Balance Sheet
30 April 2016

2016 2015
Notes £    £   
FIXED ASSETS
Intangible assets 2 29,750 38,250
Tangible assets 3 276,963 243,243
Investments 4 - 47,110
Investment property 5 1,385,823 1,314,538
1,692,536 1,643,141

CURRENT ASSETS
Debtors 434,157 426,519
Cash at bank and in hand 181,172 31,291
615,329 457,810
CREDITORS
Amounts falling due within one year 6 (227,984 ) (207,396 )
NET CURRENT ASSETS 387,345 250,414
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,079,881
1,893,555

CREDITORS
Amounts falling due after more than one
year
6
(440,468
)
(324,942
)
NET ASSETS 1,639,413 1,568,613

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 401,321 413,498
Profit and loss account 1,237,992 1,155,015
SHAREHOLDERS' FUNDS 1,639,413 1,568,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
Arena Security Limited (Registered number: 01789363)

Abbreviated Balance Sheet - continued
30 April 2016


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 2 December 2016 and were signed on its behalf
by:





Mr G Bethel - Director


The notes form part of these abbreviated accounts

Page 3
Arena Security Limited (Registered number: 01789363)

Notes to the Abbreviated Accounts
For The Year Ended 30 April 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service
contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - 2% on cost
Short leasehold - 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Land included in freehold property is not depreciated.

Investment property
Investment properties are shown at their open market value. The surplus or deficit arising from the annual
revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal,on an individual
investment property is expected to be permanent, in which cases it is recognised in the profit and loss account for
the year.

This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) which,
unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties
are held for their investment potential and not for use by the company and so their current value is of prime
importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Deferred tax
Deferred tax is recognised in respect of the excess taxation allowances over depreciation on fixed assets.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in
which timing difference reverse, based on the tax rates and laws enacted or substantively enacted at the balance
sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Page 4 continued...
Arena Security Limited (Registered number: 01789363)

Notes to the Abbreviated Accounts - continued
For The Year Ended 30 April 2016

1. ACCOUNTING POLICIES - continued

Operating lease income
Investment properties are let under operating leases. Income from the rent of these assets are credited to the
profit and loss account on an accrual basis.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2015
and 30 April 2016 103,000
AMORTISATION
At 1 May 2015 64,750
Amortisation for year 8,500
At 30 April 2016 73,250
NET BOOK VALUE

At 30 April 2016 29,750
At 30 April 2015 38,250

3. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 May 2015 636,456
Additions 107,345
Disposals (27,452 )
Transfer to ownership (13,391 )
At 30 April 2016 702,958
DEPRECIATION
At 1 May 2015 393,213
Charge for year 72,250
Eliminated on disposal (26,077 )
Transfer to ownership (13,391 )
At 30 April 2016 425,995
NET BOOK VALUE
At 30 April 2016 276,963
At 30 April 2015 243,243

Page 5 continued...
Arena Security Limited (Registered number: 01789363)

Notes to the Abbreviated Accounts - continued
For The Year Ended 30 April 2016

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 May 2015 47,110
Disposals (47,110 )
At 30 April 2016 -
NET BOOK VALUE
At 30 April 2016 -
At 30 April 2015 47,110

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 May 2015 1,314,538
Additions 231,285
Disposals (160,000 )
At 30 April 2016 1,385,823
NET BOOK VALUE
At 30 April 2016 1,385,823
At 30 April 2015 1,314,538

6. CREDITORS

Creditors include an amount of £ 494,287 (2015 - £ 359,631 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016 2015
£    £   
Repayable by instalments 274,842 216,870

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 6