Aridd Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06813946 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Aridd Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A R Harding

P A Birchley

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

06813946 (England and Wales)

ACCOUNTANTS:

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Investment property

3

1,187,629

CURRENT ASSETS

Cash at bank and in hand

17,173

306,230

CREDITORS

Amounts falling due within one year

4

1,070,712

1,412,458

NET CURRENT LIABILITIES

(1,053,539

)

(1,106,228

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

134,090

81,401

CAPITAL AND RESERVES

Called up share capital

5

100

Fair value reserve

6

904

Retained earnings

133,086

80,397

SHAREHOLDERS' FUNDS

134,090

81,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 December 2017 and were signed on its behalf
by:

A R Harding - Director

1.	STATUTORY INFORMATION

Aridd Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services net of

VAT and trade discounts.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at

fair value at each reporting date with changes in fair value recognised in profit or loss.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,

they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement

constitutes a finance transaction it is measured at present value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

and 31 March 2017

1,187,629

NET BOOK VALUE

At 31 March 2017

1,187,629

At 31 March 2016

1,187,629

Fair value at 31 March 2017 is represented by:

£

Valuation in 2017

904

Cost

1,186,725

1,187,629

If Investment property had not been revalued it would have been included at the following historical cost:

31.3.17

31.3.16

£

Cost

1,186,725

-

Investment property was valued on an open market basis on 31 March 2017 by the directors .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade creditors

-

1,200

Taxation and social security

13,172

11,277

Other creditors

1,057,540

1,399,981

1,070,712

1,412,458

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

100

Ordinary

1

100

6.

RESERVES

Fair

value

reserve

£

At 1 April 2016

and 31 March 2017

904

7.	FIRST YEAR ADOPTION

At the date of transition, the company held an investment property and respective revaluation reserve. Under

FRS 102 deferred tax should be recognised on investment property revaluations. At transition, the investment

property revaluation reserve of £904 was transferred to a fair value reserve and deferred tax of £181 was

provided against this.

Aridd Limited - Accounts to registrar (filleted) - small 17.3

Aridd Limited - Accounts to registrar (filleted) - small 17.3