A.R.P. Capital Partners Ltd
Financial Statements
For Filing with Registrar
For the year ended 31 March 2019
Company Registration No. 08575058 (England and Wales)
A.R.P. Capital Partners Ltd
Company Information
Directors
R Patel
A Patel
Company number
08575058
Registered office
Office 211A
154-160 Fleet Street
Blackfriars
EC4A 2DQ
Auditors
Moore Kingston Smith LLP
Devonshire House
60 Goswell Road
London
EC1M 7AD
A.R.P. Capital Partners Ltd
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
A.R.P. Capital Partners Ltd
Balance Sheet
As at 31 March 2019
Page 1
2019
2018
Notes
£
£
£
£
Current assets
Debtors
2
8,723
-
Cash at bank and in hand
56,923
76,541
65,646
76,541
Creditors: amounts falling due within one year
3
(74,461)
(76,541)
Net current liabilities
(8,815)
-
Capital and reserves
Called up share capital
4
429,000
429,000
Profit and loss reserves
(437,815)
(429,000)
Total equity
(8,815)
-
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 6 December 2019 and are signed on its behalf by:
R Patel
Director
Company Registration No. 08575058
A.R.P. Capital Partners Ltd
Notes to the Financial Statements
For the year ended 31 March 2019
Page 2
1
Accounting policies
Company information
A.R.P. Capital Partners Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Office 211A, 154-160 Fleet Street, Blackfriars, EC4A 2DQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the year end the company had net liabilities of £17,538 which included £71,762 due to group undertakings. The ultimate parent company and fellow group members have confirmed they will continue to support the company for the next 12 months. Based on cash flow projections, the directors consider the group will have adequate resources to allow the company to meet its liabilities as they fall due. The directors continue to seek and evaluate further sites from which to continue trading. For these reasons, the financial statements have been prepared on a going concern basis and do not include any adjustments that would result from a withdrawal of the support from the group.
1.3
Cash and cash equivalents
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company only has basic financial instruments measured at amortised costs, with no financial instruments classified as other basic instruments measured at fair value.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.6
Leases
Rentals payable under operating leases,
including
any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
A.R.P. Capital Partners Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 March 2019
Page 3
2
Debtors
2019
2018
Amounts falling due within one year:
£
£
Other debtors
8,723
-
3
Creditors: amounts falling due within one year
2019
2018
£
£
Amounts due to group undertakings
71,762
72,501
Other creditors
2,699
4,040
74,461
76,541
4
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
429,000 Ordinary shares of £1 each
429,000
429,000
5
Audit report information
As the income statement has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006
:
The auditor's report was unqualified.
The auditor was Moore Kingston Smith LLP.
A.R.P. Capital Partners Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 March 2019
Page 4
6
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2019
2018
£
£
Within one year
11,070
-
Between two and five years
5,670
-
16,740
-
7
Related party transactions
The company has taken advantage of the exemption available in FRS 8 "Related party disclosures" whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary of the group.
8
Parent company
The immediate parent and ultimate parent undertaking is Cornhill Investment Partners Limited, registered at Office 211A 154 - 160 Fleet Street, Blackfriars, EC4A 2DQ.
A.R.P. Capital Partners Ltd
Schedule of Administration Expenses
For the year ended 31 March 2019
2019
2018
£
£
Administrative expenses
Rent re operating leases
5,650
-
Rent re licences and other
-
2,000
Computer running costs
190
201
Legal and professional fees
387
1,080
Accountancy
2,600
2,250
Bank charges
84
90
Advertising
66
144
Telecommunications
-
320
Sundry expenses
-
(44,028)
8,977
(37,943)