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Unaudited Financial Statements for the Year Ended 31 January 2017 |
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Arks Investments Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 January 2017 |
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for |
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Arks Investments Ltd |
Arks Investments Ltd (Registered number: 09409340) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Arks Investments Ltd |
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Company Information |
for the Year Ended 31 January 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Arks Investments Ltd (Registered number: 09409340) |
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Statement of Financial Position |
31 January 2017 |
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31.1.17 | 31.1.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Investments | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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PROVISIONS FOR LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Fair value reserve | 9 |
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Retained earnings | 9 | ( |
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SHAREHOLDERS' FUNDS | ( |
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(20,843 | ) | (11,607 | ) |
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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
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(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. |
Arks Investments Ltd (Registered number: 09409340) |
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Statement of Financial Position - continued |
31 January 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Arks Investments Ltd (Registered number: 09409340) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2017 |
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1. | STATUTORY INFORMATION |
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Arks Investments Ltd is a
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number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value |
is recognised in profit or loss. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or |
substantively enacted by the statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of |
financial position date. |
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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. |
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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. |
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3. | FIXED ASSET INVESTMENTS |
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Investments (neither listed nor unlisted) were as follows: |
31.1.17 | 31.1.16 |
£ | £ |
Containers | 21,475 | - |
Arks Investments Ltd (Registered number: 09409340) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2017 |
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4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2016 |
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Additions |
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At 31 January 2017 |
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NET BOOK VALUE |
At 31 January 2017 |
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At 31 January 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.17 | 31.1.16 |
£ | £ |
Other debtors |
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6. | CURRENT ASSET INVESTMENTS |
31.1.17 | 31.1.16 |
£ | £ |
Delta Capital Markets | 14,152 | - |
Corporate Bond |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.17 | 31.1.16 |
£ | £ |
Loan from Associates |
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Other creditors |
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Directors' current accounts | 74 | 33 |
Accrued expenses |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.17 | 31.1.16 |
value: | £ | £ |
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Ordinary Shares | £1 | 2 | 2 |
Arks Investments Ltd (Registered number: 09409340) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2017 |
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9. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 February 2016 | ( |
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(11,609 | ) |
Deficit for the year | ( |
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Undistributable Reserve | (1,722 | ) | 1,722 | - |
At 31 January 2017 | ( |
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(21,275 | ) |
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10. | RELATED PARTY DISCLOSURES |
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Arks Investment Ltd has borrowed short-term loans of £150,000 from Arks Ventures Ltd on interest free basis and is |
repayable on demand. This loan is included within Creditors due within one year and is shown as Loan from associate. |
Please be advised that Mr Kunjal Haria is also the Director and 100% shareholder of Arks Ventures Ltd. |
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