FIRST ARK SOCIAL INVESTMENT LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have considered the future expectations of the entity; the purpose of FASI is to deliver the current Growth Fund contract which is due for completion in June 2026. Upon completion of the contract First Ark Social Investment Limited will cease trading. Therefore, the directors of the company do not consider the company to be a going concern. Accordingly, the financial statements have not been prepared on a basis other than going concern. The financial statements do not include any adjustments as a result of being prepared on a basis other than going concern.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -53%

  £58,322 → £27,391

• Cash

  -22.8%

  £157,911 → £121,935

• Net assets

  0%

  £1 → £1

• Employees

  —

  Not reported

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have considered the future expectations of the entity; the purpose of FASI is to deliver the current Growth Fund contract which is due for completion in June 2026. Upon completion of the contract First Ark Social Investment Limited will cease trading. Therefore, the directors of the company do not consider the company to be a going concern. Accordingly, the financial statements have not been prepared on a basis other than going concern. The financial statements do not include any adjustments as a result of being prepared on a basis other than going concern.”

Significant events

• “The Fund launched in October 2016, with the Investment Committee overseeing disbursement of the Fund holding its first meeting in January 2017. Loans totalling £3,896k were disbursed up to 30 June 2021 when the fund closed for new investments.”
• “The fund term is due to end in 2026 with plans for the wind down of FASI, following the delivery of its purpose.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.