Registered number: 3737955 | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
Prepared By: | ||||||||
Lindrick Accountancy Services Limited | ||||||||
205 Outgang Lane | ||||||||
Sheffield | ||||||||
S25 3QY |
Ardern Properties Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 3737955 | ||||||||
ACCOUNTANTS | ||||||||
Lindrick Accountancy Services Limited | ||||||||
205 Outgang Lane | ||||||||
Sheffield | ||||||||
S25 3QY |
Ardern Properties Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Ardern Properties Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
82,267 | 212,330 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (338,095) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Revaluation reserve | 1d,8 | 171,648 | 171,648 | |||||||
Profit and loss account | 568,447 | 436,561 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Ardern Properties Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Equipment | reducing balance 33% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1d. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 8). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
Ardern Properties Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2022 | 2,292 | 2,292 | ||
Additions | 416 | 416 | ||
At 31/03/2023 | 2,708 | 2,708 | ||
Depreciation | ||||
At 01/04/2022 | 1,110 | 1,110 | ||
For the year | 527 | 527 | ||
At 31/03/2023 | 1,637 | 1,637 | ||
Net Book Amounts | ||||
At 31/03/2023 | 1,071 | |||
At 31/03/2022 | 1,182 | |||
3. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 01/04/2022 | 945,132 | 945,132 | ||
Disposals | (185,132) | (185,132) | ||
At 31/03/2023 | 760,000 | 760,000 | ||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 7,500 | 18,000 | ||||||
Other debtors | 1,560 | - | ||||||
Prepayments | 580 | 580 | ||||||
9,640 | 18,580 | |||||||
Ardern Properties Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 35,217 | 9,736 | ||||||
VAT | 9,944 | 13,702 | ||||||
PAYE control | 520 | 168 | ||||||
Directors current account | 32,497 | 39,203 | ||||||
Bank Loan | - | 225,000 | ||||||
Trade creditors | 1,337 | 570 | ||||||
Other creditors | 22,293 | 260,621 | ||||||
Accruals | 1,425 | 1,425 | ||||||
103,233 | 550,425 | |||||||
6. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
7. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
9 | 9 | |||||||
1 | 1 | |||||||
10 | 10 | |||||||
8. REVALUATION RESERVE | 2023 | 2022 | ||||||
£ | £ | |||||||
Revaluation reserve | 171,648 | 171,648 | ||||||
171,648 | 171,648 | |||||||