Ardle Bank Limited 11757024 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of residents’ property management. Digita Accounts Production Advanced 6.30.9574.0 true 11757024 2023-01-01 2023-12-31 11757024 2023-12-31 11757024 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11757024 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 11757024 bus:SmallEntities 2023-01-01 2023-12-31 11757024 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11757024 bus:FullAccounts 2023-01-01 2023-12-31 11757024 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11757024 bus:RegisteredOffice 2023-01-01 2023-12-31 11757024 bus:Director1 2023-01-01 2023-12-31 11757024 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 11757024 countries:EnglandWales 2023-01-01 2023-12-31 11757024 2022-01-01 2022-12-31 11757024 2022-12-31 11757024 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 11757024 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 11757024

Ardle Bank Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Ardle Bank Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 4

 

Ardle Bank Limited

(Registration number: 11757024)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

49,500

49,500

Current assets

 

Debtors

5

715

47

Cash at bank and in hand

 

5,061

5,027

 

5,776

5,074

Creditors: Amounts falling due within one year

6

(3,715)

(5,074)

Net current assets

 

2,061

-

Total assets less current liabilities

 

51,561

49,500

Creditors: Amounts falling due after more than one year

6

(49,500)

(49,500)

Provisions for liabilities

7

(2,061)

-

Net assets/(liabilities)

 

-

-

Capital and reserves

 

Shareholders' funds/(deficit)

 

-

-

 

Ardle Bank Limited

(Registration number: 11757024)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 February 2024 and signed on its behalf by:
 

.........................................
Ms Annette Jane Weaver
Director

 

Ardle Bank Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
C/O Ms Annette Weaver
Flat B Ardle Bank
14 Kingsbury Street
Marlborough
Wiltshire
SN8 1HU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises service charges levied to leaseholders in respect of shared costs of the freehold property.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Ardle Bank Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Included within the net book value of land and buildings is £49,500 (2022 - £49,500) in respect of freehold land and buildings.
This is the Freehold of Ardle Bank, 14 Kingsbury Street, Marlborough, Wiltshire, which was acquired on 23 January 2020.
 

5

Debtors

Current

2023
£

2022
£

Trade debtors

715

-

Other debtors

-

47

 

715

47

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

3,715

5,074

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Amounts due to leaseholders

49,500

49,500

7

Provisions

The Provision is a transfer from the income and expenditure account for future maintenance.