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REGISTERED NUMBER: 02258205 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Ardette Limited

Ardette Limited (Registered number: 02258205)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ardette Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P L Francis
A P Galea
P J Francis





SECRETARY: P J Francis





REGISTERED OFFICE: Airport House
Suite 43-45
Purley Way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 02258205 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Ardette Limited (Registered number: 02258205)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 473,726 479,777

CURRENT ASSETS
Stocks 11,424 11,424
Debtors 5 124 124
Cash at bank 108,965 95,216
120,513 106,764
CREDITORS
Amounts falling due within one year 6 (226,953 ) (230,145 )
NET CURRENT LIABILITIES (106,440 ) (123,381 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,286

356,396

CREDITORS
Amounts falling due after more than one year 7 (281,434 ) (281,434 )

PROVISIONS FOR LIABILITIES (18,266 ) (19,384 )
NET ASSETS 67,586 55,578

CAPITAL AND RESERVES
Called up share capital 12 12
Revaluation reserve 8 234,532 234,532
Retained earnings 8 (166,958 ) (178,966 )
67,586 55,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

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 and
(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.

Ardette Limited (Registered number: 02258205)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:




P L Francis - Director



A P Galea - Director


Ardette Limited (Registered number: 02258205)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Ardette Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company during the year was that of providing a shooting range and facilities and services connected with it.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents amounts receivable for goods and services net of VAT and trade discounts

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings FreeholdNil
Fixtures, fittings & equipment25% Reducing balance
Motor vehicles 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Revaluation of property

Directors consider the value of buildings to be at fair value. Changes in fair value are recognised in the statement of comprehensive income.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Ardette Limited (Registered number: 02258205)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Income and Retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

FOREIGN EXCHANGE
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Ardette Limited (Registered number: 02258205)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 454,500 32,113 24,284 - 510,897
Additions - - - 339 339
At 31 October 2023 454,500 32,113 24,284 339 511,236
DEPRECIATION
At 1 November 2022 - 23,968 7,152 - 31,120
Charge for year - 2,036 4,283 71 6,390
At 31 October 2023 - 26,004 11,435 71 37,510
NET BOOK VALUE
At 31 October 2023 454,500 6,109 12,849 268 473,726
At 31 October 2022 454,500 8,145 17,132 - 479,777

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 124 124

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 137 305
Taxation and social security 3,225 6,102
Other creditors 223,591 223,738
226,953 230,145

The directors consider the carrying amounts of current liabilities approximate to their fair values.
Other creditors of £133,540 reflects loans taken from family members.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 281,434 281,434

The directors consider the carrying amounts of long term liabilities approximate to their fair values.
The above balance reflects loans taken from family members.

Ardette Limited (Registered number: 02258205)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. RESERVES

PROFIT & LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve

Non Distributable reserves - relates to fair value adjustments to freehold properties.

At the balance sheet date the reserves therefore comprise of the following:
Distributable reserves -£166,958 (2022: -£178,966).
Non Distributable reserves £234,532 (2022 : £234,532)

9. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in other creditors were amounts of £88,240 (2022: 88,421) due to the director - Patrick John Francis.