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REGISTERED NUMBER: 08608680 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Arden Properties (Gloucestershire) Ltd

Arden Properties (Gloucestershire) Ltd (Registered number: 08608680)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Arden Properties (Gloucestershire) Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: G A V Roberts
Miss F A Roberts





REGISTERED OFFICE: 21 Ashchurch Road
Tewkesbury
Gloucestershire
GL20 8DP





REGISTERED NUMBER: 08608680 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Arden Properties (Gloucestershire) Ltd (Registered number: 08608680)

Statement of Financial Position
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,053 942
Investment property 5 1,457,500 1,325,000
1,458,553 1,325,942

CREDITORS
Amounts falling due within one year 6 803,756 830,550
NET CURRENT LIABILITIES (803,756 ) (830,550 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,797

495,392

PROVISIONS FOR LIABILITIES 93,495 68,320
NET ASSETS 561,302 427,072

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 425,031 317,706
Retained earnings 136,171 109,266
SHAREHOLDERS' FUNDS 561,302 427,072

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:




Miss F A Roberts - Director


Arden Properties (Gloucestershire) Ltd (Registered number: 08608680)

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


1. STATUTORY INFORMATION

Arden Properties (Gloucestershire) Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Arden Properties (Gloucestershire) Ltd (Registered number: 08608680)

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


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 August 2022 2,118 711 2,829
Additions - 450 450
At 31 July 2023 2,118 1,161 3,279
Depreciation
At 1 August 2022 1,176 711 1,887
Charge for year 189 150 339
At 31 July 2023 1,365 861 2,226
Net book value
At 31 July 2023 753 300 1,053
At 31 July 2022 942 - 942

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 August 2022 1,325,000
Revaluations 132,500
At 31 July 2023 1,457,500
Net book value
At 31 July 2023 1,457,500
At 31 July 2022 1,325,000

If the investment property had not been revalued it would have been included at the historical cost of
£938,974 (2022 - £938,974).

The directors, having reviewed the local property market, have valued investment property at 31 July 2023.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Taxation and social security 6,754 7,094
Other creditors 797,002 823,456
803,756 830,550

Arden Properties (Gloucestershire) Ltd (Registered number: 08608680)

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


7. RELATED PARTY DISCLOSURES

The Directors
The following loans from the directors, included within other creditors, are interest free and have no formal repayment terms.

G A V Roberts: £396,220 (2022 - £410,093)
Miss F A Roberts: £396,242 (2022 - £410,093)

8. GOING CONCERN

Despite net current liabilities of £803,756 as at 31 July 2023 (2022 - £830,550), the accounts have been prepared on a going concern basis. The directors have reviewed the future cash flows of the company and with their continued support, consider the going concern basis of preparation to be appropriate.