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REGISTERED NUMBER: 12359290 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

ARDNAVE CAPITAL LIMITED

ARDNAVE CAPITAL LIMITED (REGISTERED NUMBER: 12359290)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARDNAVE CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: H J Fitzalan Howard
C L Fitzalan Howard
M N Fitzalan Howard





REGISTERED OFFICE: Foxcombe House
South Harting
Petersfield
Hampshire
GU31 5PL





REGISTERED NUMBER: 12359290 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

ARDNAVE CAPITAL LIMITED (REGISTERED NUMBER: 12359290)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 11,536,108 10,107,907

CURRENT ASSETS
Debtors 5 500,098 500,098
Cash at bank 299,744 288,978
799,842 789,076
CREDITORS
Amounts falling due within one year 6 1,585,537 31,258
NET CURRENT (LIABILITIES)/ASSETS (785,695 ) 757,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,750,413

10,865,725

PROVISIONS FOR LIABILITIES 121,985 259,312
NET ASSETS 10,628,428 10,606,413

CAPITAL AND RESERVES
Called up share capital 7 98 98
Fair value reserve 8 365,958 777,943
Retained earnings 8 10,262,372 9,828,372
SHAREHOLDERS' FUNDS 10,628,428 10,606,413

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

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

ARDNAVE CAPITAL LIMITED (REGISTERED NUMBER: 12359290)

BALANCE SHEET - continued
31ST DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th August 2024 and were signed on its behalf by:





H J Fitzalan Howard - Director


ARDNAVE CAPITAL LIMITED (REGISTERED NUMBER: 12359290)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Ardnave Capital 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.

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.

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 balance sheet date.

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

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Listed investments
Investments in listed company shares, which have been classified as fixed asset investments, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Income in the period is recognised as it arises.

Unlisted investments
Investments in unlisted company shares, which have been classified as fixed asset investments, are remeasured to market value at each balance sheet date, where an accurate assessment of market value exists. Gains and losses on remeasurement are recognised in profit or loss for the period. If such an assessment does not exist, these assets are held at cost.

Income in the period is recognised as it arises.

ARDNAVE CAPITAL LIMITED (REGISTERED NUMBER: 12359290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st January 2023 10,107,907
Additions 2,270,616
Disposals (570,663 )
Revaluations (271,752 )
At 31st December 2023 11,536,108
NET BOOK VALUE
At 31st December 2023 11,536,108
At 31st December 2022 10,107,907

Cost or valuation at 31st December 2023 is represented by:

Other
investments
£   
Valuation in 2023 (271,752 )
Valuation in 2022 (121,224 )
Valuation in 2021 1,140,233
Cost 10,788,851
11,536,108

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 98 98

Amounts falling due after more than one year:
Other debtors 500,000 500,000

Aggregate amounts 500,098 500,098

ARDNAVE CAPITAL LIMITED (REGISTERED NUMBER: 12359290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 20,936 30,406
Other creditors 1,564,601 852
1,585,537 31,258

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
97,800 Ordinary 0.001 98 98

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st January 2023 9,828,372 777,943 10,606,315
Profit for the year 22,015 22,015
Movements in fair value reserve 411,985 (411,985 ) -
At 31st December 2023 10,262,372 365,958 10,628,330

9. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 3,934,773 -

The company has a contractual commitment to purchase investments with a current estimated value of £3,934,773. These investments have not been provided for in the financial statements.