Company registration number 04612280 (England and Wales)
ARDEN ESTATES BARNT GREEN LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ARDEN ESTATES BARNT GREEN LTD
COMPANY INFORMATION
Directors
Mr J G Whitehead
Miss R K Randhawa
Mr J A Cope
Company number
04612280
Registered office
373 Evesham Road
Redditch
Worcestershire
B97 5JA
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB
ARDEN ESTATES BARNT GREEN LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
ARDEN ESTATES BARNT GREEN LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ARDEN ESTATES BARNT GREEN LTD FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arden Estates Barnt Green Ltd for the year ended 31 December 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Arden Estates Barnt Green Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Arden Estates Barnt Green Ltd and state those matters that we have agreed to state to the board of directors of Arden Estates Barnt Green Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arden Estates Barnt Green Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Arden Estates Barnt Green Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Arden Estates Barnt Green Ltd. You consider that Arden Estates Barnt Green Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Arden Estates Barnt Green Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
24 May 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
ARDEN ESTATES BARNT GREEN LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
7,108
10,976
Current assets
Debtors
5
107,611
122,158
Cash at bank and in hand
25,079
5,699
132,690
127,857
Creditors: amounts falling due within one year
6
(106,309)
(106,813)
Net current assets
26,381
21,044
Total assets less current liabilities
33,489
32,020
Creditors: amounts falling due after more than one year
7
(30,504)
(30,000)
Provisions for liabilities
(570)
(897)
Net assets
2,415
1,123
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
2,315
1,023
Total equity
2,415
1,123

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

ARDEN ESTATES BARNT GREEN LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 24 May 2024 and are signed on its behalf by:
Mr J A Cope
Director
Company registration number 04612280 (England and Wales)
ARDEN ESTATES BARNT GREEN LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
1
Accounting policies
Company information

Arden Estates Barnt Green Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 373 Evesham Road, Redditch, Worcestershire, B97 5JA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and has been fully amortised on a systematic basis over its expected life.

1.4
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:

Improvements to property
25% on cost
Fixtures and fittings
15% on cost
Computer equipment
33% on cost
1.5
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.

ARDEN ESTATES BARNT GREEN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
8
5
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
15,000
Amortisation and impairment
At 1 January 2023 and 31 December 2023
15,000
Carrying amount
At 31 December 2023
-
0
At 31 December 2022
-
0
ARDEN ESTATES BARNT GREEN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
4
Tangible fixed assets
Improvements to property
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 January 2023
7,790
38,074
2,376
48,240
Additions
-
0
340
316
656
At 31 December 2023
7,790
38,414
2,692
48,896
Depreciation and impairment
At 1 January 2023
1,948
33,733
1,583
37,264
Depreciation charged in the year
1,948
1,679
897
4,524
At 31 December 2023
3,896
35,412
2,480
41,788
Carrying amount
At 31 December 2023
3,894
3,002
212
7,108
At 31 December 2022
5,842
4,341
793
10,976
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
37,775
33,483
Amounts owed by group undertakings
66,690
86,386
Other debtors
3,146
2,289
107,611
122,158
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,000
Trade creditors
3,763
2,741
Amounts owed to group undertakings
12,040
21,991
Taxation and social security
46,644
52,142
Other creditors
33,862
19,939
106,309
106,813
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
30,504
30,000
ARDEN ESTATES BARNT GREEN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
8
Secured debts
The following secured debts are included within creditors:
2023
2022
£
£
Bank loans
40,504
40,000
Bank loans are secured by way of a government-backed guarantee,
9
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
10
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11
Control

Ultimate parent company

The ultimate parent company is Arden Estates Midlands Limited, a company registered in England and Wales.

Ultimate controlling party

There is no ultimate controlling party, due to no controlling interest in the ultimate parent company.

2023-12-312023-01-01false24 May 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr J G WhiteheadMiss R K RandhawaMr J A Copefalsefalse046122802023-01-012023-12-3104612280bus:Director12023-01-012023-12-3104612280bus:Director22023-01-012023-12-3104612280bus:Director32023-01-012023-12-3104612280bus:RegisteredOffice2023-01-012023-12-3104612280bus:Agent12023-01-012023-12-31046122802023-12-31046122802022-12-3104612280core:LeaseholdImprovements2023-12-3104612280core:FurnitureFittings2023-12-3104612280core:ComputerEquipment2023-12-3104612280core:LeaseholdImprovements2022-12-3104612280core:FurnitureFittings2022-12-3104612280core:ComputerEquipment2022-12-3104612280core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3104612280core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3104612280core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3104612280core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3104612280core:CurrentFinancialInstruments2023-12-3104612280core:CurrentFinancialInstruments2022-12-3104612280core:ShareCapital2023-12-3104612280core:ShareCapital2022-12-3104612280core:RetainedEarningsAccumulatedLosses2023-12-3104612280core:RetainedEarningsAccumulatedLosses2022-12-3104612280core:Goodwill2023-01-012023-12-3104612280core:LeaseholdImprovements2023-01-012023-12-3104612280core:FurnitureFittings2023-01-012023-12-3104612280core:ComputerEquipment2023-01-012023-12-31046122802022-01-012022-12-3104612280core:NetGoodwill2022-12-3104612280core:NetGoodwill2023-12-3104612280core:NetGoodwill2022-12-3104612280core:LeaseholdImprovements2022-12-3104612280core:FurnitureFittings2022-12-3104612280core:ComputerEquipment2022-12-31046122802022-12-3104612280core:WithinOneYear2023-12-3104612280core:WithinOneYear2022-12-3104612280core:Non-currentFinancialInstruments2023-12-3104612280core:Non-currentFinancialInstruments2022-12-3104612280bus:PrivateLimitedCompanyLtd2023-01-012023-12-3104612280bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104612280bus:FRS1022023-01-012023-12-3104612280bus:AuditExemptWithAccountantsReport2023-01-012023-12-3104612280bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP