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REGISTERED NUMBER: 11858126 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Ayrshire House Limited

Ayrshire House Limited (Registered number: 11858126)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Ayrshire House Limited (Registered number: 11858126)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,000 28,000
Tangible assets 5 990,937 990,940
1,004,937 1,018,940

CURRENT ASSETS
Debtors 6 204,719 17,047
Cash at bank 601,438 603,027
806,157 620,074
CREDITORS
Amounts falling due within one year 7 282,451 72,596
NET CURRENT ASSETS 523,706 547,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,528,643

1,566,418

PROVISIONS FOR LIABILITIES 17,358 4,900
NET ASSETS 1,511,285 1,561,518

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 1,033,272 1,033,272
Retained earnings 477,013 527,246
1,511,285 1,561,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 21 August 2024 and were signed by:





Miss S J Wright - Director


Ayrshire House Limited (Registered number: 11858126)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Ayrshire House Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11858126

Registered office: 36 The Hedgerows
Collingham
Newark
Nottinghamshire
NG23 7RL

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 is measure at the fair value of the consideration received or receivable, excluding discounts and rebates.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Buildings - 2% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.


Ayrshire House Limited (Registered number: 11858126)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 70,000
AMORTISATION
At 1 December 2022 42,000
Charge for year 14,000
At 30 November 2023 56,000
NET BOOK VALUE
At 30 November 2023 14,000
At 30 November 2022 28,000

5. TANGIBLE FIXED ASSETS
Fixtures
Land and and Motor
Buildings fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 973,681 28,575 70,780 1,073,036
Additions - 43,120 - 43,120
At 30 November 2023 973,681 71,695 70,780 1,116,156
DEPRECIATION
At 1 December 2022 39,752 24,087 18,257 82,096
Charge for year 13,274 16,718 13,131 43,123
At 30 November 2023 53,026 40,805 31,388 125,219
NET BOOK VALUE
At 30 November 2023 920,655 30,890 39,392 990,937
At 30 November 2022 933,929 4,488 52,523 990,940

Ayrshire House Limited (Registered number: 11858126)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 204,719 17,047

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 97,333 48,449
Other creditors 185,118 24,147
282,451 72,596

8. RELATED PARTY DISCLOSURES

During the year, a loan of £140,000 (2022: £0) was made to a close family member of the director. Interest is to be provided on the balance at 3% per annum.