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REGISTERED NUMBER: NI039540 (Northern Ireland)















ARDINA INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






ARDINA INVESTMENTS LIMITED (REGISTERED NUMBER: NI039540)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ARDINA INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: James Bleeks
Anne Bleeks
Emma Canavan
Brendan Bleeks
Terence Francis Bleeks
James Michael Bleeks





REGISTERED OFFICE: 55A Coagh Road
Stewartstown
Dungannon
Co. Tyrone
BT71 5JH





REGISTERED NUMBER: NI039540 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

ARDINA INVESTMENTS LIMITED (REGISTERED NUMBER: NI039540)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 7,001,073 7,030,593

CURRENT ASSETS
Receivables: amounts falling due within
one year

6

12,774

11,950
Cash at bank 189,138 27,397
201,912 39,347
PAYABLES
Amounts falling due within one year 7 (4,184,121 ) (3,356,153 )
NET CURRENT LIABILITIES (3,982,209 ) (3,316,806 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,018,864

3,713,787

PAYABLES
Amounts falling due after more than
one year

8

(1,782,256

)

(2,182,256

)

PROVISIONS FOR LIABILITIES - (7,452 )
NET ASSETS 1,236,608 1,524,079

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 1,235,608 1,523,079
SHAREHOLDERS' FUNDS 1,236,608 1,524,079

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

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

ARDINA INVESTMENTS LIMITED (REGISTERED NUMBER: NI039540)

STATEMENT OF FINANCIAL POSITION - continued
31 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 21 May 2024 and were signed on its behalf by:





James Bleeks - Director


ARDINA INVESTMENTS LIMITED (REGISTERED NUMBER: NI039540)

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

1. STATUTORY INFORMATION

Ardina Investments Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The Financial Statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue
Revenue is recognised upon completion of the rental period.

Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant & Machinery- 20% Reducing Balance

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

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 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.

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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare
a Statement of Cash Flows because it is classified as a small company.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

ARDINA INVESTMENTS LIMITED (REGISTERED NUMBER: NI039540)

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

3. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within current liabilities.

Finance costs
Finance costs are charged to the Income Statement over the term of the debt.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 1 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and
property machinery Totals
£ £ £
COST
At 1 January 2023
and 31 December 2023 6,882,992 679,657 7,562,649
DEPRECIATION
At 1 January 2023 - 532,056 532,056
Charge for year - 29,520 29,520
At 31 December 2023 - 561,576 561,576
NET BOOK VALUE
At 31 December 2023 6,882,992 118,081 7,001,073
At 31 December 2022 6,882,992 147,601 7,030,593

6. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade receivables 6,069 5,096
Other receivables 6,705 6,854
12,774 11,950

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 150,000 150,000
Trade payables 5,130 3,449
Amounts owed to group undertakings 3,860,248 3,063,425
Taxation and social security 37,729 8,529
Other payables 131,014 130,750
4,184,121 3,356,153

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2023 2022
£ £
Bank loans 1,782,256 2,182,256

The bank loan is secured by way of a charge over all property of the company.

ARDINA INVESTMENTS LIMITED (REGISTERED NUMBER: NI039540)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary 1 1,000 1,000

10. RELATED PARTY DISCLOSURES

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.