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REGISTERED NUMBER: 11817989 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ARDROE DEVELOPMENTS LIMITED

ARDROE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11817989)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARDROE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: K J Conroy
J H Shelley





REGISTERED OFFICE: 30 Ludgate Hill
Birmingham
West Midlands
B3 1EH





REGISTERED NUMBER: 11817989 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

ARDROE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11817989)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,000 16,000
Investment property 5 572,338 572,338
580,338 588,338

CURRENT ASSETS
Debtors 6 6,623 7,138
Cash at bank 5,223 1,872
11,846 9,010
CREDITORS
Amounts falling due within one year 7 476,332 470,800
NET CURRENT LIABILITIES (464,486 ) (461,790 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,852

126,548

CREDITORS
Amounts falling due after more than one
year

8

157,325

157,325
NET LIABILITIES (41,473 ) (30,777 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (41,474 ) (30,778 )
(41,473 ) (30,777 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ARDROE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11817989)

BALANCE SHEET - continued
31 MARCH 2024


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 7 October 2024 and were signed on its behalf by:





K J Conroy - Director


ARDROE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11817989)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Ardroe Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors have confirmed his intention to continue supporting the company for the foreseeable future. Hence, the financial statements have been prepared under the going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Racehorse - 33.33% 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 profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ARDROE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11817989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Racehorse
£   
COST
At 1 April 2023
and 31 March 2024 24,000
DEPRECIATION
At 1 April 2023 8,000
Charge for year 8,000
At 31 March 2024 16,000
NET BOOK VALUE
At 31 March 2024 8,000
At 31 March 2023 16,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 572,338
NET BOOK VALUE
At 31 March 2024 572,338
At 31 March 2023 572,338

Investment property is 133 High Street, Henley in Arden, B95 5AU. The Directors consider the current value to be the fair value at the year end.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,700 5,200
Other debtors 923 1,938
6,623 7,138

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,466 1,347
Taxation and social security 1,801 5,238
Other creditors 472,065 464,215
476,332 470,800

ARDROE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11817989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 157,325 157,325

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 157,325 157,325

9. SECURED DEBTS

The Bank loan of £157,325 (2023: £157325 ) along with a loan held within other creditors of £453,767 (2023:£455,417) is secured in favour of K J Conroy & Co Limited via a fixed charge over the property 133 High Street, Henley in Arden, B95 5AU.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
K J Conroy
Balance outstanding at start of year - 155,000
Amounts advanced 7,500 -
Amounts repaid (7,500 ) (155,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -