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Company registration number: NI039730
Ardore Limited
Unaudited filleted abridged financial statements
28 February 2024
Ardore Limited
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Ardore Limited
Directors and other information
Directors Mr John Morgan (Resigned 29 September 2023)
Mrs Trudi Morgan
Secretary Mrs Trudi Morgan
Company number NI039730
Registered office 244 Killyman Road
Dungannon
County Tyrone
BT71 6RS
Accountants ASM (D) Ltd
79 Cunninghams Lane
Dungannon
County Tyrone
BT71 6BX
Bankers Ulster Bank Limited
39 Market Square
Dungannon
County Tyrone
BT70 1JJ
Solicitors F G Patton Solicitors
14 Thomas Street
Dungannon
County Tyrone
BT70 1HN
Ardore Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Ardore Limited
Year ended 28 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ardore Limited for the year ended 28 February 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of Ardore Limited, as a body, in accordance with the terms of our engagement letter dated 2 November 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Ardore Limited and state those matters that we have agreed to state to the board of directors of Ardore Limited as a body, in this report in accordance with the requirements of Chartered Accountants Ireland, as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ardore Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Ardore Limited 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 Ardore Limited. You consider that Ardore Limited 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 Ardore Limited. 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.
ASM (D) Ltd
Chartered Accountants
79 Cunninghams Lane
Dungannon
County Tyrone
BT71 6BX
20 November 2024
Ardore Limited
Abridged statement of financial position
28 February 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 850,210 850,401
________ ________
850,210 850,401
Current assets
Debtors 225 -
Investments 6 318,404 345,139
Cash at bank and in hand 39,576 59,149
________ ________
358,205 404,288
Creditors: amounts falling due
within one year ( 16,215) ( 15,572)
________ ________
Net current assets 341,990 388,716
________ ________
Total assets less current liabilities 1,192,200 1,239,117
Creditors: amounts falling due
after more than one year ( 300,247) ( 360,247)
Provisions for liabilities ( 52) ( 100)
________ ________
Net assets 891,901 878,770
________ ________
Capital and reserves
Called up share capital 1 1
Profit and loss account 891,900 878,769
________ ________
Shareholder funds 891,901 878,770
________ ________
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 28 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 20 November 2024 , and are signed on behalf of the board by:
Mrs Trudi Morgan
Director
Company registration number: NI039730
Ardore Limited
Notes to the financial statements
Year ended 28 February 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 244 Killyman Road, Dungannon, County Tyrone, BT71 6RS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 2 ).
5. Tangible assets
£
Cost
At 1 March 2023 and 28 February 2024 964,119
________
Depreciation
At 1 March 2023 113,718
Charge for the year 191
________
At 28 February 2024 113,909
________
Carrying amount
At 28 February 2024 850,210
________
At 28 February 2023 850,401
________
6. Investments
2024 2023
£ £
II Investments portfolio 245,907 267,106
HL Fund & Share account 72,497 78,033
________ ________
318,404 345,139
________ ________