IRIS Accounts Productionv24.3.2.46SC071767Board of Directors1.5.2330.4.2430.4.2400falsetruefalsefalsetruefalseOrdinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0717672023-04-30SC0717672024-04-30SC0717672023-05-012024-04-30SC0717672022-04-30SC0717672022-05-012023-04-30SC0717672023-04-30SC071767ns15:Scotland2023-05-012024-04-30SC071767ns14:PoundSterling2023-05-012024-04-30SC071767ns10:Director12023-05-012024-04-30SC071767ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC071767ns10:SmallEntities2023-05-012024-04-30SC071767ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC071767ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC071767ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC071767ns10:FullAccounts2023-05-012024-04-30SC071767ns10:OrdinaryShareClass12023-05-012024-04-30SC071767ns10:Director22023-05-012024-04-30SC071767ns10:Director32023-05-012024-04-30SC071767ns10:Director42023-05-012024-04-30SC071767ns10:CompanySecretary12023-05-012024-04-30SC071767ns10:RegisteredOffice2023-05-012024-04-30SC071767ns5:CurrentFinancialInstruments2024-04-30SC071767ns5:CurrentFinancialInstruments2023-04-30SC071767ns5:FurnitureFittings2023-05-012024-04-30SC071767ns5:LandBuildings2023-04-30SC071767ns5:FurnitureFittings2023-04-30SC071767ns5:LandBuildings2023-05-012024-04-30SC071767ns5:LandBuildings2024-04-30SC071767ns5:FurnitureFittings2024-04-30SC071767ns5:LandBuildings2023-04-30SC071767ns5:FurnitureFittings2023-04-30SC071767ns5:CostValuation2023-04-30SC071767ns10:OrdinaryShareClass12024-04-30

REGISTERED NUMBER: SC071767 (Scotland)
















Unaudited Financial Statements for the Year Ended 30 April 2024

for


ARDROIL INVESTMENT COMPANY LIMITED


ARDROIL INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: SC071767)







Contents of the Financial Statements

FOR THE YEAR ENDED 30 APRIL 2024





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3




ARDROIL INVESTMENT COMPANY LIMITED


Company Information

FOR THE YEAR ENDED 30 APRIL 2024









DIRECTORS:

D L MacLeod


Mrs E L Scott


A D MacLeod


Mrs E M MacLeod







SECRETARY:

Mrs E M MacLeod







REGISTERED OFFICE:

Beechgrove

Cottage


9 Beechgrove Place


Aberdeen


AB15 5HF







REGISTERED NUMBER:

SC071767 (Scotland)







ACCOUNTANTS:

Fyfe Moir & Associates


1st Floor, 5 Abercrombie Crt


Prospect Road,


Westhill


Aberdeenshire


Grampian


AB32 6FE


ARDROIL INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: SC071767)


Balance Sheet

30 APRIL 2024



30.4.24

30.4.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

750,196


750,262



Investments

5

72,016


197,016



822,212


947,278




CURRENT ASSETS

Debtors

6

504


1,169



Cash at bank

34,951


220,465



35,455


221,634



CREDITORS

Amounts falling due within one year

7

54,258


23,634



NET CURRENT (LIABILITIES)/ASSETS

(18,803

)

198,000



TOTAL ASSETS LESS CURRENT

LIABILITIES

803,409


1,145,278




CAPITAL AND RESERVES

Called up share capital

8

5,000


5,000



Revaluation reserve

9

590,003


590,003



Retained earnings

9

208,406


550,275



SHAREHOLDERS' FUNDS

803,409


1,145,278




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 22 January 2025 and were signed on its behalf by:





A D MacLeod - Director



ARDROIL INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: SC071767)


Notes to the Financial Statements

FOR THE YEAR ENDED 30 APRIL 2024


1.

STATUTORY INFORMATION



Ardroil Investment Company Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.


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.  



Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings

-

25% on reducing balance



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 NIL (2023 - NIL).


ARDROIL INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: SC071767)


Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 APRIL 2024


4.

TANGIBLE FIXED ASSETS


Fixtures



Freehold


and



property


fittings


Totals

£   

£   

£   



COST


At 1 May 2023


and 30 April 2024

750,000


57,895


807,895




DEPRECIATION


At 1 May 2023

-


57,633


57,633




Charge for year

-


66


66




At 30 April 2024

-


57,699


57,699




NET BOOK VALUE


At 30 April 2024

750,000


196


750,196




At 30 April 2023

750,000


262


750,262




5.

FIXED ASSET INVESTMENTS



30.4.24


30.4.23

£   

£   



Other investments not loans

72,016


197,016





Additional information is as follows:


Other


investments

£   



COST


At 1 May 2023


and 30 April 2024

18,466




NET BOOK VALUE


At 30 April 2024

18,466




At 30 April 2023

18,466





Investments (neither listed nor unlisted) were as follows:


30.4.24


30.4.23

£   

£   



Shares in associated company

53,550


53,550




Disposals

(125,000

)

-




Peleus Residential Investment

125,000


125,000



53,550


178,550




6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.4.24


30.4.23

£   

£   



Prepayments and accrued income

504


1,169




ARDROIL INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: SC071767)


Notes to the Financial Statements - continued

FOR THE YEAR ENDED 30 APRIL 2024


7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.4.24


30.4.23

£   

£   



Trade creditors

1


-




Tax

35,353


9,801




VAT

2,900


2,900




Accruals and deferred income

4,974


5,418




Accrued expenses

11,030


5,515



54,258


23,634




8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

30.4.24


30.4.23


value:

£   

£   



5,000

Ordinary

£1

5,000


5,000




9.

RESERVES


Retained


Revaluation



earnings


reserve


Totals

£   

£   

£   




At 1 May 2023

550,275


590,003


1,140,278




Profit for the year

108,131


108,131




Dividends

(450,000

)

(450,000

)



At 30 April 2024

208,406


590,003


798,409




10.

CONTINGENT LIABILITIES



There is an uncalled liability of £17,850 (being 75p per share) in respect of the 23,800 £1 shares held in Merlin Group Limited.


11.

ULTIMATE CONTROLLING PARTY



The ultimate controlling party is A D MacLeod.