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Company Registration No. 00297910 (England and Wales)
Airedale Investment Limited Unaudited accounts for the year ended 31 May 2024
Airedale Investment Limited Unaudited accounts Contents
Page
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Airedale Investment Limited Company Information for the year ended 31 May 2024
Director
J Bell
Company Number
00297910 (England and Wales)
Registered Office
11 Dallam Road Shipley Bradford BD18 4NH
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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Airedale Investment Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,838 
32,995 
Investment property
434,345 
690,000 
Investments
345,658 
108,991 
804,841 
831,986 
Current assets
Cash at bank and in hand
5,710 
10,771 
Creditors: amounts falling due within one year
(5,808)
(3,528)
Net current (liabilities)/assets
(98)
7,243 
Net assets
804,743 
839,229 
Capital and reserves
Called up share capital
199 
199 
Share premium
299,815 
299,815 
Revaluation reserve
181,477 
320,042 
Capital redemption reserve
18,030 
18,030 
Profit and loss account
305,222 
201,143 
Shareholders' funds
804,743 
839,229 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 February 2025 and were signed on its behalf by
J Bell Director Company Registration No. 00297910
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Airedale Investment Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Airedale Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 00297910. The registered office is 11 Dallam Road, Shipley, Bradford, BD18 4NH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% on cost
Motor vehicles
25% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Airedale Investment Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
7,741 
31,945 
39,686 
Additions
181 
- 
181 
At 31 May 2024
7,922 
31,945 
39,867 
Depreciation
At 1 June 2023
6,691 
- 
6,691 
Charge for the year
352 
7,986 
8,338 
At 31 May 2024
7,043 
7,986 
15,029 
Net book value
At 31 May 2024
879 
23,959 
24,838 
At 31 May 2023
1,050 
31,945 
32,995 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
690,000 
Additions
19,345 
Disposals
(275,000)
At 31 May 2024
434,345 
6
Investments
Other investments 
£ 
Valuation at 1 June 2023
108,991 
Additions
225,524 
Fair value adjustments
16,105 
Disposals
(4,962)
Valuation at 31 May 2024
345,658 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
845 
845 
Loans from directors
543 
613 
Accruals
4,420 
2,070 
5,808 
3,528 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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