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
Airedale Investment Limited
Company Information
for the year ended 31 May 2024
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
Airedale Investment Limited
Statement of financial position
as at 31 May 2024
Tangible assets
24,838
32,995
Investment property
434,345
690,000
Investments
345,658
108,991
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
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
Airedale Investment Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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
At 31 May 2024
7,922
31,945
39,867
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
At 31 May 2024
879
23,959
24,838
At 31 May 2023
1,050
31,945
32,995
Fair value at 1 June 2023
690,000
6
Investments
Other investments
Valuation at 1 June 2023
108,991
Fair value adjustments
16,105
Valuation at 31 May 2024
345,658
7
Creditors: amounts falling due within one year
2024
2023
Loans from directors
543
613
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).