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REGISTERED NUMBER: 05446118 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

ARDEN PARK GARAGE SERVICES LIMITED

ARDEN PARK GARAGE SERVICES LIMITED (REGISTERED NUMBER: 05446118)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARDEN PARK GARAGE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr R J Halliday





SECRETARY: Mrs A M Taylor





REGISTERED OFFICE: 2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN





REGISTERED NUMBER: 05446118 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

ARDEN PARK GARAGE SERVICES LIMITED (REGISTERED NUMBER: 05446118)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 18,000 36,000
Tangible assets 5 19,019 33,885
Investments 6 100 100
37,119 69,985

CURRENT ASSETS
Stocks 4,000 3,800
Debtors 7 1,079,622 734,218
Investments 8 - 46,400
Cash at bank 291,236 417,744
1,374,858 1,202,162
CREDITORS
Amounts falling due within one year 9 148,847 124,515
NET CURRENT ASSETS 1,226,011 1,077,647
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,263,130

1,147,632

PROVISIONS FOR LIABILITIES 4,755 8,471
NET ASSETS 1,258,375 1,139,161

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,258,275 1,139,061
SHAREHOLDERS' FUNDS 1,258,375 1,139,161

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ARDEN PARK GARAGE SERVICES LIMITED (REGISTERED NUMBER: 05446118)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 22 October 2024 and were signed by:





Mr R J Halliday - Director


ARDEN PARK GARAGE SERVICES LIMITED (REGISTERED NUMBER: 05446118)

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


1. STATUTORY INFORMATION

Arden Park Garage Services 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 (£).


The company's place of business is Unit 3, Waterside Park, Old Wolverton Road, Old Wolverton, Milton Keynes, Bucks, MK12 5NP.

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.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TURNOVER
The company's turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. A sale is recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and value added tax.

GOODWILL
Purchased goodwill is amortised over its estimated useful life in equal instalments over 20 years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost less any impairment.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


ARDEN PARK GARAGE SERVICES LIMITED (REGISTERED NUMBER: 05446118)

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


2. ACCOUNTING POLICIES - continued
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 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.

LEASES
Rentals payable under the operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

DEBTORS RECEIVABLE AND CREDITORS PAYABLE
Debtors and creditors with no stated interest rate and receivable or payable within or after one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 June 2023
and 31 May 2024 360,000
AMORTISATION
At 1 June 2023 324,000
Amortisation for year 18,000
At 31 May 2024 342,000
NET BOOK VALUE
At 31 May 2024 18,000
At 31 May 2023 36,000

ARDEN PARK GARAGE SERVICES LIMITED (REGISTERED NUMBER: 05446118)

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


5. TANGIBLE FIXED ASSETS
Improvements Plant and Motor
to property machinery vehicles Totals
£ £ £ £
COST
At 1 June 2023
and 31 May 2024 56,248 165,912 56,312 278,472
DEPRECIATION
At 1 June 2023 55,418 152,077 37,092 244,587
Charge for year 830 6,991 7,045 14,866
At 31 May 2024 56,248 159,068 44,137 259,453
NET BOOK VALUE
At 31 May 2024 - 6,844 12,175 19,019
At 31 May 2023 830 13,835 19,220 33,885

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 June 2023
and 31 May 2024 100
NET BOOK VALUE
At 31 May 2024 100
At 31 May 2023 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Arden Park Rental Properties Limited
Registered office: 2 Manor Farm Court Old Wolverton,Old Wolverton, Milton Keynes, Buckinghamshire, MK12 5NN
Nature of business: Letting of commercial property
%
Class of shares: holding
Ordinary 100.00
2024 2023
£ £
Aggregate capital and reserves 109,807 109,392
Profit for the year 415 43,388

ARDEN PARK GARAGE SERVICES LIMITED (REGISTERED NUMBER: 05446118)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 50,226 49,340
Amounts owed by group undertakings 671,808 597,835
Directors' current accounts 352,897 82,352
Prepayments 4,691 4,691
1,079,622 734,218

8. CURRENT ASSET INVESTMENTS
2024 2023
£ £
Listed investments - 46,400

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 27,422 31,001
Tax 95,873 61,446
Social security and other taxes 1,062 3,234
VAT 6,705 10,964
Accrued expenses 17,785 17,870
148,847 124,515

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£ £
Mr R J Halliday
Balance outstanding at start of year 82,352 36,429
Amounts advanced 352,897 82,352
Amounts repaid (82,352 ) (36,429 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 352,897 82,352

The director's loan is interest free and repayable on demand.