IRIS Accounts Production v24.3.2.46 02258205 Board of Directors Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh022582052023-10-31022582052024-10-31022582052023-11-012024-10-31022582052022-10-31022582052022-11-012023-10-31022582052023-10-3102258205ns15:EnglandWales2023-11-012024-10-3102258205ns14:PoundSterling2023-11-012024-10-3102258205ns10:Director12023-11-012024-10-3102258205ns10:Director22023-11-012024-10-3102258205ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3102258205ns10:SmallEntities2023-11-012024-10-3102258205ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3102258205ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3102258205ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3102258205ns10:FullAccounts2023-11-012024-10-3102258205ns10:Director32023-11-012024-10-3102258205ns10:CompanySecretary12023-11-012024-10-3102258205ns10:RegisteredOffice2023-11-012024-10-3102258205ns5:CurrentFinancialInstruments2024-10-3102258205ns5:CurrentFinancialInstruments2023-10-3102258205ns5:Non-currentFinancialInstruments2024-10-3102258205ns5:Non-currentFinancialInstruments2023-10-3102258205ns5:ShareCapital2024-10-3102258205ns5:ShareCapital2023-10-3102258205ns5:RevaluationReserve2024-10-3102258205ns5:RevaluationReserve2023-10-3102258205ns5:RetainedEarningsAccumulatedLosses2024-10-3102258205ns5:RetainedEarningsAccumulatedLosses2023-10-3102258205ns5:LandBuildings2023-10-3102258205ns5:FurnitureFittings2023-10-3102258205ns5:MotorVehicles2023-10-3102258205ns5:ComputerEquipment2023-10-3102258205ns5:LandBuildings2023-11-012024-10-3102258205ns5:FurnitureFittings2023-11-012024-10-3102258205ns5:MotorVehicles2023-11-012024-10-3102258205ns5:ComputerEquipment2023-11-012024-10-3102258205ns5:LandBuildings2024-10-3102258205ns5:FurnitureFittings2024-10-3102258205ns5:MotorVehicles2024-10-3102258205ns5:ComputerEquipment2024-10-3102258205ns5:LandBuildings2023-10-3102258205ns5:FurnitureFittings2023-10-3102258205ns5:MotorVehicles2023-10-3102258205ns5:ComputerEquipment2023-10-3102258205ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3102258205ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3102258205ns5:CurrentFinancialInstruments2023-11-012024-10-3102258205ns5:Non-currentFinancialInstruments2023-11-012024-10-3102258205ns5:DeferredTaxation2023-10-3102258205ns5:DeferredTaxation2023-11-012024-10-3102258205ns5:DeferredTaxation2024-10-3102258205ns5:RetainedEarningsAccumulatedLosses2023-10-3102258205ns5:RevaluationReserve2023-10-3102258205ns5:RetainedEarningsAccumulatedLosses2023-11-012024-10-31022582053ns10:Director32023-10-31022582053ns10:Director32022-10-31022582053ns10:Director32023-11-012024-10-31022582053ns10:Director32022-11-012023-10-31022582053ns10:Director32024-10-31022582053ns10:Director32023-10-31
REGISTERED NUMBER: 02258205 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Ardette Limited

Ardette Limited (Registered number: 02258205)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ardette Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: P L Francis
A P Galea
P J Francis





SECRETARY: P J Francis





REGISTERED OFFICE: Airport House
Suite 43-45
Purley Way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 02258205 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Ardette Limited (Registered number: 02258205)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 470,448 473,726

CURRENT ASSETS
Stocks 1,500 11,424
Debtors 5 6,970 124
Cash at bank 59,742 108,965
68,212 120,513
CREDITORS
Amounts falling due within one year 6 (225,569 ) (226,953 )
NET CURRENT LIABILITIES (157,357 ) (106,440 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,091

367,286

CREDITORS
Amounts falling due after more than one year 7 (281,434 ) (281,434 )

PROVISIONS FOR LIABILITIES 8 (17,672 ) (18,266 )
NET ASSETS 13,985 67,586

CAPITAL AND RESERVES
Called up share capital 12 12
Revaluation reserve 9 234,532 234,532
Retained earnings 9 (220,559 ) (166,958 )
13,985 67,586

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Ardette Limited (Registered number: 02258205)

Balance Sheet - continued
31 October 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 Statement Of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:




P L Francis - Director



A P Galea - Director


Ardette Limited (Registered number: 02258205)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Ardette 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 principal activity of the company during the year was that of providing a shooting range and facilities and services connected with it.

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.

TURNOVER
Turnover represents amounts receivable for goods and services net of VAT and trade discounts

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings FreeholdNil
Fixtures, fittings & equipment25% Reducing balance
Motor vehicles 25% Reducing balance
Computer equipment 25% Reducing balance


The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Revaluation of property

Directors consider the value of buildings to be at fair value. Changes in fair value are recognised in the statement of comprehensive income.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Ardette Limited (Registered number: 02258205)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Income and Retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

FOREIGN EXCHANGE
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Ardette Limited (Registered number: 02258205)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 454,500 32,113 24,284 339 511,236
Additions - 1,540 - 316 1,856
At 31 October 2024 454,500 33,653 24,284 655 513,092
DEPRECIATION
At 1 November 2023 - 26,004 11,435 71 37,510
Charge for year - 1,783 3,212 139 5,134
At 31 October 2024 - 27,787 14,647 210 42,644
NET BOOK VALUE
At 31 October 2024 454,500 5,866 9,637 445 470,448
At 31 October 2023 454,500 6,109 12,849 268 473,726

The fair value of the property has been arrived at on the basis of a valuation carried out by the directors at the balance sheet date based on their opinion of the open market value at that date. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,970 124

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 137
Taxation and social security 1,686 3,225
Other creditors 223,883 223,591
225,569 226,953

The directors consider the carrying amounts of current liabilities approximate to their fair values.
Other creditors of £133,540 reflects loans taken from family members.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 281,434 281,434

Ardette Limited (Registered number: 02258205)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The directors consider the carrying amounts of long term liabilities approximate to their fair values.
The above balance reflects loans taken from family members.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 17,672 18,266

Deferred
tax
£   
Balance at 1 November 2023 18,266
Provided during year (594 )
Balance at 31 October 2024 17,672

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 November 2023 (166,958 ) 234,532 67,574
Deficit for the year (53,601 ) (53,601 )
At 31 October 2024 (220,559 ) 234,532 13,973

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve

REVALUATION RESERVES
Revaluation reserve consist of revaluation adjustments and deferred tax in relation to plant and machineries. This is a non-distributable reserve.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
P J Francis
Balance outstanding at start of year (88,240 ) (88,421 )
Amounts advanced 34 2,730
Amounts repaid (225 ) (2,549 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (88,431 ) (88,240 )

Ardette Limited (Registered number: 02258205)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

11. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in other creditors were amounts of £88,431 (2023: 88,240) due to the director - Patrick John Francis. This loan is interest free and repayable on demand.