2023-08-01 05514739 2024-07-31 05514739 2023-08-01 2024-07-31 05514739 2023-07-31 05514739 2022-08-01 2023-07-31 05514739 uk-core:WithinOneYear 2023-07-31 05514739 uk-core:WithinOneYear 2024-07-31 05514739 uk-core:ShareCapital 2024-07-31 05514739 uk-core:ShareCapital 2023-07-31 05514739 uk-core:RevaluationReserve 2024-07-31 05514739 uk-core:RevaluationReserve 2023-07-31 05514739 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 05514739 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 05514739 uk-bus:Director1 2023-08-01 2024-07-31 05514739 uk-core:InvestmentPropertyIncludedWithinPPE 2023-08-01 2024-07-31 05514739 uk-core:ToolsEquipment 2023-08-01 2024-07-31 05514739 uk-core:MotorCars 2023-08-01 2024-07-31 05514739 uk-core:ToolsEquipment 2023-07-31 05514739 uk-core:InvestmentPropertyIncludedWithinPPE 2023-07-31 05514739 uk-core:InvestmentPropertyIncludedWithinPPE 2024-07-31 05514739 uk-core:ToolsEquipment 2024-07-31 05514739 uk-core:CostValuation 2023-07-31 05514739 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-07-31 05514739 uk-core:DisposalsRepaymentsInvestments 2024-07-31 05514739 uk-core:DisposalsRepaymentsInvestments uk-core:Non-currentFinancialInstruments 2024-07-31 05514739 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-07-31 05514739 uk-core:CostValuation 2024-07-31 05514739 uk-core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments uk-core:Non-currentFinancialInstruments 2024-07-31 05514739 uk-core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-07-31 05514739 uk-core:Non-currentFinancialInstruments 2024-07-31 05514739 uk-core:Non-currentFinancialInstruments 2023-07-31 iso4217:GBP xbrli:pure 05514739 uk-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 05514739 uk-bus:FRS102 2023-08-01 2024-07-31 05514739 uk-bus:FilletedAccounts 2023-08-01 2024-07-31 05514739 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31
Ardshieling Limited
Registered Number:05514739
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
05514739
As at 31 July 2024
Ardshieling Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
290,137
287,682
2
Financial assets
80,000
35,580
3
325,717
367,682
Current assets
Trade and other receivables
1,775
1,775
4
35,441
Cash and cash equivalents
18,038
19,813
37,216
Trade and other payables: amounts falling due within one
year
(60,432)
(61,176)
5
(23,216)
(41,363)
Net current liabilities
Total assets less current liabilities
284,354
344,466
284,354
Net assets
344,466
Capital and reserves
Called up share capital
1
1
Revaluation reserve
66,450
63,950
6
Retained earnings
217,903
280,515
284,354
344,466
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
A Hall Director
These financial statements were approved and authorised for issue by the Board on 12 March 2025 and were signed by:
The notes form part of these financial statements
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3
For the year ended 31 July 2024
Ardshieling Limited
Notes to the Financial Statements
Statutory Information
Ardshieling Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05514739.
Principal place of business:
8/12 East Pilton Farm Avenue
Edinburgh
EH5 2GB
Registered address:
21 Culverlands Close
Stanmore
Middlesex
HA7 3AG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investment property
0% Reducing balance
25% Reducing balance
Office & computer equipment
25% Reducing balance
Motor vehicles
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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4
For the year ended 31 July 2024
Ardshieling Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Office &
computer
equipment
Investment
property
£
£
£
Cost or
valuation
At 01 August 2023
292,586
5,086
287,500
2,500
-
2,500
Revaluations
At 31 July 2024
290,000
5,086
295,086
Provision for depreciation and impairment
At 01 August 2023
4,904
4,904
-
Charge for year
45
45
-
At 31 July 2024
4,949
4,949
-
At 31 July 2024
Net book value
290,000
137
290,137
At 31 July 2023
287,500
182
287,682
3. Investments held as fixed assets
Other investments
Total
At 01 August 2023
80,000
80,000
Cost
£
£
Disposals/Repayments
(47,000)
(47,000)
At 31 July 2024
33,000
33,000
Other adjustments
(2,580)
(2,580)
At 31 July 2024
Net book value
35,580
35,580
At 01 August 2023
80,000
80,000
4. Trade and other receivables
2023
2024
£
£
Other debtors
1,775
1,775
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5
For the year ended 31 July 2024
Ardshieling Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
36
36
Taxation and social security
331
548
Other creditors
60,809
59,848
61,176
60,432
6. Reserves
Total
£
Revaluation reserve at 01 August 2023
66,450
66,450
Revaluation reserve at 31 July 2024
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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