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Filleted

Registration number: 01008777

Arden Peat Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Arden Peat Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Arden Peat Limited

Company Information

Directors

Mrs K Blackwell

Mr G Meredith Jones

Registered office

The Old Vicarage
Manorbier
Tenby
Pembrokeshire
SA70 7TN

 

Arden Peat Limited

(Registration number: 01008777)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

6,340

6,340

Current assets

 

Cash at bank and in hand

 

225,665

113,587

Creditors: Amounts falling due within one year

5

(136,479)

(78,022)

Net current assets

 

89,186

35,565

Net assets

 

95,526

41,905

Capital and reserves

 

Called up share capital

1,000

1,000

Share premium reserve

6,487

6,487

Profit and loss account

88,039

34,418

Total equity

 

95,526

41,905

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 31 May 2025 and signed on its behalf by:
 

.........................................
Mrs K Blackwell
Director

.........................................
Mr G Meredith Jones
Director

 
     
 

Arden Peat Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Old Vicarage
Manorbier
Tenby
Pembrokeshire
SA70 7TN

These financial statements were authorised for issue by the Board on 31 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Arden Peat Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and Buildings

0%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Arden Peat Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2024

6,340

6,340

At 31 March 2025

6,340

6,340

Depreciation

Carrying amount

At 31 March 2025

6,340

6,340

At 31 March 2024

6,340

6,340

Included within the net book value of land and buildings above is £6,340 (2024 - £6,340) in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Directors' loan accounts

6

2,105

1,793

Corporation tax liability

 

132,874

75,688

Other creditors

 

1,500

541

 

136,479

78,022

6

Related party transactions

Transactions with directors

2025

At 1 April 2024
£

Advances to director
£

At 31 March 2025
£

Mrs K Blackwell

1,793

624

2,417

       
     

 

2024

At 1 April 2023
£

At 31 March 2024
£

Mrs K Blackwell

1,793

1,793

     
   

 

 

Arden Peat Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Other transactions with directors

The balance owing to the directors at the reporting date was £2,105 (2024 : £1,793). This loan is interest free and repayable on demand.