Caseware UK (AP4) 2023.0.135 2023.0.135 2025-05-162025-05-162025-05-16The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": the requirements of Section 7 Statement of Cash Flows; the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c); the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; the requirements of Section 33 Related Party Disclosures paragraph 33.7.Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.truefalse0truetruetruetrue2024-01-010truefalse NI013137 2024-01-01 2024-12-31 NI013137 2023-01-01 2023-12-31 NI013137 2024-12-31 NI013137 2023-12-31 NI013137 1 2024-01-01 2024-12-31 NI013137 d:CompanySecretary1 2024-01-01 2024-12-31 NI013137 d:CompanySecretary1 2024-12-31 NI013137 d:Director2 2024-01-01 2024-12-31 NI013137 d:Director2 2024-12-31 NI013137 d:Director3 2024-01-01 2024-12-31 NI013137 d:Director3 2024-12-31 NI013137 d:Director4 2024-01-01 2024-12-31 NI013137 d:Director4 2024-12-31 NI013137 d:Director5 2024-01-01 2024-12-31 NI013137 d:Director5 2024-12-31 NI013137 d:RegisteredOffice 2024-01-01 2024-12-31 NI013137 d:Agent1 2024-01-01 2024-12-31 NI013137 c:Buildings 2024-01-01 2024-12-31 NI013137 c:Buildings 2024-12-31 NI013137 c:Buildings 2023-12-31 NI013137 c:CurrentFinancialInstruments 2024-12-31 NI013137 c:CurrentFinancialInstruments 2023-12-31 NI013137 c:ShareCapital 2024-01-01 2024-12-31 NI013137 c:ShareCapital 2024-12-31 NI013137 c:ShareCapital 2023-12-31 NI013137 c:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 NI013137 c:RetainedEarningsAccumulatedLosses 2024-12-31 NI013137 c:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 NI013137 c:RetainedEarningsAccumulatedLosses 2023-12-31 NI013137 c:RetainedEarningsAccumulatedLosses 2023-01-01 NI013137 d:OrdinaryShareClass1 2024-01-01 2024-12-31 NI013137 d:OrdinaryShareClass1 2023-01-01 2023-12-31 NI013137 d:OrdinaryShareClass1 2024-12-31 NI013137 d:OrdinaryShareClass1 2023-12-31 NI013137 d:EntityNoLongerTradingButTradedInPast 2024-01-01 2024-12-31 NI013137 d:FRS102 2024-01-01 2024-12-31 NI013137 d:Audited 2024-01-01 2024-12-31 NI013137 d:FullAccounts 2024-01-01 2024-12-31 NI013137 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI013137 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

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Financial Statements
Ardmac Contracts Limited
For the financial year ended 31 December 2024





































Registered number: NI013137

 
Ardmac Contracts Limited
 

Company Information


Directors
Ronan Quinn (resigned 18 July 2024)
Roy Millar (resigned 18 July 2024)
Luis Borges (appointed 18 July 2024)
Vanessa De Mira Moura Bras (appointed 18 July 2024)




Company secretary
Neil Parkinson (resigned 18 July 2024)
Daniel Lane (appointed 18 July 2024)



Registered number
NI013137



Registered office
15 Annesborough Industrial Estate
Craigavon

Armagh

BT67 9JD




Independent auditor
Grant Thornton
Chartered Accountants &  
Statutory Auditors

13-18 City Quay

Dublin 2




Bankers
AIB
Swords

Co. Dublin




Solicitors
William Fry Solicitors
2 Grand Canal Square

Dublin 2





 
Ardmac Contracts Limited
 

Contents



Page
Directors' report
1
Directors' responsibilities statement
2
Independent auditor's report
3 - 6
Statement of income and retained earnings
7
Statement of financial position
8
Notes to the financial statements
9 - 13


 
Ardmac Contracts Limited
 
 
Directors' report
For the financial year ended 31 December 2024

The directors present their report and the financial statements for the financial year ended 31 December 2024.

Principal activity

Ardmac Contracts Limited ("the Company") is dormant and has not traded during the year.

Directors

The directors who served during the financial year were:

Ronan Quinn (resigned 18 July 2024)
Roy Millar (resigned 18 July 2024)
Luis Borges (appointed 18 July 2024)
Vanessa De Mira Moura Bras (appointed 18 July 2024)

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Auditor

The auditor, Grant Thorntonwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 


Luis Borges
Director
Vanessa De Mira Moura Bras
Director


Date: 16 May 2025

Page 1

 
Ardmac Contracts Limited
 

Directors' responsibilities statement
For the financial year ended 31 December 2024

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:

select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the board


Luis Borges
Vanessa De Mira Mourda Bras
Director
Director

Date 16 May 2025


Page 2

 
 
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Independent auditor's report to the members of Ardmac Contracts Limited
 
Opinion


We have audited the financial statements of Ardmac Contracts Limited which comprise the Statement of income and retained earnings, the Statement of financial position for the financial year ended 31 December 2024, and the related notes to the financial statements, including a summary of  significant accounting policies.  

The financial reporting framework that has been applied in the preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion, Ardmac Contracts Limited's financial statements:


give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice of the assets, liabilities and financial position of the Company as at 31 December 2024 and of its financial performance for the financial year then ended; and


have been prepared in accordance with the requirements of the Companies Act 2006.



Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) ('ISAs (UK)') and applicable law. Our responsibilities under those standards are further described in the 'Responsibilities of the auditor for the audit of the financial statements' section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, namely the FRC's Ethical Standard and the ethical pronouncements established by Chartered Accountants Ireland, applied as determined to be appropriate in the circumstances of the entity. We have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

Our responsibilities, and the responsibilities of the directors, with respect to going concern are described in the relevant sections of this report.
 
Page 3

 
 
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Independent auditor's report to the members of Ardmac Contracts Limited (continued)



Other information


Other information comprises the information included in the annual report, other than the financial statements and our Auditor's report thereon, including the Directors' report . The directors are responsible for the other information. Our opinion on the financial statements does not cover the information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.


In connection with our audit of the financial statementsour responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies in the financial statements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:
the information given in the Directors' report  for the financial year for which the financial statements are prepared is consistent with the financial statements, and 
the Directors' report  has been prepared in accordance with applicable legal requirements. 

Matters on which we are required to report by exception


In the light of the knowledge and understanding of the company and its environment we have obtained in the course of the audit, we have not identified material misstatements in the  Directors' report .

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit; or

the directors were not entitled to take advantage of the small companies' exemptions from the  requirement to prepare a strategic report or in preparing the Directors' report.

Page 4

 
 
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Independent auditor's report to the members of Ardmac Contracts Limited (continued)

Responsibilities of management and those charged with governance for the financial statements
 

Management is responsible for the preparation of the financial statements which give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice, including FRS102 and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
 
In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intend to liquidate the Company or to cease operations, or has no realistic alternative but to do so.


Those charged with governance are responsible for overseeing the Company's financial reporting process.

Responsibilities of the auditor for the audit of the financial statements
 

The objectives of an auditor are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes their opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of an auditor's responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISAs (UK).

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

Based on our understanding of the Company and industry, we identified that the principal risks of noncompliancewith laws and regulations related to compliance with data protection requirements in the jurisdictions in which the Company operates and holds data, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and local tax legislation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial performance and management bias through judgements and assumptions in significant accounting estimates, in particular in relation to significant one-off or unusual transactions. We apply professional scepticism through the audit to consider potential deliberate omission or concealment of significant transactions, or incomplete/inaccurate disclosures in the financial statement.
Page 5

 
 
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Independent auditor's report to the members of Ardmac Contracts Limited (continued)

Responsibilities of the auditor for the audit of the financial statements (continued)

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud (continued)

In response to these principal risks, our audit procedures included but were not limited to:
inquiries of management on the policies and procedures in place regarding compliance with laws and regulations, including consideration of known or suspected instances of non-compliance and whether they have knowledge of any actual, suspected or alleged fraud;
inspection of the Company’s regulatory and legal correspondence and review of minutes of board meetings during the year to corroborate inquiries made;
gaining an understanding of the internal controls established to mitigate risk related to fraud;
discussion amongst the engagement team in relation to the identified laws and regulations and regarding the risk of fraud, and remaining alert to any indications of non-compliance or opportunities for fraudulent manipulation of financial statements throughout the audit;
identifying and testing journal entries to address the risk of inappropriate journals and management override of controls;
designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing; 
challenging assumptions and judgements made by management in their significant accounting estimates; and 
review of the financial statement disclosures to underlying supporting documentation and inquiries of management.

The primary responsibility for the prevention and detection of irregularities including fraud rests with those charged with governance and management. As with any audit, there remains a risk of non-detection or irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or override of internal controls.

The purpose of our audit work and to whom we owe our responsibilities
 

This report is made solely to the Company’s members, as a body, in accordance with chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.


 
 
Cathal Kelly (Senior statutory auditor)
for and on behalf of
Grant Thornton
Chartered Accountants
& Statutory Auditors
13-18 City Quay
Dublin 2

Date: 16 May 2025
Page 6

 
Ardmac Contracts Limited
 

Statement of income and retained earnings
For the financial year ended 31 December 2024

2024
2023
£
£


Administrative expenses
(4,200)
(4,200)

Interest payable and similar expenses
-
(18)

Loss after tax
(4,200)
(4,218)



Retained earnings at the beginning of the financial year
106,157
110,375

Loss for the financial year
(4,200)
(4,218)

Retained earnings at the end of the financial year
101,957
106,157

The notes on pages 9 to 13 form part of these financial statements.

Page 7

 
Ardmac Contracts Limited
Registered number:NI013137

Statement of financial position
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
160,600
164,800

  
160,600
164,800

Current assets
  

Cash at bank and in hand
 5 
1,779
1,779

  
1,779
1,779

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(35,417)
(35,417)

Net current liabilities
  
 
 
(33,638)
 
 
(33,638)

Net assets
  
126,962
131,162


Capital and reserves
  

Called up share capital 
 7 
25,005
25,005

Profit and loss account
 8 
101,957
106,157

Shareholders' funds
  
126,962
131,162


The financial statements have been prepared 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 financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Luis Borges
Vanessa De Mira Moura Bras
Director
Director


Date: 16 May 2025

The notes on pages 9 to 13 form part of these financial statements.

Page 8

 
Ardmac Contracts Limited
 
 
Notes to the financial statements
For the financial year ended 31 December 2024

1.


General information

Ardmac Contracts Limited ("the Company") is dormant and has not traded during the year.
The Company is a private company limited by shares incorporated in the United Kingdom with a registered office at 15 Annesborough Industrial Estate, Craigavon, Armagh.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Ardmac Group Limited, immediate parent company, and Purever Negócios S.A., its ultimate parent company as at 31 December 2024 and these financial statements may be obtained from the Companies Registration Office and Instituto dos Registos e Notariado, respectively.

 
2.3

Going concern

Given the Company is not trading and the relationships with its Group the directors assess that the monies on hand are ample to satisfy the projected needs of the Company for the foreseeable term. Ardmac Limited will not demand collection of amounts owed which amounted to £35,417 until the Company has the financial capacity to settle its obligations and will also provide the financial support necessary to enable the Company to meet their liabilities as they fall due to the extent the Company has insufficient resources to meet its liabilities. 

Page 9

 
Ardmac Contracts Limited
 

Notes to the financial statements
For the financial year ended 31 December 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Freehold property
-
50
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
Page 10

 
Ardmac Contracts Limited
 

Notes to the financial statements
For the financial year ended 31 December 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023: £Nil).

Page 11

 
Ardmac Contracts Limited
 
 
Notes to the financial statements
For the financial year ended 31 December 2024

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 January 2024
210,000



At 31 December 2024

210,000



Depreciation


At 1 January 2024
45,200


Charge for the financial year
4,200



At 31 December 2024

49,400



Net book value



At 31 December 2024
160,600



At 31 December 2023
164,800

The freehold property is owned by the Company and used by group companies under common control.


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,779
1,779



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
35,417
35,417


Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

Page 12

 
Ardmac Contracts Limited
 
 
Notes to the financial statements
For the financial year ended 31 December 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



25,005 (2023: 25,005) Ordinary shares of £1.00 each
25,005
25,005



8.


Reserves

Called up share capital

Represents the nominal value of shares that have been issued.

Profit and loss account

includes all current and prior period retained profits and losses.


9.


Related party transactions

The Company has availed of the exemption in FRS 102 Section 33, Paragraph 33.1A which allows non disclosure of transactions between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

10.


Post balance sheet events

There have been no significant events affecting the Company since the financial year end. The directors do not envisage any substantial changes to the nature of the business in the foreseeable future.


11.


Controlling party

In July 2024, Kakapuka Limited, previous ultimate parent company, was acquired by PI Insulation Engineering Limited, resulting in a change of control over the group. As a result of this acquisition, the ultimate parent company of the Company is now Purever - Negócios e Gestão, S.A., a company incorporated and registered in Portugal, while its immediate parent company is Ardmac Group Limited, a company incorporated and registered in the Republic of Ireland.

The smallest and largest consolidated accounts to include the results of the Company are prepared by Ardmac Group Limited. These financial statements are publicly available at the Companies Registration Office in the Republic of Ireland.


Page 13