Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312023-11-01falseproperty development company.34falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05114774 2023-11-01 2024-10-31 05114774 2022-11-01 2023-10-31 05114774 2024-10-31 05114774 2023-10-31 05114774 c:Director1 2023-11-01 2024-10-31 05114774 d:CurrentFinancialInstruments 2024-10-31 05114774 d:CurrentFinancialInstruments 2023-10-31 05114774 d:Non-currentFinancialInstruments 2024-10-31 05114774 d:Non-currentFinancialInstruments 2023-10-31 05114774 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 05114774 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 05114774 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 05114774 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 05114774 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 05114774 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 05114774 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 05114774 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 05114774 d:ShareCapital 2024-10-31 05114774 d:ShareCapital 2023-10-31 05114774 d:RetainedEarningsAccumulatedLosses 2024-10-31 05114774 d:RetainedEarningsAccumulatedLosses 2023-10-31 05114774 c:OrdinaryShareClass1 2023-11-01 2024-10-31 05114774 c:OrdinaryShareClass1 2024-10-31 05114774 c:FRS102 2023-11-01 2024-10-31 05114774 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05114774 c:FullAccounts 2023-11-01 2024-10-31 05114774 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05114774 2 2023-11-01 2024-10-31 05114774 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05114774









ARDGOWAN HOMES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
ARDGOWAN HOMES LIMITED
REGISTERED NUMBER: 05114774

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024


2024

2023
Note
£
£
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
67,356
138,586

Cash at bank and in hand
 5 
592
45,263

  
67,948
183,849

Creditors: amounts falling due within one year
 6 
(833,340)
(950,752)

Net current liabilities
  
 
 
(765,392)
 
 
(766,903)

Creditors: amounts falling due after more than one year
 7 
(6,065)
(15,948)

  

Net liabilities
  
(771,457)
(782,851)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(771,458)
(782,852)

  
(771,457)
(782,851)


Page 1

 
ARDGOWAN HOMES LIMITED
REGISTERED NUMBER: 05114774
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2025.




S Watt
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ARDGOWAN HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Ardgowan Homes Limited is company limited by shares, incorporated in England and Wales. The address of the registered office is First Floor, 3 Cheapside Court, Sunninghill Road, Ascot, Berkshire, SL5 7RF.
The company is a property development company.

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 following principal accounting policies have been applied:

  
2.2

Going concern

The financial statements have been prepared on a going concern basis not withstanding the net liabilities of £771,457 (2023 - £782,851). The directors have provided an undertaking that they will continue to support the company for the foreseeable future to enable the company's liabilities to be met as they fall due and specifically for a period of not less than twelve months from the date of signing these financial statements. On this basis, the directors believe that the preparation of the accounts on a going concern basis is appropriate.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Turnover on development and construction contracts is recognised by reference to the stage of completion of the contract activity as at the date of the Statement of financial position. This is normally measured by surveys of work performed to date. Where the outcome of the contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred that it is probably will be recovered. Where it is probable that contract costs will exceed total contract revenue, the expected loss is recognised immediately as an expense. 

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

Page 3

 
ARDGOWAN HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.7

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

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.

Page 4

 
ARDGOWAN HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.12

Creditors

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 average monthly number of employees, including directors, during the year was 3 (2023 - 4).


4.


Debtors

2024
2023
£
£


Trade debtors
22,331
1,472

Other debtors
45,025
131,125

Prepayments and accrued income
-
5,989

67,356
138,586



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
592
45,263

592
45,263



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
440,554
618,356

Other taxation and social security
130,015
38,251

Other creditors
259,271
290,645

Accruals and deferred income
3,500
3,500

833,340
950,752


Page 5

 
ARDGOWAN HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,065
15,948

6,065
15,948



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
6,065
10,000

Amounts falling due 2-5 years

Bank loans
-
5,948


6,065
15,948



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £0.01 each
1
1



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,018 (2023 - £3,390). Contributions totalling £925 (2023 - £659) were payable to the fund at the reporting date and are included in creditors.

Page 6

 
ARDGOWAN HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.


Related party transactions

During the year, the company was charged management charges of £135,000 (2023 - £135,000) by a company related by common control. A directors' loan balance of £3,176 (2023 - £25,241) was also transferred from this related party. At the year end, an amount of  £113,267 (2023 - £100,057) was due to the company
 
During the year, the company carried out building works on behalf of companies which had common directors and charged a total of £1,584,801 (2023 - £2,793,015). At the year end, an amount of £115,308 (2023 - £87,824) was due to the companies with common directors
 
At the year end, an amount of £Nil was due from the directors (2023 - £47,334) and is included in other debtors.


12.


Controlling party

The ultimate controlling party is S Watt.

 
Page 7