Registration number:
Ardtalla Estates Limited
for the Year Ended 31 December 2024
Ardtalla Estates Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
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Detailed Profit and Loss Account |
Ardtalla Estates Limited
Company Information
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Director |
Mr Tom Rowlands |
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Company secretary |
Mr Tom Rowlands |
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Registered office |
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Accountants |
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Solicitors |
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Ardtalla Estates Limited
(Registration number: SC053058)
Balance Sheet as at 31 December 2024
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Note |
2024 |
2023 |
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Fixed Assets |
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Tangible Assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
- |
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Net assets |
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Capital and Reserves |
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Called up share capital |
7,790,766 |
7,790,766 |
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Revaluation reserve |
2,929,236 |
2,929,236 |
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Retained Earnings |
(6,337,529) |
(5,951,476) |
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Shareholders' funds |
4,382,473 |
4,768,526 |
For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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......................................... |
Ardtalla Estates Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
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 on the going concern basis because the company's immediate parent company and principal creditor (Ardmore Investments Limited) has confirmed that although the loan is repayable on demand they will continue to support the company for the following 12 months. Thus the company has sufficient resources to meet all other known liabilities when they fall due.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover represents amounts receivable in respect of the principle activity of farming net of VAT and discounts.
Tangible Assets
Tangible assets are stated in the statement of financial position at cost or at a valuation provided by the Director, 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.
Ardtalla Estates Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
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:
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Asset class |
Depreciation method and rate |
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Land & freehold property |
Valuation provided by Director |
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Plant and machinery |
15% on cost |
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Fixtures and fittings |
15% on cost |
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Motor vehicles |
15% on cost |
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Wind turbine |
5% on cost |
Trade Debtors
Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade 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.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Ardtalla Estates Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
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.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Ardtalla Estates Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
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Tangible Assets |
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Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
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Cost or valuation |
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At 1 January 2024 |
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Additions |
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- |
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Disposals |
- |
- |
( |
( |
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At 31 December 2024 |
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Depreciation |
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At 1 January 2024 |
- |
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Charge for the year |
- |
- |
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At 31 December 2024 |
- |
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Carrying amount |
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At 31 December 2024 |
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- |
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At 31 December 2023 |
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- |
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Total |
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Cost or valuation |
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At 1 January 2024 |
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Additions |
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Disposals |
( |
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At 31 December 2024 |
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Depreciation |
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At 1 January 2024 |
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Charge for the year |
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At 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
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At 31 December 2023 |
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Included within the net book value of land and buildings above is £5,584,034 (2023 - £5,472,638) in respect of freehold land and buildings.
Ardtalla Estates Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
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Stocks |
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2024 |
2023 |
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Work in progress |
- |
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Other inventories |
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Debtors |
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2024 |
2023 |
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Trade Debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Trade Creditors |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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- |
Ardtalla Estates Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
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Share capital |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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7,790,666 |
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7,790,666 |
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Loans and borrowings |
Current loans and borrowings
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2024 |
2023 |
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Finance lease liabilities |
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Other borrowings |
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Obligations under leases and hire purchase contracts |
Finance leases
The total of future minimum lease payments is as follows:
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2024 |
2023 |
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Not later than one year |
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Later than one year and not later than five years |
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- |
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Ardtalla Estates Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2024
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2024 |
2023 |
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Turnover (analysed below) |
640,269 |
582,843 |
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Cost of sales (analysed below) |
(127,139) |
(124,339) |
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Gross profit |
513,130 |
458,504 |
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Gross profit (%) |
80.14% |
78.67% |
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Administrative expenses |
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Employment costs (analysed below) |
(244,546) |
(210,129) |
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Establishment costs (analysed below) |
(414,317) |
(298,398) |
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General administrative expenses (analysed below) |
(214,356) |
(199,561) |
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Finance charges (analysed below) |
(551) |
(558) |
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Depreciation costs (analysed below) |
(52,856) |
(61,991) |
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Other expenses (analysed below) |
25,048 |
417 |
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(901,578) |
(770,220) |
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Operating loss |
(388,448) |
(311,716) |
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Other interest receivable and similar income (analysed below) |
2,395 |
1,541 |
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Interest payable and similar charges (analysed below) |
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(345) |
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2,395 |
1,196 |
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Loss before tax |
(386,053) |
(310,520) |
Ardtalla Estates Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2024
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2024 |
2023 |
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Turnover |
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Livestock Sales |
200,439 |
189,359 |
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Games Sales |
12,492 |
9,108 |
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Subsidies |
226,619 |
201,903 |
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Sundry Sales |
10,899 |
15,220 |
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Shooting Lets |
58,157 |
52,493 |
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Holiday Lets |
59,760 |
41,452 |
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Ardmore Lets |
62,903 |
64,808 |
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House Rent receivable |
9,000 |
8,500 |
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640,269 |
582,843 |
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Cost of sales |
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Livestock Purchases |
(18,820) |
(18,925) |
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Game Expenses |
(35,603) |
(27,051) |
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Seeds & Fertiliser |
(26,711) |
(38,009) |
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Feeding Stuff |
(52,927) |
(64,516) |
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Forestry Costs |
(42,446) |
- |
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Marketing & Production |
(11,226) |
(9,301) |
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Stock Movements |
60,594 |
33,463 |
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(127,139) |
(124,339) |
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Employment costs |
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Wages and salaries (excluding directors) |
(225,631) |
(193,052) |
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Staff pensions (Defined contribution) |
(18,915) |
(17,077) |
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(244,546) |
(210,129) |
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Establishment costs |
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Rates |
(16,706) |
(10,567) |
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Light, heat and power |
(23,497) |
(28,232) |
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Insurance |
(27,320) |
(22,825) |
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Repairs and maintenance |
(302,818) |
(181,310) |
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Repairs and renewals |
(27,449) |
(26,439) |
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House costs |
(16,527) |
(29,025) |
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(414,317) |
(298,398) |
Ardtalla Estates Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2024
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2024 |
2023 |
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General administrative expenses |
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Telephone and fax |
(5,100) |
(5,663) |
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ATED Tax |
(4,400) |
(4,150) |
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Vetinary Expense |
(20,073) |
(18,121) |
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Sundry expenses |
(36,441) |
(18,087) |
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Motor expenses |
(65,913) |
(46,804) |
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Haulage |
(3,596) |
(4,782) |
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Advertising |
(1,077) |
(4,264) |
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Accountancy fees |
(230) |
(2,419) |
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Legal and professional fees |
(77,526) |
(95,271) |
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(214,356) |
(199,561) |
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Finance charges |
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Bank charges |
(551) |
(558) |
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Depreciation costs |
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Depreciation of plant and machinery (owned) |
(27,722) |
(38,355) |
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Depreciation of motor vehicles (owned) |
(25,134) |
(23,636) |
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(52,856) |
(61,991) |
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Other expenses |
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(Profit)/loss on disposal of tangible fixed assets |
25,048 |
417 |
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Other interest receivable and similar income |
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Bank interest receivable |
2,395 |
1,541 |
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Interest payable and similar expenses |
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Hire purchase interest |
- |
(345) |