Company Registration number: 01887378

Ian Armstrong (Carlisle) Limited

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 9

Ian Armstrong (Carlisle) Limited

Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	128,532	186,705
Investment property	5	3,944,431	3,944,431
Other financial assets	6	959,678	938,422
		5,032,641	5,069,558
Current assets
Debtors	7	2,510,947	3,044,050
Cash at bank and in hand		1,990,506	1,233,367
		4,501,453	4,277,417
Creditors: Amounts falling due within one year	8	(192,588)	(199,607)
Net current assets		4,308,865	4,077,810
Total assets less current liabilities		9,341,506	9,147,368
Provisions for liabilities		(95,842)	(102,213)
Net assets		9,245,664	9,045,155
Capital and reserves
Called up share capital		10,520	10,520
Retained earnings		9,235,144	9,034,635
Shareholders' funds		9,245,664	9,045,155

Ian Armstrong (Carlisle) Limited

Balance Sheet as at 31 March 2025 (continued)

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.

Director's 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 director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 August 2025
 

......................................... Mr I Armstrong Company secretary and director

Company registration number: 01887378

Ian Armstrong (Carlisle) 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 and Wales.

The address of its registered office is:
14 Lingyclose Road
Dalston
Carlisle
CA5 7LB
 

These financial statements were authorised for issue by the director on 22 August 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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Ian Armstrong (Carlisle) Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

2	ACCOUNTING POLICIES (continued)

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Taxation

The tax expense for the period comprises current and deferred 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 corporation 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

Ian Armstrong (Carlisle) Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Motor vehicles	25% reducing balance
Office equipment	25% reducing balance

Investment property

Investment property is initially recorded at cost which includes purchase price and any directly attributable expenditure.

Investment property is revalued to it's fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost and revalued to their fair value at each reporting date. Any changes in fair value are recognised in profit or loss.

Loan debtors

Interest receivable from loan agreement debtors is credited to the profit and loss account on a sum of digit basis over the term of the agreement. The capital element of the future repayments is stated in the balance sheet as debtors.

Hire purchase and leasing

Interest receivable from hire purchase and lease agreements is credited to the profit and loss account on a sum of digits basis over the term of the agreement. The capital element of the future repayments is stated in the balance sheet as debtors.

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.

Ian Armstrong (Carlisle) Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3	STAFF NUMBERS

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

Ian Armstrong (Carlisle) Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

4	TANGIBLE ASSETS

	Plant and machinery £	Motor vehicles  £	Equipment  £	Total £
Cost or valuation
At 1 April 2024	256,973	137,750	24,650	419,373
Additions	6,758	-	-	6,758
Disposals	-	(111,000)	-	(111,000)
At 31 March 2025	263,731	26,750	24,650	315,131
Depreciation
At 1 April 2024	121,347	86,671	24,650	232,668
Charge for the year	20,905	2,351	-	23,256
Eliminated on disposal	-	(69,325)	-	(69,325)
At 31 March 2025	142,252	19,697	24,650	186,599
Carrying amount
At 31 March 2025	121,479	7,053	-	128,532
At 31 March 2024	135,626	51,079	-	186,705

5	INVESTMENT PROPERTIES

	2025 £
At 1 April 2024	3,944,431
At 31 March 2025	3,944,431

The directors consider this to be the fair value of the property.

Ian Armstrong (Carlisle) Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

6	OTHER FINANCIAL ASSETS

	Financial assets at cost less impairment £	Total £
Other investments
Cost or valuation
At 1 April 2024	938,422	938,422
Revaluations	6,998	6,998
Additions	120,116	120,116
Disposals	(105,858)	(105,858)
At 31 March 2025	959,678	959,678
Carrying amount
At 31 March 2025	959,678	959,678

The investments have been valued during the previous and current financial year as per investment reports received.

In respect of investments held at valuation, the aggregate cost less depreciation, and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model were £704,840 (2024: £680,795).
 

Ian Armstrong (Carlisle) Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

7

DEBTORS

Current	2025 £	2024 £
Trade debtors	88,003	134,840
Prepayments	9,452	15,613
Other debtors	2,413,492	2,893,597
	2,510,947	3,044,050

8

CREDITORS

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	64,870	71,727
Taxation and social security	116,013	116,175
Accruals and deferred income	11,635	11,635
Other creditors	70	70
	192,588	199,607