REGISTERED NUMBER: 01960224 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ARDMAY ESTATE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C H Cheng-Morris

G S Mitchell

S J Hillier

REGISTERED OFFICE:

Unit 4 Mulgrave Chambers

26-28 Mulgrave Road

Sutton

Surrey

SM2 6LE

REGISTERED NUMBER:

01960224 (England and Wales)

ACCOUNTANTS:

THP Limited

Chartered Accountants

Unit 4 Mulgrave Chambers

26-28 Mulgrave Road

Sutton

Surrey

SM2 6LE

FIXED ASSETS

Tangible assets

4

6,374

6,374

CURRENT ASSETS

Debtors

5

192

360

Cash at bank

12,984

12,748

13,176

13,108

CREDITORS

Amounts falling due within one year

6

942

894

NET CURRENT ASSETS

12,234

12,214

TOTAL ASSETS LESS CURRENT LIABILITIES

18,608

18,588

CAPITAL AND RESERVES

Called up share capital

7

30

30

Capital reserve

8

6,374

6,374

Maintenance reserve

8

12,204

12,184

SHAREHOLDERS' FUNDS

18,608

18,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

C H Cheng-Morris - Director

G S Mitchell - Director

S J Hillier - Director

1.	STATUTORY INFORMATION

Ardmay Estate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The directors, having considered all the information available, are confident that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the directors are satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable from members for services supplied, net of any credits or discounts.

Revenue is recognised in the accounting period in which the services were rendered and represents service charges receivable from members.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land

-

not provided

The amount stated in the accounts represents the acquisition costs of Freehold land.

Taxation

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. No liability to corporation tax arises on the ordinary activities of the company as it is a non-profit making organisation.

Maintenance reserve

The maintenance reserve comprises sums set aside to carry forward as a provision against future costs. Such provision is considered prudent to enable the company to manage the property.

Profit and loss account

It is considered that the activities of the company do not give rise to a profit or loss due to its nature of mutual trading. Any excess of management fees levied over current expenditure will be retained in the maintenance reserve.

Capital reserve

This reserve represents a historical amount set aside when the company purchased the freehold land and is non-distributable whilst the freehold land remains on the balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

land

£

COST

At 1 January 2024

and 31 December 2024

6,374

NET BOOK VALUE

At 31 December 2024

6,374

At 31 December 2023

6,374

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Service charges in arrears

60

360

Prepayments

132

-

192

360

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Accrued expenses

942

894

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

30

Ordinary

£1

30

30

8.

RESERVES

Maintenance

Capital

reserve

reserve

Totals

£

£

£

At 1 January 2024

12,184

6,374

18,558

Profit for the year

20

-

20

At 31 December 2024

12,204

6,374

18,578

Any surplus or deficit resulting from the current period's income and expenditure account is retained in the company's maintenance reserve fund. The present level of the fund may prove insufficient, given the uncertainty as to whether and when substantial costs may arise on the property. Any insufficient funds arising will be recharged to the members of the company.