REGISTERED NUMBER: 03719707 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

AYREFIELD DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Mr S Woods

Registered office:

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

Registered number:

03719707 (England and Wales)

Accountants:

Cowgills Limited

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

FIXED ASSETS

Tangible assets

4

6,692

2,538

Investment property

5

4,303,435

5,230,000

4,310,127

5,232,538

CURRENT ASSETS

Debtors

6

127,080

640,010

Cash at bank

62,521

11,185

189,601

651,195

CREDITORS

Amounts falling due within one year

7

953,862

23,601

NET CURRENT (LIABILITIES)/ASSETS

(764,261

)

627,594

TOTAL ASSETS LESS CURRENT LIABILITIES

3,545,866

5,860,132

CREDITORS

Amounts falling due after more than one year

8

-

(2,319,500

)

PROVISIONS FOR LIABILITIES

10

(131,200

)

(269,097

)

NET ASSETS

3,414,666

3,271,535

CAPITAL AND RESERVES

Called up share capital

11

947,418

947,418

Fair value reserve

961,657

1,363,505

Retained earnings

1,505,591

960,612

SHAREHOLDERS' FUNDS

3,414,666

3,271,535

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 director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

Mr S Woods - Director

1.	STATUTORY INFORMATION

Ayrefield Developments 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

4,068

39,000

43,068

Additions

6,887

111,258

118,145

Disposals

-

(150,258

)

(150,258

)

At 31 December 2024

10,955

-

10,955

DEPRECIATION

At 1 January 2024

4,025

36,505

40,530

Charge for year

238

499

737

Eliminated on disposal

-

(37,004

)

(37,004

)

At 31 December 2024

4,263

-

4,263

NET BOOK VALUE

At 31 December 2024

6,692

-

6,692

At 31 December 2023

43

2,495

2,538

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

5,230,000

Additions

255,935

Disposals

(1,182,500

)

At 31 December 2024

4,303,435

NET BOOK VALUE

At 31 December 2024

4,303,435

At 31 December 2023

5,230,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

2,069,086

Valuation in 2023

(992,697

)

Valuation in 2024

(926,565

)

Cost

4,153,611

4,303,435

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by associates

127,080

124,772

Other debtors

-

515,238

127,080

640,010

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

50,000

-

Hire purchase contracts

12,050

-

Amounts owed to associates

-

21,000

Other creditors

891,812

2,601

953,862

23,601

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

-

2,319,500

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

50,000

2,319,500

Bank loans are secured against the assets to which they relate. The Royal Bank of Scotland PLC, Lloyds Bank PLC and Wigan Council have individually lodged charges accordingly in their favour on various dates formally securing each individual asset.

10.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

131,200

269,097

Deferred

tax

£

Balance at 1 January 2024

269,097

Provided during year

(137,897

)

Balance at 31 December 2024

131,200

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

947,418

Ordinary

£1

947,418

947,418