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Registered number: 13545062
ARDGOWAN HOMES (BOURNE END) LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024
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ARDGOWAN HOMES (BOURNE END) LTD
REGISTERED NUMBER: 13545062
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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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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ARDGOWAN HOMES (BOURNE END) LTD
REGISTERED NUMBER: 13545062
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 29 September 2025.
The notes on pages 3 to 6 form part of these financial statements.
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ARDGOWAN HOMES (BOURNE END) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Ardgowan Homes (Bourne End) Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Cheapside Court, Sunninghill Road, Ascot, SL5 7RF.
The company's principal activity is that of a property development company.
2.Accounting policies
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Basis of preparation of financial statements
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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:
The financial statements have been prepared on a going concern basis notwithstanding the net liabilities of £50,727 (2023 - £31,180). 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. The company has developed a residential property site and the properties are held in stock at cost price. It is envisaged that the selling price will be significantly higher and the company will realise profit on this sale. On this basis, the directors believe that the preparation of the accounts on a going concern basis is appropriate.
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.
All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.
Stock is comprised of freehold and leasehold properties held for trading and is included in the financial statements at the lower of cost and net realisable value.
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.
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ARDGOWAN HOMES (BOURNE END) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
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Cash and cash equivalents
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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.
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.
The average monthly number of employees, including directors, during the year was 4 (2023 - 4).
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Stock properties (at cost)
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Cash and cash equivalents
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ARDGOWAN HOMES (BOURNE END) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Loans are secured by a fixed and floating charge over the assets of the company.
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Creditors: Amounts falling due after more than one year
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Loans are secured by a fixed and floating charge over the assets of the company.
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Analysis of the maturity of loans is given below:
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Amounts falling due 1-2 years
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ARDGOWAN HOMES (BOURNE END) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Allotted, called up and fully paid
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4 Ordinary shares of £1 each
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Related party transactions
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At the year end, a net amount of £55,112 (2023 - £55,682) was due from (2023 - due to) the companies controlled by a common director.
Included within creditors falling due within one year is an amount of £1,039,942 (2023 - £1,033,630) due to the directors of the company.
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The ultimate controlling party are the directors by virtue of their 100% shareholding in the company.
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