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Registration number: 03210041

Ardenrun Properties Limited Unaudited Financial Statements for the Year Ended 31 March 2025
Brebners Chartered Accountants 1 Suffolk Way Sevenoaks Kent TN13 1YL

Ardenrun Properties Limited

Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 4,136,880 | 4,136,880
Current assets |  |  |
Debtors | 5 | 91,629 | 74,342
Cash at bank and in hand |  | 215,818 | 227,418
|  | 307,447 | 301,760
Creditors: Amounts falling due within one year | 6 | (130,706) | (145,856)
Net current assets |  | 176,741 | 155,904
Total assets less current liabilities |  | 4,313,621 | 4,292,784
Provisions for liabilities |  | (290,878) | (290,878)
Net assets |  | 4,022,743 | 4,001,906
Capital and reserves |  |  |
Called up share capital |  | 10,000 | 10,000
Retained earnings |  | 4,012,743 | 3,991,906
Shareholders' funds |  | 4,022,743 | 4,001,906

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.

Directors' 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 directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

Ardenrun Properties Limited

Statement of Financial Position as at 31 March 2025

Approved and authorised by the Board on 5 December 2025 and signed on its behalf by:

.........................................

Mr C H Randell

Director

Company registration number: 03210041

Ardenrun Properties Limited

Notes to the Unaudited 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:
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of property investment.

2 | Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company had net assets at 31 March 2025 of £4,022,743 and continues to receive rental income as due and to trade profitably.
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the director has adopted the going concern basis for the preparation of these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of rental income in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises turnover from rental income evenly over the period of the leases and licences.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Ardenrun Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for 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.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0).

Ardenrun Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Investment properties

| 2025 £
Fair value |
At 1 April 2024 and 31 March 2025 | 4,136,880

The company's investment properties are reflected at fair value at 31 March 2025 as estimated by the directors at an amount of £4,136,880.

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 91,629 | 74,342
| 91,629 | 74,342

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Taxation and social security | 55,087 | 99,583
Accruals and deferred income | 70,108 | 41,890
Other creditors | 5,511 | 4,383
| 130,706 | 145,856

7 | Transactions with directors

During the year there were advances and repayments of £14,827. No interest was payable to the company and there were no agreed terms.

8 | Profit and loss reserve

The amount of the profit and loss reserve that is non-distributable amounts to £1,243,094 (2024: £1,243,094).