Ardenlee Capital Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI665549

Ardenlee Capital Ltd

Filleted Unaudited Financial Statements

31 March 2025

Ardenlee Capital Ltd

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	25,841	38,407
Investments	7	809,172	740,100
		---------	---------
		835,013	778,507

Current assets

Debtors	8	1	1
Cash at bank and in hand		20,584	200,971
		--------	---------
		20,585	200,972

Creditors: amounts falling due within one year	9	7,948	896
		--------	---------
Net current assets		12,637	200,076
		---------	---------
Total assets less current liabilities		847,650	978,583
		---------	---------

Capital and reserves

Called up share capital	10	1	1
Profit and loss account		847,649	978,582
		---------	---------
Shareholders funds		847,650	978,583
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ardenlee Capital Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 14 November 2025 , and are signed on behalf of the board by:

Mr Cecil Hetherington

Director

Company registration number: NI665549

Ardenlee Capital Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 7 Ardenlee Avenue, Belfast, BT6 0AA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	207,000	207,000
	---------	---------

6. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 April 2024	65,726
Additions	579
	--------
At 31 March 2025	66,305
	--------
Depreciation
At 1 April 2024	27,319
Charge for the year	13,145
	--------
At 31 March 2025	40,464
	--------
Carrying amount
At 31 March 2025	25,841
	--------
At 31 March 2024	38,407
	--------

7. Investments

	Shares in group undertakings	Other investments other than loans	Total
	£	£	£
Cost
At 1 April 2024	660,028	80,072	740,100
Additions	–	52,008	52,008
Disposals	–	( 28,908)	( 28,908)
Revaluations	–	45,972	45,972
	---------	---------	---------
At 31 March 2025	660,028	149,144	809,172
	---------	---------	---------
Impairment
At 1 April 2024 and 31 March 2025	–	–	–
	---------	---------	---------

Carrying amount
At 31 March 2025	660,028	149,144	809,172
	---------	---------	---------
At 31 March 2024	660,028	80,072	740,100
	---------	---------	---------

On 22nd January 2021, Ardenlee Capital Limited purchased 6.6% of the shares of Autonemo Limited for consideration of £22,500; at the year end they currently own 5.2% of the shares.

On 9th June 2023, Ardenlee Capital Limited purchased 2.2% of the shares of Pitchbooking Limited for consideration of £87,498; at the year end they currently own 2.2% of the shares.

On 3rd January 2024, Ardenlee Capital purchased 9.8% of the shares of Propertypal Limited for consideration of £550,030; at the year end they currently own 6.4% of the shares.

8. Debtors

	2025	2024
	£	£
Other debtors	1	1
	----	----

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	6,593	807
Other creditors	1,355	89
	-------	----
	7,948	896
	-------	----

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

11. Related party transactions

The company was under the control of Mr Cecil Hetherington , who is the sole shareholder.

12. Controlling party

The company is a private company, limited by shares. It is registered in Northern Ireland ( NI665549 ) with its registered office at 7 Ardenlee Avenue, Belfast, BT6 0AA.