REGISTERED NUMBER: 09059100 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ARDL REAL ESTATE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R Lamba

R L Lamba

REGISTERED OFFICE:

3 Park Square

Leeds

West Yorkshire

LS1 2NE

REGISTERED NUMBER:

09059100 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

4

390

903

Investment property

5

1,662,773

1,662,773

1,663,163

1,663,676

CURRENT ASSETS

Debtors

6

3,069

12,307

Cash at bank

33,332

18,561

36,401

30,868

CREDITORS

Amounts falling due within one year

7

10,035

15,154

NET CURRENT ASSETS

26,366

15,714

TOTAL ASSETS LESS CURRENT LIABILITIES

1,689,529

1,679,390

CREDITORS

Amounts falling due after more than one year

8

(1,238,177

)

(1,217,406

)

PROVISIONS FOR LIABILITIES

(74

)

(171

)

NET ASSETS

451,278

461,813

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

451,178

461,713

SHAREHOLDERS' FUNDS

451,278

461,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 23 December 2025 and were signed on its behalf by:

R L Lamba - Director

1.	STATUTORY INFORMATION

Ardl Real Estate Ltd 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.

Significant judgements and estimates

In applying the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities. Estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The main judgement concerns the likely future demand for the company's products and how that impacts on the carrying value of stock. The director has based his judgement on his considerable experience and understanding of the product and its marketplace.

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

-

25% on cost

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.

Financial instruments

The company enters into basic financial instrument transactions resulting in the recognition of financial assets and liabilities such as trade debtors and trade creditors, loans from banks and loans to and from related parties. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured at the undiscounted constitutes a financing transaction, such as the payment of a trade debt beyond normal business terms or financed at a non-market rate of interest, the financial asset or liability is measured at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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.

Rents receivable

Rents receivable represents the net rents receivable in the period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

10,593

DEPRECIATION

At 1 April 2024

9,690

Charge for year

513

At 31 March 2025

10,203

NET BOOK VALUE

At 31 March 2025

390

At 31 March 2024

903

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2024

and 31 March 2025

1,662,773

NET BOOK VALUE

At 31 March 2025

1,662,773

At 31 March 2024

1,662,773

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Sundry debtors and prepayments

303

303

Directors' current accounts

101

12,004

VAT

2,665

-

3,069

12,307

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,187

2,327

Corporation tax

-

2,663

Social security and other taxes

-

1,578

Directors' current accounts

4

-

Accrued expenses

8,844

8,586

10,035

15,154

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amount due to related undertaking

1,238,177

1,217,406

9.	RELATED PARTY DISCLOSURES

Ardl Real Estate Ltd and Lamba Properties Limited are related by virtue of common control.

At the year end, the balance on the loan due to Lamba Properties Limited was £1,238,177 (2024: £1,217,406). Interest is charged on the amount outstanding at the Bank of England Base Rate plus 0.25%. During the year, this amounted to £63,271 (2024: £64,239).