Ardwick Ltd
Registered number: | 05763893
Statement of Financial Position
as at 31 March 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 4 |  |  | 1,121,736 |  |  | 1,110,000
Financial assets |  |  |  | 89,308 |  |  | 89,308
|  |  |  | 1,211,044 |  |  | 1,199,308
Current assets
Debtors | 5 |  | - |  |  | 100
Cash at bank and in hand |  |  | 2,194 |  |  | 3,156
|  |  | 2,194 |  |  | 3,256
Creditors: amounts falling due within one year | 6 |  | (127,798) |  |  | (128,623)
Net current liabilities |  |  |  | (125,604) |  |  | (125,367)
Total assets less current liabilities |  |  |  | 1,085,440 |  |  | 1,073,941
Creditors: amounts falling due after more than one year | 7 |  |  | (290,000) |  |  | (290,000)
Provisions for liabilities |  |  |  | (58,325) |  |  | (56,236)
Net assets |  |  |  | 737,115 |  |  | 727,705
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Revaluation reserve | 9 |  |  | 410,758 |  |  | 401,847
Profit and loss account |  |  |  | 326,257 |  |  | 325,758
Shareholders' funds |  |  |  | 737,115 |  |  | 727,705
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Walsh
Director
Approved by the board on 5 February 2026

Ardwick Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from property rental. Turnover from the rental is recognised by reference to the stage of completion of the tenancy.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Plant and machinery | 25% reducing balance
| Investments
| Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.
| Debtors
| Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Investment property
| Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.
0 | Audit information
2 | Exceptional items | 2025 |  | 2024
£ | £
| Value adjustments on fixed assets and current asset investments | (11,000) |  | -
|  |  |  |  |  | (11,000) |  | -
3 | Employees and directors | 2025 |  | 2024
Number | Number
| Average number of directors and persons employed by the company |  | 2 |  | 2
4 | Tangible fixed assets
|  |  |  | Investment property |  | Plant and machinery etc |  | Total
£ | £ | £
| Cost
| At 1 April 2024 | 1,110,000 |  | 5,532 |  | 1,115,532
| Additions | - |  | 1,099 |  | 1,099
| Fair value movements | 11,000 |  | - |  | 11,000
| Disposals | - |  | (999) |  | (999)
| At 31 March 2025 | 1,121,000 |  | 5,632 |  | 1,126,632
| Depreciation
| At 1 April 2024 | - |  | 5,532 |  | 5,532
| Charge for the year | - |  | 363 |  | 363
| On disposals | - |  | (999) |  | (999)
| At 31 March 2025 | - |  | 4,896 |  | 4,896
| Net book value
| At 31 March 2025 | 1,121,000 |  | 736 |  | 1,121,736
| At 31 March 2024 | 1,110,000 |  | - |  | 1,110,000
| Freehold land and buildings: | 2025 |  | 2024
£ | £
| Historical cost | 651,916 |  | 651,916
| Cumulative depreciation based on historical cost | - |  | -
|  |  |  |  |  | 651,916 |  | 651,916
5 | Debtors | 2025 |  | 2024
£ | £
| Prepayments | - |  | 100
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Accruals | 2,594 |  | 3,007
| Corporation tax | - |  | 3,080
| Other creditors | 125,204 |  | 122,536
|  |  |  |  |  | 127,798 |  | 128,623
7 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 290,000 |  | 290,000
8 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Secured bank loans | 290,000 |  | 290,000
| The loan contains a fixed charge against one of the investment properties and a floating charge over all assets.
9 | Fair value reserve | 2025 |  | 2024
£ | £
| At 1 April 2024 | 401,847 |  | 401,847
| Gain on revaluation of land and buildings | 11,000 |  | -
| Deferred taxation arising on the revaluation of land and buildings | (2,089) |  | -
| At 31 March 2025 | 410,758 |  | 401,847
10 | Other information
| Ardwick Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| 10 Middle Avenue
| Farnham
| Surrey
| GU9 8JL

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