Company registration number 14019955 (England and Wales)
ARDATH HOUSE BEXHILL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ARDATH HOUSE BEXHILL LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ARDATH HOUSE BEXHILL LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
3,488,710
1,575,395
Current assets
Debtors
4
301,923
430,720
Cash at bank and in hand
2,730
-
0
304,653
430,720
Creditors: amounts falling due within one year
5
(3,804,880)
(244,624)
Net current (liabilities)/assets
(3,500,227)
186,096
Total assets less current liabilities
(11,517)
1,761,491
Creditors: amounts falling due after more than one year
6
-
0
(1,768,495)
Net liabilities
(11,517)
(7,004)
Capital and reserves
Called up share capital
7
500
100
Profit and loss reserves
(12,017)
(7,104)
Total equity
(11,517)
(7,004)

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 March 2026 and are signed on its behalf by:
P J Lyons
Director
Company registration number 14019955 (England and Wales)
ARDATH HOUSE BEXHILL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Ardath House Bexhill Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Mary Sheridan House, 11-19 St. Thomas Street, London, England, SE1 9RY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis notwithstanding the fact that true the company has a deficiency on total equity at the end of the year. The director considers this basis to be appropriate as the company has completed a refinancing of the bank and other loans following the end of the financial year and has sufficient facilities available from its shareholders to fund its working capital requirements for a period of at least twelve months from the date these financial statements were approved.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

ARDATH HOUSE BEXHILL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, and shareholder loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Investment property
2025
£
Fair value
At 1 April 2024
1,575,395
Additions
1,913,315
At 31 March 2025
3,488,710

The fair value of the freehold investment property at the balance sheet date has been assessed by the director following a review of market data. The valuation was made on an open market value for existing use basis.

ARDATH HOUSE BEXHILL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
-
0
26,375
Prepayments and accrued income
301,923
404,345
301,923
430,720
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,300,000
8
Other loans
235,000
-
0
Trade creditors
16,320
13,020
Other creditors
249,896
224,960
Accruals and deferred income
3,664
6,636
3,804,880
244,624

Bank loans and other loans are secured against investment property.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
0
1,533,495
Other loans
-
0
235,000
-
0
1,768,495

Bank loans and other loans are secured against investment property.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
500
100
500
100
8
Events after the reporting date

In May 2025, the company refinanced its bank loan totalling £3,300,000 and other loan totalling £235,000 into a new facilit y with a term of up to 10 years. In November 2025, an additional £400,000 facility was drawndown with a term of 12 months.

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