Ardens Workplace Limited

(Registration number: 12541923)
Balance Sheet as at 31 March 2025

	Note	2025 £	As restated 2024 £
Fixed assets
Tangible assets	6	100,003	99,543
Current assets
Debtors	7	1,632,259	1,037,108
Investments	8	1,000,653	1,799,923
Cash at bank and in hand		197,608	281,372
		2,830,520	3,118,403
Creditors: Amounts falling due within one year	9	(2,354,643)	(2,578,869)
Net current assets		475,877	539,534
Total assets less current liabilities		575,880	639,077
Creditors: Amounts falling due after more than one year	9	(29,546)	(38,455)
Provisions for liabilities		(24,000)	(24,300)
Net assets		522,334	576,322
Capital and reserves
Called up share capital		1,150	1,150
Share premium reserve		2,548	2,548
Profit and loss account		518,636	572,624
Total equity		522,334	576,322

Ardens Workplace Limited

(Registration number: 12541923)
Balance Sheet as at 31 March 2025

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 subsidiary 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’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 30 March 2026 and signed on its behalf by:
 

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

Dr N Kamal
Director

Ardens Workplace Limited

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

1	Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Springfield Cottage Long Close West
Downton
Wiltshire
SP5 3HG
England

2	Accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future and for at least twelve months from the date of approval of these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Revenue comprises of licence subscriptions and set-up charges. Licence revenue is recognised over the length of the licencing period and deferred accordingly.

Ardens Workplace Limited

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Computer equipment	25% on cost
Motor vehicles	20% on cost
Fixtures and fittings	20% on cost

Intangible fixed assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Trademarks, patents and licenses	33% on cost

Research and development costs

Research and development costs are written off to profit or loss in the year incurred.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

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 recognised at the transaction price.

Ardens Workplace Limited

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

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past
event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 48 (2024 - 31).

Ardens Workplace Limited

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

4	Prior year adjustment

A short term money market fund was classified as cash and cash equivalents in the prior year but should have been disclosed as a current asset investment.

5	Intangible fixed assets

	Trademarks, patents and licenses  £
Cost
At 1 April 2024	600,000
At 31 March 2025	600,000
Amortisation
At 1 April 2024	600,000
At 31 March 2025	600,000
Carrying amount
At 31 March 2025	-
At 31 March 2024	-

Ardens Workplace Limited

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

6	Tangible fixed assets

	Computer equipment £	Motor vehicles  £	Fixtures and fittings £	Total £
Cost
At 1 April 2024	57,775	60,990	16,502	135,267
Additions	17,485	-	18,826	36,311
Disposals	(392)	-	(987)	(1,379)
At 31 March 2025	74,868	60,990	34,341	170,199
Depreciation
At 1 April 2024	17,864	16,264	1,596	35,724
Charge for the year	16,695	12,198	5,579	34,472
At 31 March 2025	34,559	28,462	7,175	70,196
Carrying amount
At 31 March 2025	40,309	32,528	27,166	100,003
At 31 March 2024	39,911	44,726	14,906	99,543

7	Debtors: amounts falling due within one year

	2025 £	2024 £
Trade debtors	460,576	276,230
Amounts owed by related undertakings	1,042,451	643,193
Other debtors	13,825	13,213
Prepayments	115,407	104,472
	1,632,259	1,037,108

8	Current asset investments

Investments represent a short term money market fund.

Ardens Workplace Limited

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

9

Creditors

	2025 £	2024 £
Amounts falling due within one year
Hire purchase and finance lease liability	8,369	7,829
Trade creditors	12,071	64,587
Intercompany loan	-	400,000
Taxation and social security	355,326	195,751
Other creditors	8,784	5,558
Corporation tax	4,919	35,195
Accruals and deferred income	1,965,174	1,869,949
	2,354,643	2,578,869
Due after one year
Hire purchase and finance lease liability	29,546	38,455
	29,546	38,455