ARMADA PROPERTY UK LTD


Directors	ASHFIELD, Edward David
	COGGINS, Benjamin Alan
	CURD, John
	LEWIS, Simon John


Registered Address	Greenwood Accountancy 5-7 Pellew Arcade
	Teign Street
	Teignmouth
	TQ14 8EB


Registered Number	12113463 (England and Wales)

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Vehicles	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	8		4

3.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 December 24	115,609	41,644	157,253
Additions	15,800	-	15,800
At 30 November 25	131,409	41,644	173,053
Depreciation and impairment
At 01 December 24	54,535	32,859	87,394
Charge for year	19,218	3,294	22,512
At 30 November 25	73,753	36,153	109,906
Net book value
At 30 November 25	57,656	5,491	63,147
At 30 November 24	61,074	8,785	69,859

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	15,000	15,000
Total	15,000	15,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	331,793	362,980
Other debtors	69,368	66,325
Prepayments and accrued income	1,250	1,250
Total	402,411	430,555

6.	Debtors: amounts due after one year

	2025	2024
	£	£
Other debtors	-	600
Total	-	600

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	326,461	189,694
Taxation and social security	48,472	70,813
Other creditors	147,234	143,304
Accrued liabilities and deferred income	1,554	975
Total	523,721	404,786

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	55,277	-
Other creditors	41,165	40,931
Total	96,442	40,931

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	41,164		40,931

10.	Related party transactions
	During the year the company took loans from TBS Consulting Ltd which is 70% controlled by similar directors and shareholders the balance at the end of the financial year totaled £15,761.33. During the year the company made loans to JCBC South West Ltd which is controlled by the same directors and shareholders the balance at the end of the financial year totaled £80,559.30. During the year the company made loans to Sova PDL Club Ltd which is controlled by the same directors and shareholders the balance at the end of the financial year totaled £347.29 During the year the company made loans to Total Building Solutions Ltd which is controlled by the same directors and shareholders the balance at the end of the financial year totaled £81.00 During the year the company made loans to PDL Club Ltd which is controlled by the same directors and shareholders the balance at the end of the financial year totaled £376.96 During the year the company made loans to Deuce PDL Club Ltd which is controlled by the same directors and shareholders the balance at the end of the financial year totaled £643.25

10.

Related party transactions

During the year the company took loans from TBS Consulting Ltd which is 70% controlled by similar directors and shareholders the balance at the end of the financial year totaled £15,761.33.

During the year the company made loans to JCBC South West Ltd which is controlled by the same directors and shareholders the balance at the end of the financial year totaled £80,559.30.

During the year the company made loans to Sova PDL Club Ltd which is controlled by the same directors and shareholders the balance at the end of the financial year totaled £347.29

During the year the company made loans to Total Building Solutions Ltd which is controlled by the same directors and shareholders the balance at the end of the financial year totaled £81.00

During the year the company made loans to PDL Club Ltd which is controlled by the same directors and shareholders the balance at the end of the financial year totaled £376.96

During the year the company made loans to Deuce PDL Club Ltd which is controlled by the same directors and shareholders the balance at the end of the financial year totaled £643.25

11.	Controlling party
	50% of the directors are the ultimate control by virtue of their shareholding.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		63,147		69,859
			63,147		69,859
Current assets
Stocks	4	15,000		15,000
Debtors	5,6	402,411		431,155
Cash at bank and on hand		276,149		62,156
		693,560		508,311
Creditors amounts falling due within one year	7	(523,721)		(404,786)
Net current assets (liabilities)			169,839		103,525
Total assets less current liabilities			232,986		173,384
Creditors amounts falling due after one year	8		(96,442)		(40,931)
Net assets			136,544		132,453
Capital and reserves
Called up share capital			100		100
Profit and loss account			136,444		132,353
Shareholders' funds			136,544		132,453