Ardmhor Developments Limited 31/01/2026 iXBRL

Company registration number: SC353515

Ardmhor Developments Limited

Unaudited filleted financial statements

31 January 2026

Ardmhor Developments Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Ardmhor Developments Limited

Directors and other information


	Director	Mr Ronnie Smith


	Company number	SC353515


	Registered office	Unit 3 - 24 Munro Road
		Springkerse Industrial Estate
		Stirling
		FK7 7UU


	Business address	Unit 3 - 24 Munro Road
		Springkerse Industrial Estate
		Stirling
		FK7 7UU

Ardmhor Developments Limited

Statement of financial position

31 January 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	-		416
Investments	6	3,145,777		3,145,777
		_______		_______
			3,145,777		3,146,193

Current assets
Debtors	7	1,107,914		337,892
Cash at bank and in hand		140,611		22,990
		_______		_______
		1,248,525		360,882
Creditors: amounts falling due
within one year	8	( 2,728,388)		( 2,645,723)
		_______		_______
Net current liabilities			( 1,479,863)		( 2,284,841)
			_______		_______
Total assets less current liabilities			1,665,914		861,352

Creditors: amounts falling due
after more than one year	9		( 826,852)		( 2,348)

Provisions for liabilities			( 41,769)		( 46,182)

			_______		_______
Net assets			797,293		812,822
			_______		_______

Capital and reserves
Called up share capital			100		100
Revaluation reserve			398,243		398,243
Profit and loss account			398,950		414,479
			_______		_______
Shareholder funds			797,293		812,822
			_______		_______

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has 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 their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 September 2026 , and are signed on behalf of the board by:

Mr Ronnie Smith

Director

Company registration number: SC353515

Ardmhor Developments Limited

Notes to the financial statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit 3 - 24 Munro Road, Springkerse Industrial Estate, Stirling, FK7 7UU.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received for rental income net of Value Added Tax.Property is rented by companies in the group and all transactions are at arms length.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	33.33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

5. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 February 2025 and 31 January 2026	1,248	1,248
	_______	_______
Depreciation
At 1 February 2025	832	832
Charge for the year	416	416
	_______	_______
At 31 January 2026	1,248	1,248
	_______	_______
Carrying amount
At 31 January 2026	-	-
	_______	_______
At 31 January 2025	416	416
	_______	_______

6. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 February 2025 and 31 January 2026	3,145,777	3,145,777
	_______	_______
Impairment
At 1 February 2025 and 31 January 2026	-	-
	_______	_______
Carrying amount
At 31 January 2026	3,145,777	3,145,777
	_______	_______
At 31 January 2025	3,145,777	3,145,777
	_______	_______

7. Debtors

	2026	2025
	£	£
Other debtors	1,107,914	337,892
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	39,956	6,000
Trade creditors	3,570	3,588
Social security and other taxes	2,912	949
Other creditors	2,681,950	2,635,186
	_______	_______
	2,728,388	2,645,723
	_______	_______

Shawbrook Bank Limited holds a standing charge over the property in Stirling and a floating charge over the assets of the company.

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	826,852	2,348
	_______	_______

Shawbrook Bank Limited holds a standing charge over the property in Stirling and a floating charge over the assets of the company.

Included within creditors: amounts falling due after more than one year is an amount of £ 169,164 (2025 £ - ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Included within creditors: amounts falling due after more than one year is an amount of £ 476,850 (2025 £ - ) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.

This loan is payable monthly with interest charged on this loan at a rate of 7.24% pa until 17/12/2030 and then reverts to a margin of 4.59% Shawbrook base rate. This loan will complete on 17/12/2034 which will leave a lump sum payable of £476,850.

10. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2026	2025	2026	2025
	£	£	£	£
Ultimate Private Hire Ltd	694,520	9,480	742,700	48,180
Ultimate Shine Autos Limited	72,482	15,003	123,135	50,653
Ultimate Insulation Supplies Ltd	( 153,517)	23,422	( 291,119)	( 137,602)
Pro-Tex Floor Protection Limited	-	-	239,059	239,059
	_______	_______	_______	_______

During the year Ardmhor Developments Limited paid(received) amounts totalling £694,520 (31 January 2025: £9,480) to Ultimate Private Hire Ltd, a company jointly controlled by the shareholders, Mrs Linda Smith, wife of Mr Ronnie Smith and Mr Trevor Smith and Mr Darren Smith, both sons of Mr Ronnie Smith . During the year Ardmhor Developments Limited paid(received) amounts totalling £72,482 (31 January 2025: £15,003) to Ultimate Shine Autos Limited, a company controlled by shareholder, Mr Trevor Smith, son of Mr Ronnie Smith.During the year Ardmhor Developments Limited paid(received) amounts totalling £(153,517) (31 January 2025: £23,422) to Ultimate Insulation Supplies Ltd, a company controlled by shareholder, Mr Darren Smith, son of Mr Ronnie Smith.During the year Ardmhor Developments Limited paid(received) amounts totalling £- (31 January 2025: £-) to Pro-Tex Floor Protection Limited, a company controlled by Mr Darren Smith, son of Mr Ronnie Smith.