Registered Number
:
05514739
|
For the year ended 31 July 2019
England and Wales
Unaudited Financial Statements
Ardshieling Limited
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
266,237
267,928
2
200,000
200,000
3
466,237
467,928
Trade and other receivables
|
2,069
8,369
4
68,821
Cash and cash equivalents
|
74,355
82,724
70,890
Trade and other payables
:
amounts falling due within one
|
year
|
(13,562)
(38,936)
5
57,328
43,788
Net current assets
Total assets less current liabilities
|
510,025
525,256
510,025
Net assets
525,256
1
1
36,450
36,450
6
473,574
488,805
510,025
525,256
Shareholders' funds
For the year ended 31 July 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
|
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
|
394
and
395
and which otherwise comply with the requirements of the Companies Act
2006
relating to financial
|
statements
,
so far as applicable to the company
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 30 October 2019 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 July 2019
Ardshieling Limited
Notes to the Financial Statements
Statutory Information
Ardshieling Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
05514739
.
|
Principal place of business
:
|
8/12 East Pilton Farm Avenue
Edinburgh
EH5 2GB
21 Culverlands Close
Stanmore
Middlesex
HA7 3AG
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Investment property
Office & computer equipment
Motor vehicles
No depreciation is provided on the company
''
s freehold properties since in the opinion of the directors the expected
|
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
|
would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
2 of 4
For the year ended 31 July 2019
Ardshieling Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Office
&
|
computer
|
equipment
|
Motor vehicles
296,548
4,698
31,850
260,000
388
388
-
-
260,000
31,850
5,086
296,936
Provision for depreciation and impairment
|
28,620
4,328
24,292
-
Charge for year
2,079
189
1,890
-
30,699
4,517
26,182
-
260,000
5,668
569
266,237
260,000
7,558
370
267,928
3
.
Investments held as fixed assets
|
200,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
4
.
Trade and other receivables
|
2018
2019
6,300
-
2,069
2,069
2,069
8,369
3 of 4
For the year ended 31 July 2019
Ardshieling Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
36
96
Taxation and social security
|
10,271
1,005
28,629
12,461
38,936
13,562
Revaluation reserve at
01
August
2018
|
36,450
36,450
Revaluation reserve at
31
July
2019
|
4 of 4