SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
Form 10-KSB  (Mark One)  [X]ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the fiscal year ended December 31, 2007  [  ]TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to________________  Commission file number 000-23806  Ardmore Holding Corp (Name of small business issuer in its charter)  DELAWARE87-0046720(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)  1608 West 2225 South, Woods Cross, Utah84087(Address of principal executive offices)(Zip Code)  Issuer's telephone number (801) 295-3400 Securities registered under Section 12(b) of the Exchange Act: None  Securities registered under Section 12(g) of the Exchange Act: Common Stock, $.001 par Value   Check whether the issuer is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act.  [  ]  Note- Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Exchange Act from their obligations under those Sections.  1    Check
whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange
Act during the past 12 months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes [X]
    No [  ]  Check if there is no
disclosure of delinquent filers in
response to Item 405 of Regulation S-B contained in this form, and no disclosure will be contained,
to the best of registrant's knowledge, in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB.
[X]  Indicate by check mark whether the registrant is a shell
company (as defined in Rule 12b-2 of the Exchange Act).                  Yes [X]
    No [  ]  State issuer's revenues for its most recent fiscal year: $-0- State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was sold, or the average bid and asked price of such common equity, as of a specified date within the past 60 days. (See definition of affiliate in Rule 12b-2 of the Exchange Act.)  On March 27, 2008 the aggregate market value of the voting stock of Ardmore Holding Corp held by non-affiliates of the registrant was $103,400.  There are approximately 94,000 shares of voting stock of the Issuer held by non-affiliates.  These shares have been valued at $1.10 per share.  Note: If determining whether a person is an affiliate will involve an unreasonable effort and expense, the issuer may calculate the aggregate market value of the common equity held by non-affiliates on the basis of reasonable assumptions, if the assumptions are stated.  (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)  Check whether the issuer has filed all documents and
reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under
a plan confirmed by a court.                        Yes [  ]
    No [  ]  (APPLICABLE ONLY TO CORPORATE REGISTRANTS)  State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date.   1,000,198 shares of common stock, $.001 par value issued and outstanding as of March 27, 2008.  DOCUMENTS INCORPORATED BY REFERENCE  If the following documents are incorporated by reference, briefly describe them and identify the part of the Form 10-KSB (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) any annual report to security holders; (2) any proxy or information statement; and (3) any prospectus filed pursuant to Rule 424(b) or (c) of the Securities Act of 1933 ("Securities Act"). The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1990).  Transitional Small Business
 Disclosure Format (Check one): Yes [  ] ; No [X]  2    PART I  Item 1. Description of Business.  Our History  Ardmore Holding Corp, formerly I/NET, Inc. (the "Company" or "Ardmore") was organized under the
laws of the state of Delaware in 1986 under the name of a predecessor corporation. The Company registered
its initial public offering with the Securities and Exchange Commission in 1987. The Company provided
professional services in the areas of software development and Internet-related consulting for
businesses. It also developed and marketed computer software for mid-range computers,
including International Business Machine's (IBM) AS/400 model.  Ardmore's business consisted of
supporting software licenses to various customers employing the IBM AS/400 - iSeries computers.
The business has been declining over the years, and there are no plans to replace this business.  During 2007 and 2006, the Company
sold 875,000 post-stock split adjusted shares to Tryant, LLC, an unrelated party, which
represented over 85% of the Company's oustanding shares. Subsequently, the Company's management decided to
wind up all business operations related to the former products sold by I/NET. As a courtesy to
its former customers who were still using I/NET's software products, the Company contracted
with a former employee to provide ongoing software support. As this subcontractor has been compensated
for providing support services, he agreed to assume full responsibility for the support obligations.
With this transfer of obligation the Company has no other obligations to provide future services.  Our Business  Ardmore Holding Corp intends to seek, investigate, and if warranted, acquire an interest in a business opportunity.  We are not restricting our search to any particular industry or geographical area.  We may therefore engage in essentially any business in any industry.  Our management has unrestricted discretion in seeking and participating in a business opportunity, subject to the availability of such opportunities, economic conditions and other factors.  The selection of a business opportunity in which to participate is complex and extremely risky and will be made by management in the exercise of its business judgment.  There is no assurance that we will be able to identify and acquire any business opportunity which will ultimately prove to be beneficial to our Company and shareholders.  Because we have no specific business plan or expertise, our activities are subject to several significant risks.  In particular, any business acquisition or participation we pursue will likely be based on the decision of management without the consent, vote, or approval of our shareholders.  Sources of Opportunities  We anticipate that business opportunities may arise from various sources, including officers and directors, professional advisers, securities broker-dealers, venture capitalists, members of the financial community, and others who may present unsolicited proposals.  We will seek potential business opportunities from all known sources, but will rely principally on the personal contacts of our officers and directors as well as indirect associations between them and other business and professional people.  Although we do not anticipate engaging professional firms specializing in business acquisitions or reorganizations, we may retain such firms if management deems it in our best interests.  In some instances, we may publish notices or advertisements seeking a potential business opportunity in financial or trade publications.  3     Criteria  We will not restrict our search to any particular business, industry or geographical location.  We may acquire a business opportunity in any stage of development.  This includes opportunities involving "start up" or new companies.  In seeking a business venture, management will base their decisions on the business objective of seeking long-term capital appreciation in the real value of our Company.  We will not be controlled by an attempt to take advantage of an anticipated or perceived appeal of a specific industry, management group, or product.  In analyzing prospective business opportunities, management will consider the following factors:  * available technical, financial and managerial resources; * working capital and other financial requirements; * the history of operations, if any; * prospects for the future; * the nature of present and expected competition; * the quality and experience of management services which may be available and the depth of the management; * the potential for further research, development or exploration; * the potential for growth and expansion; * the potential for profit; * the perceived public recognition or acceptance of products, services, trade or service marks, name identification; and other relevant factors.  Generally, our management will analyze all available factors and make a determination based upon a composite of available facts, without relying on any single factor.  Methods of Participation of Acquisition  Management will review specific business opportunities and then select the most suitable opportunities based on legal structure or method of participation.  Such structures and methods may include, but are not limited to, leases, purchase and sale agreements, licenses, joint ventures, other contractual arrangements, and may involve a reorganization, merger or consolidation transaction.  Management may act directly or indirectly through an interest in a partnership, corporation, or other form of organization.  Procedures  As part of our investigation of business opportunities, officers and directors may meet personally with management and key personnel of the firm sponsoring the business opportunity.  We may visit and inspect material facilities, obtain independent analysis or verification of certain information provided, check references of management and key personnel, and conduct other reasonable measures.  We will generally ask to be provided with written materials regarding the business opportunity.  These materials may include the following:  * descriptions of product, service and company history; management resumes; * financial information; * available projections with related assumptions upon which they are based; * an explanation of proprietary products and services; * evidence of existing patents, trademarks or service marks or rights thereto;  4    * present and proposed forms of compensation to management; * a description of transactions between the prospective entity and its affiliates; * relevant analysis of risks and competitive conditions; * a financial plan of operation and estimated capital requirements; and other information deemed relevant.  Competition  We expect to encounter substantial competition in our efforts to participate in a business opportunity.  The primary competition is from other companies organized and funded for similar purposes, small venture capital partnerships and corporations, small business investment companies and wealthy individuals.  Employees  We do not have any employees and do not anticipate hiring additional employees until our operations resume and expand to such a degree that necessitates hiring auxiliary staff. Our officers and directors will contribute the necessary time and resources to manage the Company, but will not be compensated.  Subsequent Events  None.  Item 2. Description of Property.  We do not currently own any property.  We utilize office space in Woods Cross, Utah where our president provides office space at no charge.  We will not seek independent office space until we pursue a viable business opportunity and recognize income.  Item 3. Legal Proceedings.  None.  Item 4. Submission of Matters to a Vote of Security Holders.  On April 15, 2007, the Board of Directors of I/NET, Inc., unanimously approved amendments to the Company's
Certificate of Incorporation to (i) effect a reverse stock split whereby all outstanding shares of the Company's
$.001 par value common stock ("Common Stock") will be reverse split on a 1-for-200 share basis; (ii) increase the
authorized capital so that the Company is authorized to issue one hundred million (100,000,000) shares of $0.001
par value of Common Stock and ten million (10,000,000) shares of $0.001 par value of preferred stock, which
preferred stock is issuable in such series and designations as may be authorized by the Company's board of
directors; and (iii) change the name of the Company to Ardmore Holding Corporation. On April 16, 2007, these
amendments were approved by holders of a majority of the Common Stock.   5     PART II  Item 5. Market for Common Equity and Related Stockholder Matters.  The Company's common stock is listed on the OTCBB under the ticker "AHLN". The approximate high and low bid prices for 2006 through 2007 were summarized by quarter below:  2006*2007*Q1Q2Q3Q4Q1Q2Q3Q4Hi$1.60$1.60$4.00$2.40$3.60$2.80$1.20$1.10Low$1.20$1.20$1.20$1.20$1.80$1.20$1.10$1.10    The above quotations, as provided by OTC Bulletin Board, represent prices between dealers and do not include retail markup, markdown or commission.  In addition, these quotations do not represent actual transactions.  Holders  The number of record holders of the Company's common stock as of December 31, 2007, was 285. There were approximately 3,000 beneficial holders as of that date.  Dividends  There are currently present material restrictions that limit the ability of the Company to pay dividends on its common stock as it has a deficit in its stockholders' equity. The Company has not paid any dividends with respect to its common stock nor does it intend to do so in the foreseeable future.  Item 6. Management's Discussion and Analysis or Plan of Operation.  Forward Looking Statements  This report contains certain forward-looking statements as defined by the Securities Act of 1933 and the Securities Exchange Act of 1934.  Ardmore Holding Corp cautions readers that expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements.  Words such as "May," "Will," "Expect," "Believe," "Anticipate," "Intend," and comparable terminology are intended to identify forward-looking statements but are not the exclusive means of identifying such statements.  These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those currently anticipated or discussed in this report.  Factors that may affect our results include, but are not limited to, market acceptance of our products and technologies, our ability to secure financing, potential competition from other companies with greater technical and marketing resources, and other factors described in our filings with the Securities and Exchange Commission.  Plan of Operation  The Company had limited operations in 2007
and generated $0 in revenue for the year ended December 31, 2007 and revenue of $15,475 for the
year ended December 31, 2006. The Company decided to wind down its operations in the summer of 2006.
The Company's plan is to seek a business venture in which to participate. The selection of a business
opportunity in which to participate is complex and extremely risky and will be made by management in
the exercise of its business judgment. There is no assurance that the Company will be able to identify
and acquire any business opportunity that will ultimately prove to be beneficial to the Company and its
shareholders.  6     The Company is pursuing its search for a business opportunity primarily through its officers and directors, although other sources, such as professional advisors, securities broker-dealers, venture capitalists, members of the financial community, and others, may present unsolicited proposals.  The activities of the Company are subject to several significant risks that arise primarily as a result of the fact that the Company has no specific business and may acquire or participate in a business opportunity based on the decision of management which will, in all probability, act without the consent, vote, or approval of the Company's shareholders. A description of the manner in which the Company will pursue the search for and participation in a business venture is described above.  Although the Company has no operations,
it does incur expenses in connection with complying with reporting requirements under the Securities
Exchange Act of 1934. General and administrative expenses for the fiscal years ended December 31, 2007
and 2006 were $36,013 and $5,483 respectively, which resulted in a net loss for 2007. Interest expense to related parties was $0 for the fiscal
year ended December 31, 2007 and $1,428 for the fiscal year ended December 31, 2006.  The Company had net
income for the fiscal year ended December 31, 2006 of $19,787 due to notes that had portions forgiven.
Expenses consisted of professional fees
to carry on software support, other professional fees and expenses incurred to prepare financial statements
and periodic reports filed by the Company with the Securities and Exchange Commission. Funds required to pay
these expenses were obtained through loans from various sources and the issuance of stock.  The Company does not expect to generate any meaningful revenue unless and until it acquires an interest in an operating business. At that time, the Company will evaluate the need to hire additional employees.  Liquidity and Capital
Resources  As of December 31, 2007,
the Company had $23 in cash and no other
assets.  Liabilities were $84,101 as of December 31, 2007 and consisted
 of $30,568 in accounts payable, $32,500 in advances and accruals
payable to related parties and $21,033 in a note payable to a related party.
Further, management will attempt to raise
capital for its current operational needs through loans from related parties,
debt financing, equity financing or a combination of financing options. However,
there are no existing understandings, commitments or agreements for extension of
outstanding notes or an infusion of capital, and there are no assurances to that
effect. Moreover, the Company's need for capital may change dramatically if and
during that period, it acquires an interest in a business opportunity. Unless
the Company can obtain additional financing, there is substantial doubt about its ability to continue as a going
concern.     Recent Changes in Securities  None.  Item 7. Financial Statements  The financial statements of the Company appear at the end of
this report beginning with the Index to Financial Statements on page F-2.  Item 8.  Changes in and
Disagreements with Accountants on Accounting and Financial Disclosure  None.   7    Item 8A(T).  Controls and
Procedures  Item 8A(T). Controls and Procedures.

(a) Evaluation of Disclosure Controls and Procedures.  Our management, with the participation of our President, evaluated the effectiveness of
 our disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation, our officers and directors concluded
that our disclosure controls and procedures as of the end of the period covered by this report were effective such that the information required
to be disclosed by us in reports filed under the Securities Exchange Act of 1934 is (i) recorded, processed, summarized and reported within the
time periods specified in the SEC's rules and forms and (ii) accumulated and communicated to our management, including our President, as
appropriate to allow timely decisions regarding disclosure. A controls system cannot provide absolute assurance, however, that the objectives
of the controls system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if
any, within a company have been detected.
    Management's Annual Report on Internal Control over Financial Reporting.  Our management is responsible for establishing and maintaining
adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Our internal control over financial
reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes of accounting principles generally accepted in the United States.
     	Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Therefore,
even those systems determined to be effective can provide only reasonable assurance of achieving their control objectives.
     Our management, with the participation of the President, evaluated the effectiveness of the Company's internal control over
financial reporting as of December 31, 2007.  In making this assessment, our management used the criteria set forth by the Committee of
Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control - Integrated Framework.  Based on this evaluation,
our management, with the participation of the President, concluded that, as of December 31, 2007, our internal control over financial
reporting was effective.
 (b)  Changes in Internal Control over Financial Reporting.  There were no changes in the Company's internal controls
over financial reporting, known to the chief executive officer or the chief financial officer, that occurred during the period covered
by this report that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting. Item 8B.  Other
Information There are no further disclosures. No information was
required to be disclosed in a Form 8-K during the fourth quarter, 2007. PART III  Item 9. Directors, Executive Officers,
Promoters, Control Persons and Corporate Governance; Compliance With Section
16(a) of the Exchange Act.  The following table sets forth the name, age, and position
of each officer and director of the Company.  All directors hold office
until the next annual meeting of stockholders or until their successors are duly
elected and qualified. Officers serve at the discretion of the Board of
Directors.  The Company has no audit committee financial expert, as
defined under Section 228.401, serving on its audit committee because it has no
audit committee and is not required to have an audit committee because it is not
a listed security as defined in Section 240.10A-3.  Name
    Age

    Positions

    SinceJeff Jenson

    36
    CEO/President and Director
    March 2006Alex Ferries
    34
    CFO/Secretary/Treasurer/Director
    March 2006Steve Markee
    62
    Director

    1986  The following is information on the business experience of
each officer and director:  Jeff Jenson has been the Managing Director of Tryant,
LLC since March 2004. Prior to that, Mr. Jenson was President of Jenson Services, a position he held for ten years. He is also currently President and
director of UAGH, Inc.   8    Alex Ferries has
served as the Company's Secretary and
Treasurer and a Director of I/NET, Inc. since July 2006.  He has been an
associate at Tryant, LLC since February 2004. From July 2003 to January 2004, he
worked part-time as an independent consultant, evaluating the merits of a
potential retail pharmacy chain, which never materialized. He was not actively
employed from January 2002 to July 2003. Mr. Ferries is President and Director
of Wrap-N-Roll USA, Inc., Secretary and Director of UAGH, Inc.  Stephen J. Markee, Director:
Mr. Markee is 62 years of age.
He received a BS Degree from Ferris State University in 1970 and an MBA from
Western Michigan University ("WMU") in 1971. He is a licensed certified public
accountant in the state of Michigan. Mr. Markee served in the United States Army
during the Viet Nam conflict, and was decorated and medically retired in 1968.
After completing his education, he served as assistant Auditor General for the
State of Michigan before joining WMU as Director of Internal Auditing in 1976.
While at WMU, he also taught accounting classes in the MBA program. He then
changed directions, from public to private sector, as Vice President of Planning
and Control for a division of Standex International Corporation, where he was
responsible for information systems, accounting, and human resources. He joined
I/NET in 1985 as President and CEO. He has guided I/NET to a successful equity
partnership with IBM, and engineered the sale of intellectual property rights to
IBM. Mr. Markee has served on the Board of Directors of the Kalamazoo County
Chamber of Commerce, Chairman of the Kalamazoo County Convention and Visitors
Bureau, Past President of the local chapter of the Institute of Management
Accountants, and President of the Parchment Schools Foundation. He is a frequent
speaker to civic and business groups, and has appeared on the Financial News
Network ("FNN"). He also directed projects in natural language
understanding, intelligent control and smart web sites. He worked extensively on
research for the National Aeronautics and Space Administration (NASA),
specializing in the areas of complex event recognition and intelligent
information workbenches. He has published extensively in these areas.  Family Relationships  None.   Code of Ethics    Nominating Committee    Involvement in Certain Legal Proceedings.  Except as indicated below and to the knowledge of
management, during the past five years, no present or former director, person
nominated to become a director, executive officer, promoter or control person of
our Company:  (1)
 Was a general partner or executive officer of any business by or against
which any bankruptcy petition was filed, whether at the time of such filing or
two years prior thereto;  (2)
 Was convicted in a criminal proceeding or named the subject of a pending
criminal proceeding (excluding traffic violations and other minor offenses);  (3)
 Was the subject of any order, judgment or decree, not subsequently
reversed, suspended or vacated, of any court of competent jurisdiction,
permanently or temporarily enjoining him from or otherwise limiting, the
following activities:  (i)
 Acting as a futures commission merchant, introducing broker, commodity
trading advisor, commodity pool operator, floor broker, leverage transaction
merchant, associated person of any of the foregoing, or as an investment
adviser, underwriter, broker or dealer in securities, or as an affiliated
person, director or employee of any investment company, bank, savings and loan
association or insurance company, or engaging in or continuing any conduct or
practice in connection with such activity;  (ii)
 Engaging in any type of business practice; or  9     (iii)
Engaging in any activity in connection with the purchase or sale of any security
or commodity or in connection with any violation of federal or state securities
laws or federal commodities laws;  (4)
 Was the subject of any order, judgment or decree, not subsequently
reversed, suspended or vacated, of any federal or state authority barring,
suspending or otherwise limiting for more than 60 days the right of such person
to engage in any activity described above under this Item, or to be associated
with persons engaged in any such activity;  (5)
 Was found by a court of competent jurisdiction in a civil action or by the
Securities and Exchange Commission to have violated any federal or state
securities law, and the judgment in such civil action or finding by the
Securities and Exchange Commission has not been subsequently reversed,
suspended, or vacated; or  (6)
 Was found by a court of competent jurisdiction in a civil action or by the
Commodity Futures Trading Commission to have violated any federal commodities
law, and the judgment in such civil action or finding by the Commodity Futures
Trading Commission has not been subsequently reversed, suspended or vacated.   Board and Committee Meetings  In the fiscal year ended December 31, 2007, the board of directors
of the Company acted by written consent  to approve a proposal to
stockholders for a 200 to 1 reverse stock split, name change and other matters.
There are no standing committees of the board of directors. Due to the fact the
Company has no active operations and its assets consist entirely of a nominal
amount of cash, the board of directors determined that it is not necessary or
practical for the Company to establish an audit committee, recruit a financial
expert to serve on the board, or adopt a code of ethics applicable to its chief
executive and financial officers. Section 16(a) Filing
Compliance Section 16(a) of the Securities Exchange Act of 1934
requires officers and directors of the Company and persons who own more than ten
percent of a registered class of its equity securities to file reports of
ownership and changes in their ownership on Forms 3, 4, and 5 with the
Securities and Exchange Commission, and forward copies of such filings to the
Company. Based on the copies of filings received by the Company during the most
recent fiscal year the directors, officers, and beneficial owners of more than
ten percent of the equity securities of the Company registered pursuant to
Section 12 of the Exchange Act have filed on a timely basis all required Forms
3, 4, and 5 and any amendments thereto.  10     Item 10. Executive Compensation  The following executive compensation
disclosure reflects all
compensation awarded to, earned by or paid to the executive officers below, for
the fiscal years ended December 31, 2007 and 2006.  The following table
summarizes all compensation for fiscal years 2007 and 2006 received by all of our
officers.  SUMMARY COMPENSATION
    TABLEName and principal
    position
    Year
    Salary ($)
    Bonus ($)
    Stock
      Awards
      ($)
    Option
      Awards
      ($)
    Non-
      Equity
      Incentive
      Plan
      Compen-
      sation

      ($)
    Nonquali-
      fied
      Deferred
      Compen-

      sation
      Earnings
      ($)
    All Other

      Compen-
      sation ($)
    Total ($)Jeff Jenson
      President and
      Director

    2007
      2006
    --
      --

    --

      --
    --
      --

    --
      --

    --
      --

    --
      --
    --
      --

    --
      --Alex Ferries
      CFO, Secretary, Treasurer and
      Director

    2007
      2006
    --

      --

    --
      --
    --
      --

    --
      --
    --
      --
    --
      --
    --
      --
    --

      --Steven Markee
      Director

    2007

      2006
    --
      --

    --
      --

    --
      --

    --
      --
    --
      --

    --
      --
    --

      --

    --
      --  Director Compensation  No director
received compensation for services during the fiscal year ended December 31,
2007.  Item 11.  Security Ownership
of Certain Beneficial Owners and Management and Related Stockholder
Matters.  The following table sets forth as of March 27, 2008, the number and percentage of the 1,000,198 shares of
outstanding common stock which, according to the information supplied to the Company, were beneficially owned by (i) each person
 who is currently a director of the Company, (ii) each executive officer, (iii) all current directors and executive officers of the Company as
 a group and (iv) each person who, to the knowledge of the Company, is the beneficial owner of more than 5% of the outstanding common
 stock.  Except as otherwise indicated, the persons named in the table have sole voting and dispositive power with respect to all shares
 beneficially owned, subject to community property laws where applicable.  11     Title of
      Class
    Name and Address
      Of

      Beneficial Owners
    Amount and Nature
      Of Beneficial Ownership
    Percent

      Of

      ClassCommon Stock
    Jeff Jenson (1) (2)

      1608 W 2225 S

      Woods Cross, UT 84087
    875,000
    87.5%Alex Ferries (1)
      1608 W 2225 S

      Woods Cross, UT 84087

    -
    -%Steve Markee (1)
      5587 Texas Drive
      Kalamazoo, MI 49009

    4,507

    0.45%All officers and directors as a group (3
    persons)
    879,507
    87.95% __________ (1)

    Officer and Director of Ardmore Holding
    Corp(2)

    Consists of shares owned by Tryant, LLC, of which Mr.
      Jenson is the managing member.   Item 12.  Certain
Relationships, Related Transactions and Director Independence.  The Company utilizes office space at 1608 W 2225 S, Woods
Cross, Utah 84087, provided by Jeff Jenson, an officer and director of the
Company. It does not pay rent for this office space.  Item 13.  Exhibits.  Exhibit #

    Title
    Location3(i)

    Certificate of Incorporation
    *3(ii)

    Bylaws
    *14

    Code of Ethics
    Attached31.1

    Certification of the Principal Executive Officer
      pursuant to
    AttachedSection 302 of the Sarbanes-Oxley Act of 200231.2

    Certification of the Principal Financial Officer
      pursuant to
    AttachedSection 302 of the Sarbanes-Oxley Act of 200232.1

    Certification of the Principal Executive Officer
      pursuant to
    AttachedU.S.C. Section 1350 as adopted pursuant to Section
      906 of theSarbanes-Oxley Act of 2002***32.2

    Certification of the Principal Financial Officer
      pursuant to
    AttachedU.S.C. Section 1350 as adopted pursuant to Section
      906 of theSarbanes-Oxley Act of 2002***  * The Certificate of Incorporation is incorporated by reference. Filed as Exhibit 2 to Form 8-A/A filed October 2, 2003.

The Bylaws of the Company are incorporated by reference. Filed as Exhibit 99 to Form 8-K/A filed March 13, 2008.   *** The Exhibit attached to this Form 10-KSB
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934 (the "Exchange Act") or otherwise subject to liability
under that section, nor shall it be deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the Exchange Act, except
as expressly set forth by specific reference in such filing.         12    Item 14.  Principal Accountant
Fees and Services.  Audit Fee  The aggregate fees billed for each of the last two fiscal
years for professional services rendered by the principal accountant for the
audit of the Company's annual financial statement and review of financial
statements included in the Company's 10-QSB reports and services normally
provided by the accountant in connection with statutory and regulatory filings
or engagements were $0 for fiscal year ended 2007, and $40,000 for fiscal year
ended 2006. The audit fee billed in 2006 included the
 auditing of periods from December 31, 2002 through December 31, 2005. The audit
  fees for 2007 and 2006 were paid by Tryant, LLC a
shareholder of the Company.  Audit-Related Fees  There were no fees for other audit related services for
fiscal years ended 2005 and 2006.  Tax Fees  Fees for tax compliance, tax advice and tax planning for
the fiscal year 2007 was $0 and $10,000 for 2006.  All Other Fees  There were no other fees billed in 2007 or 2006.  We do not have an audit committee currently serving and as
a result our board of directors performs the duties of an audit committee.
 Our board of directors will evaluate and approve in advance, the scope and
cost of the engagement of an auditor before the auditor renders audit and
non-audit services.  We do not rely on pre-approval policies and
procedures.  SIGNATURES  In accordance with Section 13 or 15(d) of the Exchange Act,
the registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.  Ardmore Holding Corp  Date: March 31, 2008 /s/ Jeff Jenson Jeff Jenson Chief Executive Officer    Date: March 31, 2008 /s/ Alex Ferries Alex Ferries Chief Financial Officer   13    In accordance with the Exchange Act, this report has been
signed below by the following persons on behalf of the registrant and in the
capacities and on the dates indicated.   By: /s/
Jeff Jenson By: /s/
Alex Ferries Jeff Jenson, Director Alex Ferries, Director  Date: March 31, 2008 Date: March 31, 2008  14         Ardmore Holding Corp      Financial
Statements  Years Ended December
31, 2007 and 2006        F-1   Ardmore Holding Corp   Contents       Report of Independent Registered Public Accounting
    Firm
    F-3Financial
    Statements:Balance Sheets
    F-4Statements of Operations
    F-5Statements of Capital Deficit
    F-6Statements of Cash Flows
    F-7Summary of Accounting
      Policies

    F-8 and F-9Notes to Financial
      Statements

    F-10 - F-12       F-2


Report of
Independent Registered Public Accounting Firm   Board of Directors and Stockholders Ardmore Holding Corp Woods Cross, Utah  We have audited the
 accompanying balance sheets of Ardmore Holding Corp (formerly I/Net, Inc.) as of December 31, 2007 and 2006 and the related statements of operations,
capital deficit, and cash flows for the years then ended. These financial
statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.  We conducted our
 audits in accordance with the standards of
the Public Company Accounting Oversight Board (United States). Those standards
require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. The Company
is not required to have, nor were we engaged to perform, an audit of its
internal control over financial reporting. Our audits included consideration of
internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the Company's internal control
over financial reporting. Accordingly, we express no such opinion. An audit also
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, assessing the accounting principles
used and the significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.  In our opinion,
the financial statements referred to above
present fairly, in all material respects, the financial position of Ardmore Holding Corp
at December 31, 2007 and 2006, and the results of its operations and its cash
flows for each of the years then ended, in conformity with accounting principles
generally accepted in the United States of America.  The accompanying financial
statements have been prepared
assuming that Company will continue as a going concern. As discussed in Note 10
to the financial statements, the Company has suffered recurring losses from its
operations and has a net capital deficiency that raise substantial doubt about
its ability to continue as a gong concern. Management's plans in regard to these
matters are also described in Note 10. The financial statements do not include
any adjustments that might result from the outcome of this uncertainty.   /s/ BDO Seidman,
LLP Certified Public Accountants  Kalamazoo, Michigan  March 31, 2008  F-3


Ardmore Holding Corp  Balance Sheet   December
      31,
    
    2007

    
    2006Assets (Note 4)Current:Cash and cash equivalents

    
    $                   23
    
    $                    38Liabilities and Capital DeficitCurrent Liabilities:Note payable to related
      party (Note 2)

    $
    21,033
    $

    -Accounts payable
    
    30,568

    
    28,103Accruals

    

    10,000
    
    10,000Advances from stockholders (Note
      3)
    

    13,500

    
    13,500Current maturities of long term
      debt to stockholders

      (Note
    4)
    

    9,000
    
    9,000Total Current Liabilities

    
    84,101
    
    60,603Capital DeficitCommon
      Stock, $.001 par value50,000,000 shares
authorized at December 31, 2006;100,000,000 shares
authorized at December 31, 2007;250,000 issued and outstanding at December 31,

      2006; 1,000,198
      issued and outstanding at
      December 31, 2007
      (Note 9)
    

    1,000

    
    250Additional
      paid-in capital

    
    12,905,210

    

    12,893,460Deficit

    

    (12,990,288)
    
    (12,954,275)Total Capital Deficit
    
    (84,078)

    
    (60,565)Total Liabilities and Capital Deficit
    $

    23
    $
    38  See
accompanying report of independent registered public accounting
firm, summary of accounting policies and notes to financial
statements.   F-4   Ardmore Holding Corp  Statements of
Operations      Year Ended
      December 31,
    
    2007
    
    2006Revenues (Note 5)
    $
    -

    $
    15,475Cost of Goods Sold

    
    -
    

    19,116Gross Loss
    

    -

    
    (3,641)Selling, General, and Administrative
    Expenses

    
    36,013
    

    5,483Operating
      Loss
    

    (36,013)
    
    (9,124)Other Income/(Expense):Gain on extinguishment of Debt (Note
      2)

    

    -
    
    30,339Interest Expense, net of interest
      income
    

    -

    
    (1,428)Total Other Income

    
    -

    

    28,911Net Income (Loss)
    $
    (36,013)

    $
    19,787Net Earnings per Share (Note 9)
    $
    -
    $
    -Average Number of Basic and Diluted Common Shares Outstanding
      (Note 9)

    
    637,429
    
    194,014  See
accompanying report of independent registered public accounting
firm, summary of accounting policies and notes to financial
statements.    F-5   Ardmore Holding Corp  Statements of Capital
Deficit      Common
      Stock

    Additional
      PaidShares
    Amount

    in
      Capital
    Deficit
    TotalBalance, January 1,
      2006
    175,353
    $175
    $12,843,535

    ($12,974,062)
    ($130,352)Net income for the year

    -
    -
    -
    19,787

    19,787Issuance of Common Stock
    74,647

    75
    49,925
    -
    50,000Balance, December 31,
      2006
    250,000
    250
    12,893,460
    (12,954,275)
    (60,565)Fractional share round up due to reverse stock split
    198

    0
    0
    -
    -Issuance of Common Stock

    750,000
    750

    11,750
    -
    12,500Net loss for the year
    -

    -
    -
    (36,013)
    (36,013)Balance, December 31,
      2007
    1,000,198
    $1,000
    $12,905,210
    ($12,990,288)
    ($84,078)  See
accompanying report of independent registered public accounting
firm, summary of accounting policies and notes to financial
statements.   F-6   Ardmore Holding Corp  Statements of Cash
Flows       Year Ended
      December 31,
    
    2007

    
    2006Operating Activities: (Note 8)Net Income (Loss)
    $

    (36,013)
    $
    19,787Gain on extinguishment of
    debt
    
    -

    
    (30,339)Changes in assets and
      liabilities:Receivables
    

    -
    
    8,867Accounts Payable
    
    2,465

    
    (39,933)Cash Used in Operating Activities

    
    (33,548)
    

    (41,618)Financing Activities:Net change
      in note payable to bank
    
    -
    
    (10,000)Proceeds
      from issuance of common stock
    

    12,500
    
    50,000Proceeds
      from issuance of notes payable

    
    21,033

    
    -Cash Provided by Financing Activities
    

    33,533
    
    40,000Decrease in Cash

    
    (15)
    
    (1,618)Cash, Beginning of Year
    
    38

    
    1,656Cash, End of Year

    $
    23
    $

    38  See accompanying report of
independent registered public accounting firm, summary of accounting
policies and notes to financial statements.   F-7   Ardmore Holding Corp  Summary of Accounting
Policies      Basis of Presentation
    The financial statements include the accounts of the
      Company, Ardmore Holding Corp (a Delaware corporation), and its
      wholly owned subsidiary, I/NET, Inc. (a Michigan corporation), and its
      wholly owned subsidiary, Stek, Ltd. (a Caymanian Corporation).  Stek,
      Ltd., which was formed to receive and hold shares of SEGOES, Ltd. (a privately
      held Caymanian corporation).  These shares were earned for the
      successful completion of the development, installation, and operation of
      the SEGOES web site, an Internet-based offshore asset management and
      trading system. SEGOES is now dormant.Cash and Cash

      Equivalents

    For purposes of the Statements of Cash Flows, the
      Company considers all highly liquid investments with maturity of three
      months or less when purchased to be cash equivalents; however, none existed at either December 31, 2007 or 2006.Trade Receivables
    Trade receivables had reflected customer obligations due under
      normal trade terms. The Company's management continually evaluated
      customers' financial condition and credit worthiness.Developed Computer

      Software
    Software development costs and certain product
      enhancements, when significant, were capitalized subsequent to the
      establishment of technological feasibility for the product and prior to
      the product's general release to customers.Costs incurred prior to technological feasibility or
      subsequent to the product's general release to customers, as well as
      selling, general, and administrative costs associated with the products,
      were expensed as incurred.Revenue Recognition

    Revenues for the sale of the Company's Internet
      products were recognized when the customer has accepted the product.
       The Company recorded its revenues from consulting contracts on a
      monthly basis, as amounts were invoiced for time and expenses
    incurred.  See accompanying report of
independent registered public accounting firm and  notes to
financial statements.  F-8   Ardmore Holding Corp  Summary of Accounting
Policies      Estimates
    The preparation of financial statements in conformity
      with accounting principles generally accepted in the United States of
      America requires management to make estimates and assumptions that affect
      the reported amounts of assets and liabilities and disclosure of
      contingent assets and liabilities at the date of the financial statements
      and the reported amounts of revenues and expenses during the reporting
      period.  Actual results could differ from those estimates.Fair Value of

      Financial
    Instruments
    The Company's financial instruments consist of cash, notes payable, accounts payable, and long-term debt.
       Due to the short-term nature of the items, management estimates that carrying amounts of the
      Company's financial instruments approximate their fair values at December
      31, 2007 and 2006.  See accompanying report of
independent registered public accounting firm and  notes to
financial statements.  F-9   Ardmore Holding Corp  Summary of Accounting
Policies      1.
    Business
    Through September 2006, the Company operated in one segment consisting of
      software development and Internet consulting services, support services,
      and contract services.  The Company did not operate based upon
      product lines but as one business unit. As of September 30, 2006, the
      Company discontinued its business operations and currently has no business activities other than to participate in an unspecified business opportunity. As of September 30, 2006, the Company is a shell company.2.
    Note Payable to
    Related Party
    During 2007 the Company borrowed money from Tryant, LLC, a shareholder and related party of the Company, to pay
	  for various expenses of the Company. This loan is in the form of a non-interrest bearing, due on demand, unsecured note payable.
	  As of December 31, 2007, the note payable balance is $21,033.During the year ended 2006, the Company negotiated
      the extinguishment of an unsecured note payable to a bank for $10,000 in cash, thereby recognizing a gain of $30,339.3.
    Short-Term

      Advances from
      Stockholders

    Advances from stockholders consist of the
      following:  December 31,
    
    2007
    2006Non-interest bearing notes payable to stockholders,
      due on demand.$ 13,500
    $ 13,500  4.

    Long-Term Debt
    Long-term debt consists of the
  following:  December 31,
    
    2007
    2006Notes
      payable to stockholders, bearing interest at 8%, due currently, secured by
      all the Company's assets.$ 9,000

    $ 9,000  5.
    Major Customers
    The Company provided Internet products, web site
      consulting services, support services, and contract services to a major
      customer as follows:  Year ended December 31,
    
    2007

    2006Customer
      A
    
    -%
    12%  See accompanying report of independent registered public
accounting firm.  F-10   Ardmore Holding Corp  Notes to Financial
Statements      6.
    Taxes on Income

    Income taxes are calculated using the liability
      method.Deferred income taxes reflect the net effects of
      temporary differences between the carrying amounts of assets and
      liabilities for financial reporting purposes and the amounts used for
      income tax purposes.Significant components of the Company's deferred tax
      assets are as follows:  December 31,
    2007

    2006Deferred
      tax assetsNet
      operating loss carryforward
    $ 2,546,000
    $ 2,560,000Valuation
      allowance

    (2,546,000)

    (2,560,000)$
                 -

    $
                 -  As
      of December 31, 2007 and 2006, the Company had net operating loss
      carryforwards of approximately $7,488,000 and $7,528,000, respectively,
      available to reduce future taxable income. These carryforwards expire from
      2008 through 2013.The net operating loss carryforward requires the
      Company to record a deferred tax asset. Management has elected to record a
      valuation allowance for the entire balance of the deferred tax asset due
      to the uncertainty of its future realization.7.

    Employee Benefit
      Plan
    The Company had a profit sharing and defined
      contribution retirement plan covering substantially all employees.
       Under the plan, employees could make tax deferred voluntary
      contributions which, at the discretion of the Company's Board of
      Directors, could be matched within certain limits by the Company.  In
      addition, the Company could make additional discretionary contributions to
      the plan as profit sharing contributions.  All contributions to the
      plan were limited by applicable Internal Revenue Code regulations.
       There were no company contributions charged against operations in
      2007 and 2006. This plan was terminated in 2006. See accompanying report of
independent registered public accounting firm.  F-11   Ardmore Holding Corp  Notes to Financial
Statements


8.
    Supplemental
      Disclosure of
      Cash Flow

      Information
    No interest was paid for the years ended December 31, 2007
      and 2006.  The Company paid no income
      taxes during 2007 and
  2006.  9.

    Earnings (Loss) Per
      Share

    On April 15, 2007, the Board of Directors of I/NET, Inc., unanimously approved amendments to the Company's
Certificate of Incorporation to (i) effect a reverse stock split whereby all outstanding shares of the Company's
$.001 par value common stock ("Common Stock") will be reverse split on a 1-for-200 share basis; (ii) increase the
authorized capital so that the Company is authorized to issue one hundred million (100,000,000) shares of $0.001
par value of Common Stock and ten million (10,000,000) shares of $0.001 par value of preferred stock, which
preferred stock is issuable in such series and designations as may be authorized by the Company's board of
directors; and (iii) change the name of the Company to Ardmore Holding Corporation. On April 16, 2007, these
amendments were approved by holders of a majority of the Common Stock. All share and per share information has been retroactively adjusted for the stock split. A reconciliation of shares used in calculating basic
      and diluted earnings (loss) per share are as
  follows:  Year ended December 31,

    2007
    2006Basic

    
    637,429
    194,014Diluted

    
    637,429
    194,014  10.

    Continued
      Existence
    The Company's financial statements have been
      presented on the basis that it is a going concern, which contemplates the
      realization of assets and the satisfaction of liabilities in the normal
      course of business.  The Company has suffered recurring losses from
      operations, has a significant working capital deficit, and requires
      additional capital to continue its business activities. These factors result in a substantial doubt as to whether the Company can continue as a going concern..
      
      During the period ended September 30,
      2006, the Company accepted an offer from Tryant, LLC for the acquisition
      of the Company.

      
      The Company's management decided to wind up all
      business operations related to the former products sold by I/NET. As a
      courtesy to its former customers who were still using I/NET's software
      products, the Company contracted with a former employee to provide
      ongoing software support. As this subcontractor has been compensated for
      providing support services, he agreed to assume full responsibility for
      the support obligations. With this transfer of obligation the Company has
      no other obligations to provide future services. The Company paid
      approximately $17,000 to the subcontractor during 2006 and has no
      additional required payments.  See accompanying report of independent registered public
accounting firm.  F-12