IRIS Accounts Production v18.3.1.65 03497790 Board of Directors 1.4.17 31.3.18 31.3.18 false true false false true false Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure034977902017-03-31034977902018-03-31034977902017-04-012018-03-31034977902016-03-31034977902016-04-012017-03-31034977902017-03-3103497790ns15:EnglandWales2017-04-012018-03-3103497790ns14:PoundSterling2017-04-012018-03-3103497790ns10:Director12017-04-012018-03-3103497790ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3103497790ns10:SmallEntities2017-04-012018-03-3103497790ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3103497790ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3103497790ns10:FullAccounts2017-04-012018-03-3103497790ns10:OrdinaryShareClass12017-04-012018-03-3103497790ns10:OrdinaryShareClass22017-04-012018-03-3103497790ns10:Director22017-04-012018-03-3103497790ns10:CompanySecretary12017-04-012018-03-3103497790ns10:RegisteredOffice2017-04-012018-03-3103497790ns5:CurrentFinancialInstruments2018-03-3103497790ns5:CurrentFinancialInstruments2017-03-3103497790ns5:Non-currentFinancialInstruments2018-03-3103497790ns5:Non-currentFinancialInstruments2017-03-3103497790ns5:ShareCapital2018-03-3103497790ns5:ShareCapital2017-03-3103497790ns5:RevaluationReserve2018-03-3103497790ns5:RevaluationReserve2017-03-3103497790ns5:RetainedEarningsAccumulatedLosses2018-03-3103497790ns5:RetainedEarningsAccumulatedLosses2017-03-3103497790ns5:FurnitureFittings2017-04-012018-03-3103497790ns5:LandBuildings2017-03-3103497790ns5:FurnitureFittings2017-03-3103497790ns5:LandBuildings2017-04-012018-03-3103497790ns5:LandBuildings2018-03-3103497790ns5:FurnitureFittings2018-03-3103497790ns5:LandBuildings2017-03-3103497790ns5:FurnitureFittings2017-03-3103497790ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3103497790ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3103497790ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2018-03-3103497790ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2017-03-3103497790ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2018-03-3103497790ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2017-03-3103497790ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2018-03-3103497790ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2017-03-3103497790ns5:Secured2018-03-3103497790ns5:Secured2017-03-3103497790ns10:OrdinaryShareClass12018-03-3103497790ns10:OrdinaryShareClass22018-03-3103497790ns5:RetainedEarningsAccumulatedLosses2017-03-3103497790ns5:RevaluationReserve2017-03-3103497790ns5:RetainedEarningsAccumulatedLosses2017-04-012018-03-31


REGISTERED NUMBER: 03497790 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Ashton Properties (Wolverhampton)
Limited

Ashton Properties (Wolverhampton)
Limited (Registered number: 03497790)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ashton Properties (Wolverhampton)
Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: Mrs D Dench
G Dench





SECRETARY: Mrs D Dench





REGISTERED OFFICE: 64 Hawksmoor Drive
Perton
Wolverhampton
West Midlands
WV6 7TE





REGISTERED NUMBER: 03497790 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Ashton Properties (Wolverhampton)
Limited (Registered number: 03497790)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 661,769 662,964

CURRENT ASSETS
Debtors 5 7,915 3,328
Cash at bank and in hand 15,212 14,435
23,127 17,763
CREDITORS
Amounts falling due within one year 6 43,441 42,113
NET CURRENT LIABILITIES (20,314 ) (24,350 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

641,455

638,614

CREDITORS
Amounts falling due after more than one
year

7

129,567

148,018
NET ASSETS 511,888 490,596

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 373,741 373,741
Retained earnings 10 138,047 116,755
SHAREHOLDERS' FUNDS 511,888 490,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections
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.

Ashton Properties (Wolverhampton)
Limited (Registered number: 03497790)

Balance Sheet - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 November 2018 and were signed on its behalf
by:





Mrs D Dench - Director


Ashton Properties (Wolverhampton)
Limited (Registered number: 03497790)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Ashton Properties (Wolverhampton) Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Ashton Properties (Wolverhampton)
Limited (Registered number: 03497790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Investment properties
In accordance with Statement of Standard Accounting Practice Number 19, Accounting for Investment
Properties, the investment properties have been stated at open market values and the aggregate surpluses or
deficits are transferred to revaluation reserve. No depreciation is provided in respect of the investment
properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the
generally accepted accounting principle set out in SSAP19.

The director considers that, because there properties are not held for the consumption but for its investment
potential, to depreciate them would not give a true and fair view and that it is necessary to adopt SSAP19 in
order to give a true and fair view.

If this departure from the Act had not been made the profit for the year would have been reduced by
depreciation. However, the amount of depreciation cannot reasonably be quantified because depreciation is only
one of many factors reflected in the annual valuation and the amount by which might otherwise have been shown
cannot be separately identified or quantified.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 April 2017
and 31 March 2018 655,000 13,098 668,098
DEPRECIATION
At 1 April 2017 - 5,134 5,134
Charge for year - 1,195 1,195
At 31 March 2018 - 6,329 6,329
NET BOOK VALUE
At 31 March 2018 655,000 6,769 661,769
At 31 March 2017 655,000 7,964 662,964

Cost or valuation at 31 March 2018 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2014 373,741 - 373,741
Cost 281,259 13,098 294,357
655,000 13,098 668,098

Ashton Properties (Wolverhampton)
Limited (Registered number: 03497790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.18 31.3.17
£    £   
Cost 281,259 281,259

The investment properties were valued on an open market value basis on 23 June 2014 by Bulleys Chartered Surveyors
.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 2,664 947
Prepayments and accrued income 5,251 2,381
7,915 3,328

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts 16,544 16,544
Trade creditors 4,310 5,165
Tax 6,447 2,609
Social security and other taxes 506 -
Accruals and deferred income 15,634 17,795
43,441 42,113

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Bank loans - 1-2 years 16,544 16,544
Bank loans - 2-5 years 49,632 49,632
Bank loans more 5 yr by instal 63,391 81,842
129,567 148,018

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 63,391 81,842

Ashton Properties (Wolverhampton)
Limited (Registered number: 03497790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.18 31.3.17
£    £   
Bank loans 146,111 164,562

The bank loans are secured by mortgages over all the properties owned by the company.

9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
50 Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2017 116,755 373,741 490,496
Profit for the year 26,292 26,292
Dividends (5,000 ) (5,000 )
At 31 March 2018 138,047 373,741 511,788

11. RELATED PARTY DISCLOSURES

The company paid dividends totalling £5,000 in the year under review to its director Mrs D Dench.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is not known.

The company was controlled throughout the year by Mrs D Dench who held 62% of the issued share capital at
the balance sheet date.