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REGISTERED NUMBER: 07466894 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Ascot Financial Holdings Limited

Ascot Financial Holdings Limited (Registered number: 07466894)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ascot Financial Holdings Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: P Waller
A J Hearne





REGISTERED OFFICE: 1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE





REGISTERED NUMBER: 07466894 (England and Wales)





ACCOUNTANTS: Ahmad York Limited
Chartered Certified Accountants
1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE

Ascot Financial Holdings Limited (Registered number: 07466894)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 287,974 383,965
Investments 5 90 90
288,064 384,055

CURRENT ASSETS
Debtors 6 1,084 1,084
Investments 7 51 51
Cash at bank 22,192 42,691
23,327 43,826
CREDITORS
Amounts falling due within one year 8 1,447 1,687
NET CURRENT ASSETS 21,880 42,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,944

426,194

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 5 5
Retained earnings 309,839 426,089
SHAREHOLDERS' FUNDS 309,944 426,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Ascot Financial Holdings Limited (Registered number: 07466894)

Statement of Financial Position - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 4 September 2023 and were signed on its behalf by:





A J Hearne - Director


Ascot Financial Holdings Limited (Registered number: 07466894)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Ascot Financial Holdings 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced charge of licence fees, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 1,439,867
AMORTISATION
At 1 March 2022 1,055,902
Charge for year 95,991
At 28 February 2023 1,151,893
NET BOOK VALUE
At 28 February 2023 287,974
At 28 February 2022 383,965

Ascot Financial Holdings Limited (Registered number: 07466894)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 90
NET BOOK VALUE
At 28 February 2023 90
At 28 February 2022 90

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 1,084 1,084

7. CURRENT ASSET INVESTMENTS
28.2.23 28.2.22
£    £   
Other investments 51 51

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other creditors 1,447 1,687