REGISTERED NUMBER: 04853951 (England and Wales)

Financial Statements

for the Year Ended 31 March 2023

for

Ashcroft Commercial Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J P Groves

REGISTERED OFFICE:

Oriel House

2-8 Oriel Road

Bootle

Merseyside

L20 7EP

REGISTERED NUMBER:

04853951 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Tangible assets

4

12,747

16,995

Investment property

5

658,794

658,794

671,541

675,789

CURRENT ASSETS

Debtors

6

91,440

69,240

Cash at bank

7,666

19,740

99,106

88,980

CREDITORS

Amounts falling due within one year

7

180,667

176,074

NET CURRENT LIABILITIES

(81,561

)

(87,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

589,980

588,695

CREDITORS

Amounts falling due after more than one year

8

(243,612

)

(271,728

)

PROVISIONS FOR LIABILITIES

(2,145

)

(2,145

)

NET ASSETS

344,223

314,822

CAPITAL AND RESERVES

Called up share capital

10

1

1

Revaluation reserve

11

120,145

120,145

Retained earnings

224,077

194,676

SHAREHOLDERS' FUNDS

344,223

314,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:

J P Groves - Director

1.	STATUTORY INFORMATION

Ashcroft Commercial Developments Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of the consideration due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment properties

The director has not complied with FRS 102 1A in valuing investment properties at open market value as required.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

34,316

11,970

46,286

DEPRECIATION

At 1 April 2022

21,108

8,183

29,291

Charge for year

3,302

946

4,248

At 31 March 2023

24,410

9,129

33,539

NET BOOK VALUE

At 31 March 2023

9,906

2,841

12,747

At 31 March 2022

13,208

3,787

16,995

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

and 31 March 2023

658,794

NET BOOK VALUE

At 31 March 2023

658,794

At 31 March 2022

658,794

Fair value at 31 March 2023 is represented by:

£

Valuation in 2017

134,290

Cost

524,504

658,794

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

41,428

34,108

Amounts owed by participating interests

5,380

3,380

Other debtors

44,632

31,752

91,440

69,240

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

14,691

14,691

Trade creditors

1

-

Taxation and social security

13,992

14,029

Other creditors

151,983

147,354

180,667

176,074

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans

221,794

239,496

Other creditors

21,818

32,232

243,612

271,728

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

163,032

180,734

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.23

31.3.22

£

£

Bank loans

236,485

254,187

Lloyds PLC hold a fixed and floating charge over all property and assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

1

Ordinary

£1

1

1

11.

RESERVES

Revaluation

reserve

£

At 1 April 2022

and 31 March 2023

120,145