IRIS Accounts Production v23.1.5.20 04715079 Board of Directors 1.4.22 31.3.23 31.3.23 25.9.23 0 0 false true false false true false Auditors Opinion Ordinary 1.00000 B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure047150792022-03-31047150792023-03-31047150792022-04-012023-03-31047150792021-03-31047150792021-04-012022-03-31047150792022-03-3104715079ns16:EnglandWales2022-04-012023-03-3104715079ns15:PoundSterling2022-04-012023-03-3104715079ns11:Director12022-04-012023-03-3104715079ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3104715079ns11:SmallEntities2022-04-012023-03-3104715079ns11:Audited2022-04-012023-03-3104715079ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104715079ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3104715079ns11:FullAccounts2022-04-012023-03-3104715079ns11:OrdinaryShareClass12022-04-012023-03-3104715079ns11:OrdinaryShareClass22022-04-012023-03-3104715079ns11:Director22022-04-012023-03-3104715079ns11:Director32022-04-012023-03-3104715079ns11:Director42022-04-012023-03-3104715079ns11:CompanySecretary12022-04-012023-03-3104715079ns11:RegisteredOffice2022-04-012023-03-3104715079ns6:CurrentFinancialInstruments2023-03-3104715079ns6:CurrentFinancialInstruments2022-03-3104715079ns6:Non-currentFinancialInstruments2023-03-3104715079ns6:Non-currentFinancialInstruments2022-03-3104715079ns6:ShareCapital2023-03-3104715079ns6:ShareCapital2022-03-3104715079ns6:RetainedEarningsAccumulatedLosses2023-03-3104715079ns6:RetainedEarningsAccumulatedLosses2022-03-3104715079ns6:LongLeaseholdAssetsns6:LandBuildings2022-04-012023-03-3104715079ns6:LongLeaseholdAssetsns6:LandBuildings2022-03-3104715079ns6:LongLeaseholdAssetsns6:LandBuildings2023-03-3104715079ns6:LongLeaseholdAssetsns6:LandBuildings2022-03-3104715079ns6:Secured2023-03-3104715079ns6:Secured2022-03-3104715079ns11:OrdinaryShareClass12023-03-3104715079ns11:OrdinaryShareClass22023-03-31
REGISTERED NUMBER: 04715079 (England and Wales)











ASH CORPORATE FINANCE (HAMPSTEAD) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ASH CORPORATE FINANCE (HAMPSTEAD) LTD (REGISTERED NUMBER: 04715079)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


ASH CORPORATE FINANCE (HAMPSTEAD) LTD

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: L S Neilson
A G Doyle
N C S Robson
D J Winch





SECRETARY: A G Doyle





REGISTERED OFFICE: 1 Quay Point
Station Road
Woodbridge
Suffolk
IP12 4AL





REGISTERED NUMBER: 04715079 (England and Wales)





AUDITORS: Berringers LLP
Chartered Accountants
and Statutory Auditors
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

ASH CORPORATE FINANCE (HAMPSTEAD) LTD (REGISTERED NUMBER: 04715079)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,700,118 19,800,089

CURRENT ASSETS
Debtors 5 3,055,002 3,409,920
Cash at bank 798,974 740,602
3,853,976 4,150,522
CREDITORS
Amounts falling due within one year 6 1,200,734 1,119,354
NET CURRENT ASSETS 2,653,242 3,031,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,353,360

22,831,257

CREDITORS
Amounts falling due after more than one
year

7

(13,380,210

)

(14,014,431

)

PROVISIONS FOR LIABILITIES (433,622 ) (539,101 )
NET ASSETS 7,539,528 8,277,725

CAPITAL AND RESERVES
Called up share capital 9 1,004 1,004
Retained earnings 10 7,538,524 8,276,721
SHAREHOLDERS' FUNDS 7,539,528 8,277,725

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 25 September 2023 and were signed on its behalf by:





D J Winch - Director


ASH CORPORATE FINANCE (HAMPSTEAD) LTD (REGISTERED NUMBER: 04715079)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Ash Corporate Finance (Hampstead) 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the
amounts reported for revenues and expenditures during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Management do not consider that there is a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period.

Going concern
The Directors have considered the current economic and financial situation against the Company's activities, income and expenditure and have concluded that the current risks to the Company are not significant and that no additional provisions need to be made. It is the Directors' opinion that the Company will be a going concern for the foreseeable future..

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.
Long leasehold - over period of lease

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.

ASH CORPORATE FINANCE (HAMPSTEAD) LTD (REGISTERED NUMBER: 04715079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measures at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the
effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks. Bank overdrafts, when applicable are shown within borrowings in current liabilities.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 31,071,423
DEPRECIATION
At 1 April 2022 11,271,334
Charge for year 1,099,971
At 31 March 2023 12,371,305
NET BOOK VALUE
At 31 March 2023 18,700,118
At 31 March 2022 19,800,089

Cost or valuation at 31 March 2023 is represented by:

Long
leasehold
£   
Valuation in 2006 11,151,548
Valuation in 2018 12,571,423
Cost 7,348,452
31,071,423

ASH CORPORATE FINANCE (HAMPSTEAD) LTD (REGISTERED NUMBER: 04715079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

If Long leasehold had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 7,348,452 7,348,452
Aggregate depreciation 3,779,142 3,569,204

Long leasehold properties were valued on an open market basis on 31 May 2018 by Jones Lang LaSalle Limited .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,055,002 3,409,920

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 634,221 563,442
Taxation and social security 43,625 40,424
Other creditors 522,888 515,488
1,200,734 1,119,354

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 13,380,210 14,014,431

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 10,814,930 11,551,173

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 14,014,431 14,577,873

The bank loan is secured by a charge on the under lease held by the company at the Royal Free Hospital
Hampstead .

ASH CORPORATE FINANCE (HAMPSTEAD) LTD (REGISTERED NUMBER: 04715079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000
4 B £1 4 4
1,004 1,004

10. RESERVES


Revaluation
reserve
£

At 1 April 202215,481.702
Transfer of depreciation on cost of leasehold property(890,043)
Deferred tax movement 105,479
At 31 March 202314,697,138


11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Ricky Hutson BSc FCCA ACA (Senior Statutory Auditor)
for and on behalf of Berringers LLP