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REGISTERED NUMBER: 05255254 (England and Wales)











ASH CORPORATE FINANCE (ALTNAGELVIN) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ASH CORPORATE FINANCE (ALTNAGELVIN) LTD (REGISTERED NUMBER: 05255254)






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 (ALTNAGELVIN) 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: 05255254 (England and Wales)





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

ASH CORPORATE FINANCE (ALTNAGELVIN) LTD (REGISTERED NUMBER: 05255254)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 1,379,888 1,456,535
Cash at bank and in hand 90,319 15,141
1,470,207 1,471,676
CREDITORS
Amounts falling due within one year 5 159,207 153,060
NET CURRENT ASSETS 1,311,000 1,318,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,311,000

1,318,616

CREDITORS
Amounts falling due after more than one
year

6

775,652

867,795
NET ASSETS 535,348 450,821

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 534,348 449,821
SHAREHOLDERS' FUNDS 535,348 450,821

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 Board of Directors and authorised for issue on 23 September 2023 and were signed on its behalf by:





D J Winch - Director


ASH CORPORATE FINANCE (ALTNAGELVIN) LTD (REGISTERED NUMBER: 05255254)

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

1. STATUTORY INFORMATION

Ash Corporate Finance (Altnagelvin) 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.

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.

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

Current taxation is not discounted and is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

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.

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. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 203,194 250,373

ASH CORPORATE FINANCE (ALTNAGELVIN) LTD (REGISTERED NUMBER: 05255254)

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

4. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 1,176,694 1,206,162

Aggregate amounts 1,379,888 1,456,535

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 7) 91,647 84,263
Taxation 26,161 24,854
Other creditors 41,399 43,943
159,207 153,060

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 7) 775,652 867,795

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 313,776 453,585

7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 91,647 84,263

Amounts falling due between one and two years:
Bank loans - 1-2 years 101,118 91,647

Amounts falling due between two and five years:
Bank loans - 2-5 years 360,758 322,563

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 313,776 453,585

ASH CORPORATE FINANCE (ALTNAGELVIN) LTD (REGISTERED NUMBER: 05255254)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 867,299 952,058

The bank hold a debenture over all the assets of Ash Corporate Finance (Altnagelvin) Ltd.

9. CALLED UP SHARE CAPITAL

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

10. 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