Registered number
03935747
Ashlar Property Management Ltd
Unaudited Filleted Accounts
31 March 2023
Ashlar Property Management Ltd
Registered number: 03935747
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,765,627 1,505,000
Current assets
Debtors 4 1,435 2,781
Cash at bank and in hand 7,317 76,787
8,752 79,568
Creditors: amounts falling due within one year 5 (230,840) (171,666)
Net current liabilities (222,088) (92,098)
Total assets less current liabilities 1,543,539 1,412,902
Creditors: amounts falling due after more than one year 6 (852,712) (849,000)
Provisions for liabilities (91,798) (64,570)
Net assets 599,029 499,332
Capital and reserves
Called up share capital 100 100
Profit and loss account 598,929 499,232
Shareholders' funds 599,029 499,332
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Samantha Jones
Director
Approved by the board on 3 October 2023
Ashlar Property Management Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings No Depreciation
Leasehold land and buildings No Depreciation
Computer Equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Computer Leasehold property Total
£ £ £ £
Cost
At 1 April 2022 1,171,032 - 333,968 1,505,000
Additions 113,928 2,549 - 116,477
Surplus on revaluation 145,000 - - 145,000
At 31 March 2023 1,429,960 2,549 333,968 1,766,477
Depreciation
Charge for the year - 850 - 850
At 31 March 2023 - 850 - 850
Net book value
At 31 March 2023 1,429,960 1,699 333,968 1,765,627
At 31 March 2022 1,171,032 - 333,968 1,505,000
Freehold land and buildings: 2023 2022
£ £
Historical cost 1,279,084 1,165,155
Cumulative depreciation based on historical cost - -
1,279,084 1,165,155
During the 2023 yearend the directors carried out a revaluation of the nine properties now held by the Company. The estimated current resale values for the properties was established by looking at similar properties for sale in and around their immediate locations. Valuation as at 31st March 2023 is £1,763,928 (2022: Valuation £1,505,000.00)

The combined historic cost value of the eight properties was £1,279,083 (2022:£1,165,155.39). The properties are not depreciated and any gain or loss under FR102 is now transferred to the profit and loss account as non distributable reserves. In 2015 and prior years any revaluation of the property was transferred to the Revaluation Reserve
4 Debtors 2023 2022
£ £
Trade debtors - Cherish Property balance on account - 1,049
Other debtors 1,435 1,732
1,435 2,781
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,961 826
Trade creditors - 100
Bond creditors 1,650 1,650
Other creditors 226,229 169,090
230,840 171,666
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 852,712 849,000
7 Loans 2023 2022
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 852,712 849,000
Secured bank loans 852,712 849,000
The loans are interest only mortgages secured on the assets of Mckennas View, 15 Bagborough Drive, 25 School House Mews, The Hollies, Cowdery Heights and Hepworth Gardens. In addition each of the three directors has provided a personal guarantee
8 Related party transactions
None noted
9 Transactions with Directors
During the year the directors used current accounts with the company to record amounts due to them and amounts drawn by them. The accounts show an amount owing back to the directors as at 31st March 2023 of £224,758.14 (2022: £167,690.57). The amount is repayable on demand and does not carry interest.
10 Controlling party
David Jones owns 40% of the share capital with Gillian Jones and Samantha Jones each owning 30%. As David owns the largest share holding he is the ultimate controlling party.
11 Other information
Ashlar Property Management Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
The Old Mill
Millbrook Llangenny
Crickhowell
Powys
NP8 1EY
Ashlar Property Management Ltd 03935747 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 Samantha Jones No description of principal activity 03935747 2021-04-01 2022-03-31 03935747 core:WithinOneYear 2022-03-31 03935747 core:AfterOneYear 2022-03-31 03935747 core:ShareCapital 2022-03-31 03935747 core:RetainedEarningsAccumulatedLosses 2022-03-31 03935747 2022-04-01 2023-03-31 03935747 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03935747 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 03935747 bus:Director40 2022-04-01 2023-03-31 03935747 1 2022-04-01 2023-03-31 03935747 2 2022-04-01 2023-03-31 03935747 core:LandBuildings 2022-04-01 2023-03-31 03935747 core:PlantMachinery 2022-04-01 2023-03-31 03935747 core:Vehicles 2022-04-01 2023-03-31 03935747 countries:England 2022-04-01 2023-03-31 03935747 bus:FRS102 2022-04-01 2023-03-31 03935747 bus:FullAccounts 2022-04-01 2023-03-31 03935747 2023-03-31 03935747 core:WithinOneYear 2023-03-31 03935747 core:AfterOneYear 2023-03-31 03935747 core:ShareCapital 2023-03-31 03935747 core:RetainedEarningsAccumulatedLosses 2023-03-31 03935747 core:LandBuildings 2023-03-31 03935747 core:PlantMachinery 2023-03-31 03935747 core:Vehicles 2023-03-31 03935747 2022-03-31 03935747 core:LandBuildings 2022-03-31 03935747 core:PlantMachinery 2022-03-31 03935747 core:Vehicles 2022-03-31 iso4217:GBP xbrli:pure