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REGISTERED NUMBER: 01772256 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ASTON CHASE LIMITED

ASTON CHASE LIMITED (REGISTERED NUMBER: 01772256)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASTON CHASE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R B Bernstone
M Pollack
M C B Sulkin





SECRETARY: R B Bernstone





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 01772256 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

ASTON CHASE LIMITED (REGISTERED NUMBER: 01772256)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 263,197 294,889

CURRENT ASSETS
Debtors 5 1,278,385 451,918
Cash at bank and in hand 1,756,415 1,773,183
3,034,800 2,225,101
CREDITORS
Amounts falling due within one year 6 (771,365 ) (713,637 )
NET CURRENT ASSETS 2,263,435 1,511,464
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,526,632

1,806,353

CREDITORS
Amounts falling due after more than one
year

7

(116,667

)

(166,667

)

PROVISIONS FOR LIABILITIES (27,723 ) (33,528 )
NET ASSETS 2,382,242 1,606,158

CAPITAL AND RESERVES
Called up share capital 11 9,500 9,500
Capital redemption reserve 500 500
Retained earnings 2,372,242 1,596,158
SHAREHOLDERS' FUNDS 2,382,242 1,606,158

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 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.

ASTON CHASE LIMITED (REGISTERED NUMBER: 01772256)

BALANCE SHEET - continued
31 MARCH 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 27 July 2023 and were signed on its behalf by:




R B Bernstone - Director



M Pollack - Director


ASTON CHASE LIMITED (REGISTERED NUMBER: 01772256)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Aston Chase 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
The turnover represents net invoiced sales of services, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - evenly over the period of the lease
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 18 ) .

ASTON CHASE LIMITED (REGISTERED NUMBER: 01772256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 112,089 331,006 8,328 191,587 643,010
Additions - 10,136 - 8,541 18,677
At 31 March 2023 112,089 341,142 8,328 200,128 661,687
DEPRECIATION
At 1 April 2022 - 174,644 2,082 171,395 348,121
Charge for year - 41,624 1,562 7,183 50,369
At 31 March 2023 - 216,268 3,644 178,578 398,490
NET BOOK VALUE
At 31 March 2023 112,089 124,874 4,684 21,550 263,197
At 31 March 2022 112,089 156,362 6,246 20,192 294,889

Depreciation on short leasehold will start from May 2023. The charges from previous years has been reversed.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 733,115 138,925
Other debtors 545,270 312,993
1,278,385 451,918

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 8) 50,000 50,000
Trade creditors 95,254 173,326
Taxation and social security 507,351 399,824
Other creditors 118,760 90,487
771,365 713,637

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 8) 116,667 166,667

ASTON CHASE LIMITED (REGISTERED NUMBER: 01772256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 50,000 50,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 50,000 50,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 66,667 116,667

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 90,565 90,565
Between one and five years 329,200 329,200
In more than five years 320,935 411,500
740,700 831,265

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 166,667 216,667

The bank loan is secured by a fixed and floating charge over the fixed assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
3,750 Ordinary-A £1 3,750 3,750
3,750 Ordinary-B £1 3,750 3,750
750 Ordinary-C £1 750 750
1,250 Ordinary-E £1 1,250 1,250
9,500 9,500

Each class of shares rank pari passu in all respects save that the holders of each class of shares are entitled to separate dividends in respect of that class.

ASTON CHASE LIMITED (REGISTERED NUMBER: 01772256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


12. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of it's employees. Amounts charged to the profit and loss account were £29,430 for the year (2022:£26,052). There were outstanding employer contributions of £2,432 (2022: £2,212) at the balance sheet date.

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
M Pollack
Balance outstanding at start of year 217,155 -
Amounts advanced 217,155 217,155
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 434,310 217,155

The loan will be repaid within 9 months after the balance sheet date.