Registration number:
Ash Addlewell Limited
for the Period from 1 July 2022 to 31 March 2023
Ash Addlewell Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Ash Addlewell Limited
(Registration number: 02947284)
Balance Sheet as at 31 March 2023
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2023 |
2022 |
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Fixed assets |
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Investment properties |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Capital redemption reserve |
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Revaluation reserve |
- |
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Other reserves |
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Profit and loss account |
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( |
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Total equity |
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Ash Addlewell Limited
(Registration number: 02947284)
Balance Sheet as at 31 March 2023
For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Ash Addlewell Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
UK
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are prepared in sterling, which the functional currency of the company, and rounded to the nearest £.
Going concern
Following the disposal of the remaining investment property in the period, the company ceased trading and it will be wound up in due course. Therefore, these accounts have been prepared on a break up basis with assets written down to their recoverable amounts and liabilities provided for in full.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the rental of property and provision of services in the ordinary course of the company’s activities. The rents received are recognised on a straight line basis over the life of the lease.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Ash Addlewell Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 March 2023
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investment properties
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Ash Addlewell Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 March 2023
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
A dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the period was
Investment properties |
2023 |
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At 1 July 2021 |
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Disposals |
( |
At 31 March 2022 |
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Investment properties with a carrying amount of £nil (2022 - £720,000) have been pledged as security for bank borrowings.
Debtors |
Note |
2023 |
2022 |
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Trade debtors |
- |
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Amounts owed by related parties |
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Other debtors |
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The carrying amount of debtors pledged as security for liabilities amounted to £Nil (2022 - £286,362).
Ash Addlewell Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 March 2023
Creditors |
Due within one year |
Note |
2023 |
2022 |
Loans and borrowings |
- |
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Trade creditors |
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Amounts due to related parties |
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Social security and other taxes |
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Other creditors |
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- |
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Accruals |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings were secured by way of a fixed charge over property to which they relate, as disclosed in notes 4 and 5. The charges were satisfied in the period upon the sale of the investment property.
Loans and borrowings |
2023 |
2022 |
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Non-current loans and borrowings |
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Bank loans |
- |
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2023 |
2022 |
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Current loans and borrowings |
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Bank loans |
- |
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Ash Addlewell Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 March 2023
Related party transactions |
Transactions with the former director |
2023 |
At 1 July 2022 |
Repayments by director |
At 31 March 2023 |
Mr R R Hazell deceased |
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( |
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2022 |
At 1 July 2021 |
Advances to director |
Repayments by director |
At 30 June 2022 |
Mr R R Hazell deceased |
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- |
( |
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Summary of transactions with entities with joint control or significant interest
Expenditure with and payables to related parties
2023 |
Entities with joint control or significant influence |
At start of period |
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Advanced |
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Repaid |
( |
At end of period |
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2022 |
Entities with joint control or significant influence |
At start of period |
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Advanced |
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Repaid |
( |
At end of period |
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Ash Addlewell Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 March 2023
Summary of transactions with other related parties
Loans from related parties
2023 |
Other related parties |
At start of period |
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At end of period |
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2022 |
Other related parties |
At start of period |
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Advanced |
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Repaid |
( |
At end of period |
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