IRIS Accounts Production v23.3.0.418 03497790 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034977902022-03-31034977902023-03-31034977902022-04-012023-03-31034977902021-03-31034977902021-04-012022-03-31034977902022-03-3103497790ns10:Originalns15:EnglandWales2022-04-012023-03-3103497790ns14:PoundSterlingns10:Original2022-04-012023-03-3103497790ns10:Originalns10:Director12022-04-012023-03-3103497790ns10:Original2022-04-012023-03-3103497790ns10:Original2023-03-3103497790ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3103497790ns10:Originalns10:SmallEntities2022-04-012023-03-3103497790ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3103497790ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3103497790ns10:Originalns10:FullAccounts2022-04-012023-03-3103497790ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3103497790ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3103497790ns10:CompanySecretary1ns10:Original2022-04-012023-03-3103497790ns10:Originalns10:RegisteredOffice2022-04-012023-03-3103497790ns10:Original2022-03-3103497790ns10:Originalns5:CurrentFinancialInstruments2023-03-3103497790ns10:Originalns5:CurrentFinancialInstruments2022-03-3103497790ns5:ShareCapitalns10:Original2023-03-3103497790ns5:ShareCapitalns10:Original2022-03-3103497790ns10:Originalns5:RevaluationReserve2023-03-3103497790ns10:Originalns5:RevaluationReserve2022-03-3103497790ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3103497790ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103497790ns10:Originalns5:FurnitureFittings2022-04-012023-03-3103497790ns10:Original2021-04-012022-03-3103497790ns10:Originalns5:LandBuildings2022-03-3103497790ns10:Originalns5:FurnitureFittings2022-03-3103497790ns10:Original2022-03-3103497790ns10:Originalns5:LandBuildings2023-03-3103497790ns10:Originalns5:FurnitureFittings2023-03-3103497790ns10:Originalns5:LandBuildings2022-03-3103497790ns10:Originalns5:FurnitureFittings2022-03-3103497790ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103497790ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3103497790ns10:Originalns10:OrdinaryShareClass12023-03-3103497790ns10:Originalns10:OrdinaryShareClass22023-03-3103497790ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103497790ns10:Originalns5:RevaluationReserve2022-03-3103497790ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 03497790 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Ashton Properties (Wolverhampton)
Limited

Ashton Properties (Wolverhampton)
Limited (Registered number: 03497790)






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


Ashton Properties (Wolverhampton)
Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs D Dench





SECRETARY: Mrs D Dench





REGISTERED OFFICE: 64 Hawksmoor Drive
Perton
Wolverhampton
West Midlands
WV6 7TE





REGISTERED NUMBER: 03497790 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Ashton Properties (Wolverhampton)
Limited (Registered number: 03497790)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 600,000 600,000

CURRENT ASSETS
Debtors 5 3,217 2,000
Cash at bank and in hand 38,534 38,390
41,751 40,390
CREDITORS
Amounts falling due within one year 6 27,329 30,746
NET CURRENT ASSETS 14,422 9,644
TOTAL ASSETS LESS CURRENT
LIABILITIES

614,422

609,644

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 369,893 369,893
Retained earnings 8 244,429 239,651
SHAREHOLDERS' FUNDS 614,422 609,644

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 director acknowledges her 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.

Ashton Properties (Wolverhampton)
Limited (Registered number: 03497790)

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 director and authorised for issue on 31 October 2023 and were signed by:





Mrs D Dench - Director


Ashton Properties (Wolverhampton)
Limited (Registered number: 03497790)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Ashton Properties (Wolverhampton) 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 15% 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.

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.

Ashton Properties (Wolverhampton)
Limited (Registered number: 03497790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Investment properties
In accordance with Statement of Standard Accounting Practice Number 19, Accounting for Investment Properties, the investment properties have been stated at open market values and the aggregate surpluses or deficits are transferred to revaluation reserve. No depreciation is provided in respect of the investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in SSAP19.

The director considers that, because there properties are not held for the consumption but for its investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt SSAP19 in order to give a true and fair view.

If this departure from the Act had not been made the profit for the year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified because depreciation is only one of many factors reflected in the annual valuation and the amount by which might otherwise have been shown cannot be separately identified or quantified.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 600,000 14,084 614,084
DEPRECIATION
At 1 April 2022
and 31 March 2023 - 14,084 14,084
NET BOOK VALUE
At 31 March 2023 600,000 - 600,000
At 31 March 2022 600,000 - 600,000

Ashton Properties (Wolverhampton)
Limited (Registered number: 03497790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2014 199,893 - 199,893
Valuation in 2021 170,000 - 170,000
Cost 230,107 14,084 244,191
600,000 14,084 614,084

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 230,107 230,107

The investment properties were valued on an open market value basis on 31 March 2022 by the Director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 1,037 -
Prepayments and accrued income 2,180 2,000
3,217 2,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 13,559 19,154
Social security and other taxes - 335
Directors' current accounts 3,077 2,637
Accruals and deferred income 10,693 8,620
27,329 30,746

Ashton Properties (Wolverhampton)
Limited (Registered number: 03497790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 239,651 369,893 609,544
Profit for the year 16,778 16,778
Dividends (12,000 ) (12,000 )
At 31 March 2023 244,429 369,893 614,322

9. RELATED PARTY DISCLOSURES

The company paid dividends totalling £12,000 in the year under review to its director Mrs D Dench.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is not known.

The company was controlled throughout the year by Mrs D Dench who held 92% of the issued share capital at the balance sheet date.