Company Registration No. 13222724 (England and Wales)
ASCOTT PROPERTY LIMITED
Unaudited accounts
for the year ended 28 February 2023
ASCOTT PROPERTY LIMITED
Unaudited accounts
Contents
ASCOTT PROPERTY LIMITED
Company Information
for the year ended 28 February 2023
Director
Ronald Wai Chun SOON
Company Number
13222724 (England and Wales)
Registered Office
4 CHARLOTTE MEWS
NEWCASTLE UPON TYNE
NE1 4XH
ENGLAND
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
ASCOTT PROPERTY LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
220,000
220,000
Cash at bank and in hand
6,238
6,237
Creditors: amounts falling due within one year
(223,399)
(239,744)
Net current liabilities
(217,161)
(233,507)
Net assets/(liabilities)
2,839
(13,507)
Called up share capital
1
1
Profit and loss account
2,838
(13,508)
Shareholders' funds
2,839
(13,507)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2023 and were signed on its behalf by
Ronald Wai Chun SOON
Director
Company Registration No. 13222724
ASCOTT PROPERTY LIMITED
Notes to the Accounts
for the year ended 28 February 2023
ASCOTT PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13222724. The registered office is 4 CHARLOTTE MEWS, NEWCASTLE UPON TYNE, NE1 4XH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
At 28 February 2023
220,000
At 28 February 2023
220,000
At 28 February 2022
220,000
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
666
-
Loans from directors
222,109
239,744
ASCOTT PROPERTY LIMITED
Notes to the Accounts
for the year ended 28 February 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Current Account
(239,744)
17,947
312
(222,109)
(239,744)
17,947
312
(222,109)
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).