Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The principal activity continued to be that of property trading33truetrue 08031473 2022-01-01 2022-12-31 08031473 2021-01-01 2021-12-31 08031473 2022-12-31 08031473 2021-12-31 08031473 c:Director2 2022-01-01 2022-12-31 08031473 d:CurrentFinancialInstruments 2022-12-31 08031473 d:CurrentFinancialInstruments 2021-12-31 08031473 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08031473 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 08031473 d:ShareCapital 2022-12-31 08031473 d:ShareCapital 2021-12-31 08031473 d:RetainedEarningsAccumulatedLosses 2022-12-31 08031473 d:RetainedEarningsAccumulatedLosses 2021-12-31 08031473 c:OrdinaryShareClass1 2022-01-01 2022-12-31 08031473 c:OrdinaryShareClass1 2022-12-31 08031473 c:FRS102 2022-01-01 2022-12-31 08031473 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 08031473 c:FullAccounts 2022-01-01 2022-12-31 08031473 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 08031473 d:Subsidiary1 2022-01-01 2022-12-31 08031473 d:Subsidiary1 1 2022-01-01 2022-12-31 08031473 2 2022-01-01 2022-12-31 08031473 d:ShareCapitalOtherShareTypes 2022-12-31 08031473 d:ShareCapitalOtherShareTypes 2021-12-31 08031473 d:CostValuation 2022-12-31 08031473 d:CostValuation 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08031473














ASHWICK PROJECTS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
ASHWICK PROJECTS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
ASHWICK PROJECTS LIMITED
REGISTERED NUMBER:08031473

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
100
100

  
100
100

Current assets
  

Debtors: amounts falling due within one year
 5 
408,469
380,565

  
408,469
380,565

Creditors: amounts falling due within one year
 6 
(45,594)
(19,319)

Net current assets
  
 
 
362,875
 
 
361,246

Total assets less current liabilities
  
362,975
361,346

  

Net assets
  
362,975
361,346


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
362,875
361,246

  
362,975
361,346


1

 
ASHWICK PROJECTS LIMITED
REGISTERED NUMBER:08031473
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Luzi
Director

Date: 17 November 2023

The notes on pages 3 to 6 form part of these financial statements.

2

 
ASHWICK PROJECTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Ashwick Projects Limited is a private limited company, limited by shares, incorporated in England and Wales, registration number 08031473. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity continued to be that of property trading.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company is not required to prepare consolidated accounts due to exemption under the Companies Act 2006 section 383 applicable to small groups.
The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to the Profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3

 
ASHWICK PROJECTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).


4

 
ASHWICK PROJECTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2022
100



At 31 December 2022
100





Subsidiary undertaking


The following was a subsidiary undertaking of the company:

Name

Registered office

Principal activity

Class of shares

Holding

Ashwick Developments Limited
England and Wales
Property development
Ordinary
100%



5.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
231,586
352,663

Other debtors
176,883
27,902

408,469
380,565



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
42,774
8,239

Other creditors
-
5,440

Accruals
2,820
5,640

45,594
19,319


5

 
ASHWICK PROJECTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



8.


Related party transactions

Included within other debtors at the year end is a balance totalling £132,137 owed by the director (2021 - £43 owed to the director). An Interest  of £4,740 (2021 - £4,490) has been charged on the loan and the loan is repayable on demand. 

No disclosure has been made in respect of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35.
 
6