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REGISTERED NUMBER: 12052122 (England and Wales)















Financial Statements

for the Year Ended 31 March 2023

for

Ashen Ventures Limited

Ashen Ventures Limited (Registered number: 12052122)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Ashen Ventures Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: H L Price
A D W Price





REGISTERED OFFICE: Sutton Park House
Sutton Park
Sutton Green
Guildford
Surrey
GU4 7QL





REGISTERED NUMBER: 12052122 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Ashen Ventures Limited (Registered number: 12052122)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £   
FIXED ASSETS
Investments 5 4,576,300 5,030,299

CURRENT ASSETS
Debtors 6 526,665 2,483
Cash at bank 1,256,005 680,135
1,782,670 682,618
CREDITORS
Amounts falling due within one year 7 (16,101 ) (16,350 )
NET CURRENT ASSETS 1,766,569 666,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,342,869

5,696,567

CAPITAL AND RESERVES
Called up share capital 6,000,400 5,150,400
Retained earnings 342,469 546,167
6,342,869 5,696,567

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





A D W Price - Director


Ashen Ventures Limited (Registered number: 12052122)

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

1. STATUTORY INFORMATION

Ashen Ventures 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investments
Listed Investments are initially measured at cost and subsequently measured at fair value based on the mid-market price quoted on the relevant stock exchange. Changes in fair value are recognised in profit or loss.

Investments (neither listed nor unlisted) are initially measured at cost and subsequently measured at fair value. Impairment losses are recognised in profit or loss for the excess of the carrying value of the asset over the present value of the future cash flows discounted using the original effective interest rate.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Ashen Ventures Limited (Registered number: 12052122)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
Cost or valuation
At 1 April 2022 4,900,299 130,000 5,030,299
Additions 4,127,630 18,036 4,145,666
Disposals (4,623,124 ) - (4,623,124 )
Revaluations 16,902 6,557 23,459
At 31 March 2023 4,421,707 154,593 4,576,300
Net book value
At 31 March 2023 4,421,707 154,593 4,576,300
At 31 March 2022 4,900,299 130,000 5,030,299


6. DEBTORS
31/3/23 31/3/22
£    £   
Amounts falling due within one year:
Trade debtors 1,310 382
Amounts owed by group undertakings 400 -
Other debtors 111,256 2,101
112,966 2,483

Amounts falling due after more than one year:
Other debtors 413,699 -

Aggregate amounts 526,665 2,483

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Other creditors 16,101 16,350

Ashen Ventures Limited (Registered number: 12052122)

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

8. 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
£    £   
A D W Price
Balance outstanding at start of year - -
Amounts advanced 6,500 -
Amounts repaid (16 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,484 -

The loan was repaid on 19 June 2023.