Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-312022-04-01falseact as a member of a LLP2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2truetrue 07065355 2022-04-01 2023-03-31 07065355 2021-04-01 2022-03-31 07065355 2023-03-31 07065355 2022-03-31 07065355 c:Director2 2022-04-01 2023-03-31 07065355 d:CurrentFinancialInstruments 2023-03-31 07065355 d:CurrentFinancialInstruments 2022-03-31 07065355 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07065355 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07065355 d:ShareCapital 2023-03-31 07065355 d:ShareCapital 2022-03-31 07065355 d:RetainedEarningsAccumulatedLosses 2023-03-31 07065355 d:RetainedEarningsAccumulatedLosses 2022-03-31 07065355 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07065355 c:OrdinaryShareClass1 2023-03-31 07065355 c:OrdinaryShareClass1 2022-03-31 07065355 c:FRS102 2022-04-01 2023-03-31 07065355 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07065355 c:FullAccounts 2022-04-01 2023-03-31 07065355 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07065355 2 2022-04-01 2023-03-31 07065355 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07065355














PAD ASCOT LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
PAD ASCOT LTD
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
PAD ASCOT LTD
REGISTERED NUMBER:07065355

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Fixed asset investments
  
5,500,000
5,500,000

Current assets
  

Bank and cash balances
  
150
151

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(6,321,748)
(6,191,704)

Net current liabilities
  
 
 
(6,321,598)
 
 
(6,191,553)

Net liabilities
  
(821,598)
(691,553)


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
(821,599)
(691,554)

  
(821,598)
(691,553)


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 statement of comprehensive income 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 on 25 March 2024.




A Keats
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
PAD ASCOT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

PAD Ascot Ltd is a private limited liability company incorporated in England and Wales. Its principal place of business is at 20 Coxon Street, Spondon, Derby, DE21 7JG, and its registered office is at 20 Greenhill Crescent, Watford, Hertfordshire, England, WD18 8JA.

The principal activity of the Company is to act as a member of a LLP.
The Company's functional and presentational currency is £ Sterling.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued financial support of a company under common control. In the opinion of the directors, the company will continue to receive such financial support as may be required to enable it to meet its liabilities for at least 12 months following the date of their approval of the financial statements and accordingly they have prepared the financial statements on a going concern basis.

 
2.3

Interest income

Interest income is recognised in profit or loss according to the terms of the agreement.

 
2.4

Borrowing costs

Borrowing costs are amortised in the Statement of Comprehensive Income over the term of the loan.

 
2.5

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 reporting date in the countries where the Company operates and generates income.

 
2.6

Valuation of investments

Investments in unlisted Company shares are measured at cost less accumulated impairment.

 
2.7

Debtors

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

Page 2

 
PAD ASCOT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short term creditors are measured at the transaction price. 

 
2.9

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, other third parties and loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Unlisted investments

£



Cost


At 1 April 2022
5,500,000



At 31 March 2023
5,500,000





5.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
-
2,160

Amounts owed to other participating interests
268,302
345,086

Other creditors
6,048,910
5,842,298

Accruals and deferred income
4,536
2,160

6,321,748
6,191,704


Page 3

 
PAD ASCOT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) ordinary share of £1.00
1
1


 
Page 4