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REGISTERED NUMBER: 02348185 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Ashdeal Limited

Ashdeal Limited (Registered number: 02348185)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ashdeal Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R A McLeod





REGISTERED OFFICE: 10 Portland Business Centre
Manor House Lane
Datchet
Slough
Berkshire
SL3 9EG





REGISTERED NUMBER: 02348185 (England and Wales)





ACCOUNTANTS: R A McLeod & Co
Chartered Accountants
10 Portland Business Centre
Manor House Lane
Datchet
Berkshire
SL3 9EG

Ashdeal Limited (Registered number: 02348185)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 975,850 975,923

CURRENT ASSETS
Debtors 5 701 701
Cash at bank 17,925 15,933
18,626 16,634
CREDITORS
Amounts falling due within one year 6 8,996 6,811
NET CURRENT ASSETS 9,630 9,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

985,480

985,746

PROVISIONS FOR LIABILITIES 104,629 104,629
NET ASSETS 880,851 881,117

CAPITAL AND RESERVES
Called up share capital 188,500 188,500
Revaluation reserve 7 245,886 245,886
Retained earnings 446,465 446,731
SHAREHOLDERS' FUNDS 880,851 881,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:



R A McLeod - Director


Ashdeal Limited (Registered number: 02348185)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ashdeal 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 represents rents received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold Long to and
property leasehold property fittings Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 438 975,000 2,109 10,072 987,619
DEPRECIATION
At 1 April 2023 - - 2,109 9,587 11,696
Charge for year - - - 73 73
At 31 March 2024 - - 2,109 9,660 11,769
NET BOOK VALUE
At 31 March 2024 438 975,000 - 412 975,850
At 31 March 2023 438 975,000 - 485 975,923

The director is of the opinion that the fair value of the three studio flats is £975,000. These values have been incorporated into the accounts.

Deferred capital gains tax of £104,629 has been provided for on any notional sale of the properties.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 701 701

Ashdeal Limited (Registered number: 02348185)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 3,473 2,193
Other creditors 5,523 4,618
8,996 6,811

7. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 245,886

8. RELATED PARTY TRANSACTIONS

Management fees of £3,025 were paid to R A McLeod & Co Ltd and accountancy fees of £3,138 were paid to R A Mcleod (Financial Services) Ltd trading as R A McLeod & Co.

9. DEFERRED TAX

Deferred tax of £104,629 has been provided in these accounts and shown under provisions for liabilities in the balance sheet. This represents capital gains tax payable in the event the properties were sold at the current valuations.