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REGISTERED NUMBER: 07125263 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

ASCENT RESIDENTIAL DEVELOPMENTS LIMITED

ASCENT RESIDENTIAL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07125263)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ASCENT RESIDENTIAL DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Eamonn Michael Killoughery
James Andrew Brackenbury





REGISTERED OFFICE: Unit 2
Varity Park
Vicarage Farm Road
Peterborough
Cambridgeshire
PE1 5GU





REGISTERED NUMBER: 07125263 (England and Wales)





ACCOUNTANTS: TC Group
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

ASCENT RESIDENTIAL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07125263)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £   

CREDITORS
Amounts falling due within one year 6 186,588 186,588
NET CURRENT LIABILITIES (186,588 ) (186,588 )
TOTAL ASSETS LESS CURRENT LIABILITIES (186,588 ) (186,588 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (186,688 ) (186,688 )
SHAREHOLDERS' FUNDS (186,588 ) (186,588 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





James Andrew Brackenbury - Director


ASCENT RESIDENTIAL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07125263)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Ascent Residential Developments 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. 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.

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of one years.

Going concern
The company is dependent on the continued support of the company's parent company and other related companies under common control and ownership of the directors. Continuing finance is required both to enable the company to meet its liabilities as they fall due and to continue operating without immediate realisation of all its assets

The directors believe that continuing finance will be available and that it is therefore appropriate to prepare accounts on a going concern basis. However, should continuing finance not be available, the going concern basis would be invalid and adjustment would have to be made to reduce the value of the assets to their realisable amounts, to provide for any further liabilities which might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 500
AMORTISATION
At 1 September 2022
and 31 August 2023 500
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

ASCENT RESIDENTIAL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07125263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 19,503 18,902
Other creditors 167,085 167,686
186,588 186,588

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 September 2022 (186,688 )
Profit for the year -
At 31 August 2023 (186,688 )

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is GKL Holdings Limited.