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REGISTERED NUMBER: 06987478 (England and Wales)







STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

ASHBERG LIMITED

ASHBERG LIMITED (REGISTERED NUMBER: 06987478)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31st August 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


ASHBERG LIMITED

COMPANY INFORMATION
For The Year Ended 31st August 2023







DIRECTORS: J S Dallas
Ms T Wreford





REGISTERED OFFICE: 16, Great Queen Street
Covent Garden
London
WC2B 5AH





REGISTERED NUMBER: 06987478 (England and Wales)





AUDITORS: Bromley Clackett Limited
76 Aldwick Road
Bognor Regis
West Sussex
PO21 2PE

ASHBERG LIMITED (REGISTERED NUMBER: 06987478)

STRATEGIC REPORT
For The Year Ended 31st August 2023

Ashberg has developed an environment of collaboration amongst our Appointed Representative's and also taken on our own client dealing staff. Ashberg's business model has a narrow scope encompassing arranging, advising and corporate finance services, for businesses looking to raise debt or equity capital in accordance with our FCA permissions.

REVIEW OF BUSINESS
Key themes this year centre around expanding Ashberg's own deal execution abilities, alongside collaboration with our AR's.

KEY PERFORMANCE INDICATORS
The directors consider that turnover is the most relevant key performance indicator. As detailed in the profit and loss account, turnover for the year was £194,034 (2022: £117,700).

DIRECTORS' STATEMENT OF COMPLIANCE WITH DUTY TO PROMOTE SUCCESS OF THE COMPANY
The directors have made, and will continue to make, long term decisions that take into considerations:

1. The interest of the company's employees;

2. The need to foster successful relationships with the company's clients, suppliers and wider stakeholders;

3. The company's impact on its community and environment;

4. The principle of conducting the company's affairs with high standards of business behaviour;

5. The need to act fairly when repesenting different members of the company.

PRINCIPAL RISKS AND UNCERTAINTIES
Ashberg continues to monitor political risk in all of the geographies where we have exposure and we are committed to conforming with Environmental, social and governance responsibilities, in accordance with industry best practice.

FUTURE DEVELOPMENTS
Ashberg will continue to grow our own undertakings and still support the growth and development of our Appointed Representative Partners whilst focusing on renewable energy, food security and impact investing as key themes for 2024.

ON BEHALF OF THE BOARD:





Ms T Wreford - Director


20th December 2023

ASHBERG LIMITED (REGISTERED NUMBER: 06987478)

REPORT OF THE DIRECTORS
For The Year Ended 31st August 2023

The directors present their report with the financial statements of the company for the year ended 31st August 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st September 2022 to the date of this report.

J S Dallas
Ms T Wreford

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Bromley Clackett Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Ms T Wreford - Director


20th December 2023

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHBERG LIMITED

Opinion
We have audited the financial statements of Ashberg Limited (the 'company') for the year ended 31st August 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31st August 2023 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHBERG LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHBERG LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, and non-compliance with laws and regulations, our procedures included the following: enquiring of management concerning the Company's policies with regards to identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; enquiring of management concerning the company's policies for detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; enquiring of management concerning the Company's policies in relation to the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; discussing among the engagement team where fraud might occur in the financial statements and any potential indicators of fraud; and obtaining an understanding of the legal and regulatory framework that the Company operates in and focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the Company. The key laws and regulations we considered in this context included the UK Companies Act 2006, the Financial Services and Markets Act 2000 and applicable tax legislation.

As a result of performing the above, we identified the manipulation of the valuation of investments, management override of controls and non-compliance with the rules of the Financial Conduct authority ('the FCA') as particular focus areas. Our procedures to respond to risks identified included the following: performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; reviewing the bank statements of the Company for evidence of any large or unusual activity which may be indicative of fraud; enquiring of management in relation to any potential litigation and claims; testing the appropriateness of journal entries and other adjustments; and assessing whether judgements made in making accounting estimates, particularly in relation to valuation of investments are indicative of potential bias.

The Company was authorised and regulated by the FCA throughout the period. Our procedures to respond to risks identified included the following: reviewing correspondence between the Company and the FCA, performing analytical review to detect receipts of client money and remaining alert to the possibility of accidental receipt of client monies; and discussion of regulatory matters with the appointed officers of the Company.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions,the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHBERG LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr L Clackett FCCA ACA (Senior Statutory Auditor)
for and on behalf of Bromley Clackett Limited
76 Aldwick Road
Bognor Regis
West Sussex
PO21 2PE

21st December 2023

ASHBERG LIMITED (REGISTERED NUMBER: 06987478)

INCOME STATEMENT
For The Year Ended 31st August 2023

31.8.23 31.8.22
Notes £    £   

TURNOVER 194,034 117,700

Administrative expenses 233,227 97,350
OPERATING (LOSS)/PROFIT 5 (39,193 ) 20,350

Amounts written off investments 6 - 287,035
LOSS BEFORE TAXATION (39,193 ) (266,685 )

Tax on loss 7 - -
LOSS FOR THE FINANCIAL YEAR (39,193 ) (266,685 )

ASHBERG LIMITED (REGISTERED NUMBER: 06987478)

OTHER COMPREHENSIVE INCOME
For The Year Ended 31st August 2023

31.8.23 31.8.22
Notes £    £   

LOSS FOR THE YEAR (39,193 ) (266,685 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(39,193

)

(266,685

)

ASHBERG LIMITED (REGISTERED NUMBER: 06987478)

BALANCE SHEET
31st August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 - 131
Investments 9 288,334 288,334
288,334 288,465

CURRENT ASSETS
Debtors 10 16,311 59,513
Cash at bank 11,210 9,987
27,521 69,500
CREDITORS
Amounts falling due within one year 11 135,723 138,640
NET CURRENT LIABILITIES (108,202 ) (69,140 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,132

219,325

CAPITAL AND RESERVES
Called up share capital 13 1,501,237 1,501,237
Share premium 14 22,125 22,125
Retained earnings 14 (1,343,230 ) (1,304,037 )
SHAREHOLDERS' FUNDS 180,132 219,325

The financial statements were approved by the Board of Directors and authorised for issue on 20th December 2023 and were signed on its behalf by:





Ms T Wreford - Director


ASHBERG LIMITED (REGISTERED NUMBER: 06987478)

STATEMENT OF CHANGES IN EQUITY
For The Year Ended 31st August 2023

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1st September 2021 1,501,237 (1,037,352 ) 22,125 486,010

Changes in equity
Total comprehensive income - (266,685 ) - (266,685 )
Balance at 31st August 2022 1,501,237 (1,304,037 ) 22,125 219,325

Changes in equity
Total comprehensive income - (39,193 ) - (39,193 )
Balance at 31st August 2023 1,501,237 (1,343,230 ) 22,125 180,132

ASHBERG LIMITED (REGISTERED NUMBER: 06987478)

CASH FLOW STATEMENT
For The Year Ended 31st August 2023

31.8.23 31.8.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (6,243 ) (9,295 )
Net cash from operating activities (6,243 ) (9,295 )

Cash flows from investing activities
Purchase of tangible fixed assets - (292 )
Net cash from investing activities - (292 )

Cash flows from financing activities
New loans in year 10,700 15,488
Loan repayments in year (3,234 ) -
Net cash from financing activities 7,466 15,488

Increase in cash and cash equivalents 1,223 5,901
Cash and cash equivalents at beginning of
year

2

9,987

4,086

Cash and cash equivalents at end of year 2 11,210 9,987

ASHBERG LIMITED (REGISTERED NUMBER: 06987478)

NOTES TO THE CASH FLOW STATEMENT
For The Year Ended 31st August 2023

1. RECONCILIATION OF LOSS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
31.8.23 31.8.22
£    £   
Loss before taxation (39,193 ) (266,685 )
Depreciation charges 131 406
Impairment of investments - 287,035
(39,062 ) 20,756
Decrease/(increase) in trade and other debtors 43,202 (33,200 )
(Decrease)/increase in trade and other creditors (10,383 ) 3,149
Cash generated from operations (6,243 ) (9,295 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st August 2023
31.8.23 1.9.22
£    £   
Cash and cash equivalents 11,210 9,987
Year ended 31st August 2022
31.8.22 1.9.21
£    £   
Cash and cash equivalents 9,987 4,086


3. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

Other
non-cash
At 1.9.22 Cash flow changes At 31.8.23
£    £    £    £   
Net cash
Cash at bank 9,987 1,223 11,210
9,987 1,223 11,210
Debt
Debts falling due
within 1 year - (3,300 ) (8,000 ) (11,300 )
- (3,300 ) (8,000 ) (11,300 )
Total 9,987 (2,077 ) (8,000 ) (90 )

ASHBERG LIMITED (REGISTERED NUMBER: 06987478)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31st August 2023

1. STATUTORY INFORMATION

Ashberg 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling and are rounded to the nearest pound.

Turnover
Turnover is recognised to the extent that it is probable that economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings, tools and equipment - 25% on cost

Investments in associates
Investments in subsidiaries and associates are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Financial instruments
The company does not trade in financial instruments and all such instruments arise directly from operations.

All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The company does not hold collateral against its trade and other receivables so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment.

The company's cash holdings comprise on demand balances.

Trade and other creditors and accruals are initially recognised at transaction value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


ASHBERG LIMITED (REGISTERED NUMBER: 06987478)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st August 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The directors review the value of fixed asset investments annually for indicators that the assets may be impaired. The calculation of the impairment value involves estimating the recoverable amount of the assets and this is the higher of their fair value and value in use. There is a high degree of estimation uncertainty when valuing the recoverable amount of such assets.

4. EMPLOYEES AND DIRECTORS
31.8.23 31.8.22
£    £   
Wages and salaries 50,000 49,833
Social security costs 5,730 5,854
55,730 55,687

The average number of employees during the year was as follows:
31.8.23 31.8.22

Director 2 2

31.8.23 31.8.22
£    £   
Directors' remuneration 50,000 49,833

5. OPERATING (LOSS)/PROFIT

The operating loss (2022 - operating profit) is stated after charging:

31.8.23 31.8.22
£    £   
Depreciation - owned assets 131 405
Auditor's remuneration 5,000 5,200
Auditor's remuneration - non audit 1,800 1,850

ASHBERG LIMITED (REGISTERED NUMBER: 06987478)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st August 2023

6. AMOUNTS WRITTEN OFF INVESTMENTS
31.8.23 31.8.22
£    £   
Amount provided against
investment - 287,035

7. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31st August 2023 nor for the year ended 31st August 2022.

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.8.23 31.8.22
£    £   
Loss before tax (39,193 ) (266,685 )
Loss multiplied by the standard rate of corporation tax in the UK of 19%
(2022 - 19%)

(7,447

)

(50,670

)

Effects of:
Expenses not deductible for tax purposes - 55,500
Unrelieved tax losses carried forward 7,447 (4,830 )
Total tax charge - -

8. TANGIBLE FIXED ASSETS
Fixtures,
fittings,
tools and
equipment
£   
COST
At 1st September 2022
and 31st August 2023 3,305
DEPRECIATION
At 1st September 2022 3,174
Charge for year 131
At 31st August 2023 3,305
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 131

ASHBERG LIMITED (REGISTERED NUMBER: 06987478)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st August 2023

9. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1st September 2022
and 31st August 2023 575,369
PROVISIONS
At 1st September 2022
and 31st August 2023 287,035
NET BOOK VALUE
At 31st August 2023 288,334
At 31st August 2022 288,334

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

NCT Technology Ventures Ltd
Registered office: The Business Terrace, King Street, Maidstone, England, ME15 6AW
Nature of business: Venture capital
%
Class of shares: holding
Ordinary 33.46
31.12.22 31.12.21
£    £   
Aggregate capital and reserves 115,667 35,424
Profit/(loss) for the year 80,243 (29,168 )

The brought forward investment includes £1,300 of capital in Ruffena Property Partners LLP, a limited liability partnership incorporated in England and wales.

The remaining brought forward figure represents a holding in NCL Technology Ventures Ltd, a company
incorporated in England and Wales. The company's shareholding on 1 September 2022 was 295 A shares and 486 non voting A shares with a side letter which equates to 33.46% of the total issued share capital, 12.63% voting shares and 20.83% non voting shares. On 3rd October 2022, the side letter expired and Ashberg's shareholding became 781 voting A shares, which equates to 33.46% of the total issued share capital.

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.2331.8.22
£   £   
Trade debtors13,46915,722
Other debtors369369
Prepayments and accrued income2,47343,422
16,31159,513

ASHBERG LIMITED (REGISTERED NUMBER: 06987478)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st August 2023

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.2331.8.22
£   £   
Other loans107,924100,458
Trade creditors10,1808,669
Taxation and social security4,4915,375
Other creditors6,32815,138
Accruals and deferred income6,8009,000
135,723138,640

12. LOANS

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£    £   
Amounts falling due within one year or on demand:
Other loans 11,300 -

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1,501,237 Ordinary shares 1.00 1,501,237 1,501,237

14. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1st September 2022 (1,304,037 ) 22,125 (1,281,912 )
Deficit for the year (39,193 ) (39,193 )
At 31st August 2023 (1,343,230 ) 22,125 (1,321,105 )

15. RELATED PARTY DISCLOSURES

Included in other loans are loans of £96,624 (2022 £100,458) due to the directors. The loans are interest-free with no fixed repayment date.

16. ULTIMATE CONTROLLING PARTY

The controlling party is J S Dallas.