Registered number
13514706
Ashlo Limited
Report and Accounts
31 July 2023
Ashlo Limited
Registered number: 13514706
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 1,054,061 1,054,061
Current assets
Debtors 4 336 1,092
Cash at bank and in hand 159,271 88,130
159,607 89,222
Creditors: amounts falling due within one year 5 (284,259) (451,768)
Net current liabilities (124,652) (362,546)
Total assets less current liabilities 929,409 691,515
Creditors: amounts falling due after more than one year 6 (237,588) (261,410)
Net assets 691,821 430,105
Capital and reserves
Called up share capital 1 1
Profit and loss account 691,820 430,104
Shareholder's funds 691,821 430,105
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Browne
Director
Approved by the board on 14 March 2024
Ashlo Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, a Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small companies by section 1A of the standard).
Investments
Investments in subsidiaries are measured at cost unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 August 2022 1,054,061
At 31 July 2023 1,054,061
Historical cost
At 1 August 2022 1,054,061
At 31 July 2023 1,054,061
4 Debtors 2023 2022
£ £
Other debtors 336 1,092
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 32,097 32,097
Other creditors 252,162 419,671
284,259 451,768
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 237,588 261,410
7 Related party transactions
The ultimate controlling party of Ashlo Limited is N Browne, who is also a director of Dog -Games Limited, in which Ashlo Limited owns 100% of the issued share capital.
8 Other information
Ashlo Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1 Advantage Business Park
Spring Lane South
Malvern
Worcestershire
WR14 1AT
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