Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-08-01falseThe principal activity of the company continued to be that of property investment.11falsetruefalse 05517023 2022-08-01 2023-07-31 05517023 2021-08-01 2022-07-31 05517023 2023-07-31 05517023 2022-07-31 05517023 2021-08-01 05517023 2 2022-08-01 2023-07-31 05517023 2 2021-08-01 2022-07-31 05517023 3 2022-08-01 2023-07-31 05517023 3 2021-08-01 2022-07-31 05517023 d:Director1 2022-08-01 2023-07-31 05517023 e:FreeholdInvestmentProperty 2023-07-31 05517023 e:FreeholdInvestmentProperty 2022-07-31 05517023 e:FreeholdInvestmentProperty 2 2022-08-01 2023-07-31 05517023 e:CurrentFinancialInstruments 2023-07-31 05517023 e:CurrentFinancialInstruments 2022-07-31 05517023 e:CurrentFinancialInstruments e:WithinOneYear 2023-07-31 05517023 e:CurrentFinancialInstruments e:WithinOneYear 2022-07-31 05517023 e:ShareCapital 2023-07-31 05517023 e:ShareCapital 2021-08-01 2022-07-31 05517023 e:ShareCapital 2022-07-31 05517023 e:ShareCapital 2021-08-01 05517023 e:OtherMiscellaneousReserve 2023-07-31 05517023 e:OtherMiscellaneousReserve 2 2022-08-01 2023-07-31 05517023 e:OtherMiscellaneousReserve 3 2022-08-01 2023-07-31 05517023 e:OtherMiscellaneousReserve 2021-08-01 2022-07-31 05517023 e:OtherMiscellaneousReserve 2022-07-31 05517023 e:OtherMiscellaneousReserve 2021-08-01 05517023 e:OtherMiscellaneousReserve 2 2021-08-01 2022-07-31 05517023 e:OtherMiscellaneousReserve 3 2021-08-01 2022-07-31 05517023 e:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 05517023 e:RetainedEarningsAccumulatedLosses 2023-07-31 05517023 e:RetainedEarningsAccumulatedLosses 2 2022-08-01 2023-07-31 05517023 e:RetainedEarningsAccumulatedLosses 3 2022-08-01 2023-07-31 05517023 e:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 05517023 e:RetainedEarningsAccumulatedLosses 2022-07-31 05517023 e:RetainedEarningsAccumulatedLosses 2021-08-01 05517023 e:RetainedEarningsAccumulatedLosses 2 2021-08-01 2022-07-31 05517023 e:RetainedEarningsAccumulatedLosses 3 2021-08-01 2022-07-31 05517023 d:FRS102 2022-08-01 2023-07-31 05517023 d:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05517023 d:FullAccounts 2022-08-01 2023-07-31 05517023 d:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05517023 2 2022-08-01 2023-07-31 05517023 f:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 05517023










ASHBROOK LAND AND DEVELOPMENTS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
ASHBROOK LAND AND DEVELOPMENTS LTD
REGISTERED NUMBER: 05517023

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
420,000
400,000

  
420,000
400,000

Current assets
  

Debtors: amounts falling due within one year
 5 
195,102
245,420

Cash at bank and in hand
  
21,000
1,478

  
216,102
246,898

Creditors: amounts falling due within one year
 6 
(359,574)
(424,635)

Net current liabilities
  
 
 
(143,472)
 
 
(177,737)

Total assets less current liabilities
  
276,528
222,263

Provisions for liabilities
  

Deferred tax
  
(53,431)
(48,431)

  
 
 
(53,431)
 
 
(48,431)

Net assets
  
223,097
173,832


Capital and reserves
  

Called up share capital 
  
1
1

Other reserves
  
160,291
145,291

Profit and loss account
  
62,805
28,540

  
223,097
173,832


Page 1

 
ASHBROOK LAND AND DEVELOPMENTS LTD
REGISTERED NUMBER: 05517023
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The director considers 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 director acknowledges his 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 profit and loss account 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 30 March 2024.


N D James
Director

The notes on pages 5 to 9 form part of these financial statements.

Page 2

 
ASHBROOK LAND AND DEVELOPMENTS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2023


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£

At 1 August 2022
1
145,291
28,540
173,832


Comprehensive income for the year

Profit for the year
-
-
49,265
49,265

Transfer of fair value movement on investment
properties
-
20,000
(20,000)
-

Transfer of deferred tax on investment properties
-
(5,000)
5,000
-


At 31 July 2023
1
160,291
62,805
223,097


The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
ASHBROOK LAND AND DEVELOPMENTS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2022


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£

At 1 August 2021
1
116,415
265
116,681


Comprehensive income for the year

Profit for the year
-
-
57,151
57,151
Total comprehensive income for the year
-
-
57,151
57,151

Transfer of fair value movement on investment
properties
-
50,000
(50,000)
-

Transfer of deferred tax on investment properties
-
(21,124)
21,124
-


At 31 July 2022
1
145,291
28,540
173,832


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
ASHBROOK LAND AND DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The company is a private company limited by share capital, incorporated in England and Wales. The address of the registered office is 14th Floor, 33 Cavendish Square, W1G 0PW, London. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director will continue to support the company.

 
2.3

Revenue

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

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 5

 
ASHBROOK LAND AND DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
ASHBROOK LAND AND DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
 

Page 7

 
ASHBROOK LAND AND DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 August 2022
400,000


Surplus on revaluation
20,000



At 31 July 2023
420,000

The 2023 valuations were made by the Director, on an open market value for existing use basis.





5.


Debtors

2023
2022
£
£


Other debtors
192,752
243,337

Prepayments and accrued income
2,350
2,083

195,102
245,420


Page 8

 
ASHBROOK LAND AND DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
8,592
6,632

Other creditors
349,242
416,263

Accruals and deferred income
1,740
1,740

359,574
424,635



7.


Related party transactions

At the year end date, a balance of  £137,180 (2022: £204,165) was owed to the director.

 
Page 9