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REGISTERED NUMBER: 01329505 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

ASCOT RESIDENTIAL HOMES LIMITED

ASCOT RESIDENTIAL HOMES LIMITED (REGISTERED NUMBER: 01329505)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASCOT RESIDENTIAL HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: Mr D R Tanner
Ms F R Tinneny





SECRETARY: Mr D R Tanner





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 01329505 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

ASCOT RESIDENTIAL HOMES LIMITED (REGISTERED NUMBER: 01329505)

BALANCE SHEET
30TH SEPTEMBER 2023

30.9.23 30.9.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 265,218 309,967
Investments 5 1,446,588 1,422,673
1,711,806 1,732,640

CURRENT ASSETS
Debtors 6 174,566 149,072
Cash at bank and in hand 626,810 425,826
801,376 574,898
CREDITORS
Amounts falling due within one year 7 674,909 584,649
NET CURRENT ASSETS/(LIABILITIES) 126,467 (9,751 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,838,273

1,722,889

PROVISIONS FOR LIABILITIES 110,374 79,200
NET ASSETS 1,727,899 1,643,689

CAPITAL AND RESERVES
Called up share capital 80 80
Revaluation reserve 8 194,922 182,880
Retained earnings 1,532,897 1,460,729
1,727,899 1,643,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 9th April 2024 and were signed on its behalf by:




Mr D R Tanner - Director


ASCOT RESIDENTIAL HOMES LIMITED (REGISTERED NUMBER: 01329505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

1. STATUTORY INFORMATION

Ascot Residential Homes 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life

Short leasehold 25% on cost
Plant and machinery 20% on cost and reducing balance
Fixtures and fittings 20% on cost and reducing balance
Motor vehicles 25% on cost and reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 98 (2022 - 94 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1st October 2022 765,714 247,757 383,162 43,240 1,439,873
Additions - 41,483 12,817 44,150 98,450
Disposals - - - (31,040 ) (31,040 )
At 30th September 2023 765,714 289,240 395,979 56,350 1,507,283
DEPRECIATION
At 1st October 2022 645,578 177,631 274,478 32,219 1,129,906
Charge for year 75,967 22,322 24,300 11,520 134,109
Eliminated on disposal - - - (21,950 ) (21,950 )
At 30th September 2023 721,545 199,953 298,778 21,789 1,242,065
NET BOOK VALUE
At 30th September 2023 44,169 89,287 97,201 34,561 265,218
At 30th September 2022 120,136 70,126 108,684 11,021 309,967

ASCOT RESIDENTIAL HOMES LIMITED (REGISTERED NUMBER: 01329505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST OR VALUATION
At 1st October 2022 1,422,673
Revaluations 23,915
At 30th September 2023 1,446,588
NET BOOK VALUE
At 30th September 2023 1,446,588
At 30th September 2022 1,422,673

Cost or valuation at 30th September 2023 is represented by:

Other
investments
£
Valuation in 2023 1,446,588

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£ £
Trade debtors 127,598 102,491
Prepayments 46,968 46,581
174,566 149,072

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£ £
Trade creditors 34,830 33,188
Tax 31,963 24,633
Social security and other taxes 72,420 55,432
Net wages 172,215 141,019
Other creditors 5,062 3,662
Directors' current accounts 273 128
Accrued expenses 358,146 326,587
674,909 584,649

8. RESERVES
Revaluation
reserve
£
At 1st October 2022 182,880
Revaluation movement in year 12,042

At 30th September 2023 194,922

ASCOT RESIDENTIAL HOMES LIMITED (REGISTERED NUMBER: 01329505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2023 and 30th September 2022:

30.9.23 30.9.22
£ £
Mr D R Tanner
Balance outstanding at start of year - -
Amounts advanced 72,765 -
Amounts repaid (72,765 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -