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Registration number: 07334489


Ash Hall Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 30 April 2023

 

Ash Hall Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Ash Hall Limited

Company Information

Director

Mr G Bowker

Registered office

192 Armshead Road
Werrington
Stoke on Trent
Staffordshire
ST9 0EL

Accountants

Howsons
Chartered Accountants
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

 

Ash Hall Limited

(Registration number: 07334489)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

319,838

331,451

Investment property

5

556,800

556,800

 

876,638

888,251

Current assets

 

Stocks

1,000

1,000

Debtors

6

124,445

150,005

Cash at bank and in hand

 

4,231,776

3,596,440

 

4,357,221

3,747,445

Creditors: Amounts falling due within one year

7

(456,803)

(528,110)

Net current assets

 

3,900,418

3,219,335

Net assets

 

4,777,056

4,107,586

Capital and reserves

 

Called up share capital

72

72

Capital redemption reserve

504,320

504,320

Retained earnings

4,272,664

3,603,194

Shareholders' funds

 

4,777,056

4,107,586

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 April 2024
 

 

Ash Hall Limited

(Registration number: 07334489)
Balance Sheet as at 30 April 2023

.........................................
Mr G Bowker
Director

   
     
 

Ash Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
192 Armshead Road
Werrington
Stoke on Trent
Staffordshire
ST9 0EL

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Ash Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold buildings

2%-4% straight line basis

Furniture, fittings and equipment

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Ash Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 85 (2022 - 72).

 

Ash Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2022

392,437

50,013

442,450

At 30 April 2023

392,437

50,013

442,450

Depreciation

At 1 May 2022

77,458

33,541

110,999

Charge for the year

7,496

4,117

11,613

At 30 April 2023

84,954

37,658

122,612

Carrying amount

At 30 April 2023

307,483

12,355

319,838

At 30 April 2022

314,979

16,472

331,451

5

Investment properties

2023
£

At 1 May 2022 and 30 April 2023

556,800

There has been no valuation of investment property by an independent valuer.

6

Debtors

2023
£

2022
£

Trade debtors

1,494

82,193

Prepayments

12,349

10,884

Other debtors

110,602

56,928

 

124,445

150,005

 

Ash Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

7

Creditors

2023
£

2022
£

Due within one year

Trade creditors

18,592

27,674

Other creditors

438,211

500,436

456,803

528,110

8

Going Concern

The accounts have been prepared on a going concern basis. Over the past few years, the company has been impacted by the Covid 19 pandemic. This year has seen a return to pre Covid trading levels and expect this to continue,