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REGISTERED NUMBER: 09621941 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Ashland New Homes Limited

Ashland New Homes Limited (Registered number: 09621941)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ashland New Homes Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S J Snooks
J E Snooks





SECRETARY: J E Snooks





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 09621941 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Ashland New Homes Limited (Registered number: 09621941)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,259 62,529
Investment property 5 425,400 -
474,659 62,529

CURRENT ASSETS
Stocks 531,503 326,011
Debtors 6 14,313 17,730
Cash at bank 4,236 321,373
550,052 665,114
CREDITORS
Amounts falling due within one year 7 954,760 643,995
NET CURRENT (LIABILITIES)/ASSETS (404,708 ) 21,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,951

83,648

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,851 83,548
SHAREHOLDERS' FUNDS 69,951 83,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Ashland New Homes Limited (Registered number: 09621941)

Balance Sheet - continued
31 October 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:




J E Snooks - Director



S J Snooks - Director


Ashland New Homes Limited (Registered number: 09621941)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Ashland New 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 represents the value of completed property sales and is recognised on the completion date of the property sale.

Turnover also includes property renovation services which are recognised in the period in which the services was provided,

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stock and work in progress
Stock and work in progress represents the cost of land, all relevant development costs and attributable overheads to date, valued at the lower of cost and net realisable value.

Cost represents the invoiced cost of materials and services.

Net realisable value is based upon the estimated selling price less further costs expected to be incurred to completion and disposal.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Ashland New Homes Limited (Registered number: 09621941)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 1,659 75,652 3,497 80,808
DEPRECIATION
At 1 November 2022 1,659 15,130 1,490 18,279
Charge for year - 12,104 1,166 13,270
At 31 October 2023 1,659 27,234 2,656 31,549
NET BOOK VALUE
At 31 October 2023 - 48,418 841 49,259
At 31 October 2022 - 60,522 2,007 62,529

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 425,400
At 31 October 2023 425,400
NET BOOK VALUE
At 31 October 2023 425,400

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 425,400

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 425,400 -
Aggregate depreciation (746 ) -

The investment property was valued on fair value basis basis on 31 October 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 322
Other debtors 7,771 14,862
Tax - 1,141
Prepayments 6,542 1,405
14,313 17,730

Ashland New Homes Limited (Registered number: 09621941)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6 6
Tax 241 4,188
Social security and other taxes 119 64
Directors' current accounts 927,469 592,237
Accrued expenses 26,925 47,500
954,760 643,995