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REGISTERED NUMBER: 03146261 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ASHCOURT PROPERTIES LIMITED

ASHCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 03146261)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASHCOURT PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: R J N Bousfield
D M Boak
K J Bousfield
A J K Bousfield





SECRETARY: R J N Bousfield





REGISTERED OFFICE: Ashcourt Group
Foster Street
Hull
East Yorkshire
HU8 8BT





REGISTERED NUMBER: 03146261 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

ASHCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 03146261)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,552,521 1,554,842
Investments 5 3,276,851 3,682,926
4,829,372 5,237,768

CURRENT ASSETS
Inventories 95,017 56,240
Debtors 6 14,324,625 14,018,021
Cash at bank 2,689 1,947
14,422,331 14,076,208
CREDITORS
Amounts falling due within one year 7 4,405,795 3,776,169
NET CURRENT ASSETS 10,016,536 10,300,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,845,908

15,537,807

CREDITORS
Amounts falling due after more than one
year

8

16,667

309,333
NET ASSETS 14,829,241 15,228,474

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 14,829,141 15,228,374
SHAREHOLDERS' FUNDS 14,829,241 15,228,474

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.

ASHCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 03146261)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





K J Bousfield - Director


ASHCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 03146261)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Ashcourt Properties 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Revenue represents rental income received in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 0% (see below)
Motor vehicles - 25% on reducing balance

It is the opinion of the directors that the net realisable value of freehold properties is significantly in excess of their net book value.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ASHCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 03146261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investments
Investments are recorded at acquisition cost, with provisions made as necessary to reduce the carrying amount to the recoverable value where necessary.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 1,545,557 72,081 1,617,638
DEPRECIATION
At 1 November 2022 - 62,796 62,796
Charge for year - 2,321 2,321
At 31 October 2023 - 65,117 65,117
NET BOOK VALUE
At 31 October 2023 1,545,557 6,964 1,552,521
At 31 October 2022 1,545,557 9,285 1,554,842

5. FIXED ASSET INVESTMENTS

31.10.23 31.10.22
£    £   
Loans to group undertakings 3,026,196 3,432,271
Participating interests 250,655 250,655
3,276,851 3,682,926

ASHCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 03146261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Interest Interest
in in other
subsidiary participating
undertakings interests Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 655 250,000 250,655
NET BOOK VALUE
At 31 October 2023 655 250,000 250,655
At 31 October 2022 655 250,000 250,655
Loans to
group
undertakings
£   
At 1 November 2022 3,432,271
Repayment in year (184,656 )
Loan write off (221,419 )
At 31 October 2023 3,026,196

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Amounts owed by group undertakings 12,878,553 12,745,032
Amounts owed by associated companies 836,072 1,261,436
Other debtors 610,000 11,553
14,324,625 14,018,021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 9,224 4,543
Amounts owed to group undertakings 2,049,046 1,567,071
Amounts owed to associates 2,121,854 1,924,208
Taxation and social security 5,510 842
Other creditors 210,161 269,505
4,405,795 3,776,169

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 16,667 309,333

ASHCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 03146261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans - 283,500

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100