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Registration number: 12972918

Ascot Storage Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Ascot Storage Limited

Contents
for the Year Ended 31 October 2023

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Ascot Storage Limited

Company Information
for the Year Ended 31 October 2023

Director

W Doyle

Registered office

St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

Registered number

12972918 ( England and Wales )

Accountants

Windsor Accountancy Limited
Chartered Certified Accountants
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

Ascot Storage Limited

(Registration number: 12972918)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

110,000

110,000

Current assets

 

Cash at bank and in hand

 

184

-

Creditors: Amounts falling due within one year

5

(110,870)

(109,900)

Net current liabilities

 

(110,686)

(109,900)

Net (liabilities)/assets

 

(686)

100

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(786)

-

Shareholders' (deficit)/funds

 

(686)

100

For the financial year ending 31 October 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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 July 2024
 

.........................................
W Doyle
Director

 

Ascot Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

These financial statements were authorised for issue by the director on 25 July 2024.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on the going concern basis on the understanding that the director will continue to financially support the company for the foreseeable future.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Ascot Storage Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 November 2022

110,000

110,000

At 31 October 2023

110,000

110,000

Depreciation

Carrying amount

At 31 October 2023

110,000

110,000

At 31 October 2022

110,000

110,000

Included within the net book value of land and buildings above is £110,000 (2022 - £110,000) in respect of freehold land and buildings.
 

 

Ascot Storage Limited

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

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to related parties

6

250

-

Accruals and deferred income

 

720

-

Other creditors

 

109,900

109,900

 

110,870

109,900

6

Related party transactions

Transactions with the director

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

At 31 October 2023
£

Advances and credits

-

100

(110,000)

(109,900)

 

2022

At 1 November 2021
£

At 31 October 2022
£

Advances and credits

(109,900)

(109,900)

 

Other transactions with the director

The balance due to the director at the year end date was free of interest and deemed repayable on demand.