Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-310false2023-01-01The principal activity of the Company during the period was that of a property investment company.0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14049064 2023-01-01 2023-12-31 14049064 2022-04-14 2022-12-31 14049064 2023-12-31 14049064 2022-12-31 14049064 c:Director1 2023-01-01 2023-12-31 14049064 d:LeaseholdInvestmentProperty 2023-12-31 14049064 d:LeaseholdInvestmentProperty 2022-12-31 14049064 d:CurrentFinancialInstruments 2023-12-31 14049064 d:CurrentFinancialInstruments 2022-12-31 14049064 d:Non-currentFinancialInstruments 2023-12-31 14049064 d:Non-currentFinancialInstruments 2022-12-31 14049064 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14049064 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 14049064 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14049064 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 14049064 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 14049064 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 14049064 d:ShareCapital 2023-12-31 14049064 d:ShareCapital 2022-12-31 14049064 d:RetainedEarningsAccumulatedLosses 2023-12-31 14049064 d:RetainedEarningsAccumulatedLosses 2022-12-31 14049064 c:OrdinaryShareClass1 2023-01-01 2023-12-31 14049064 c:OrdinaryShareClass1 2023-12-31 14049064 c:OrdinaryShareClass1 2022-12-31 14049064 c:FRS102 2023-01-01 2023-12-31 14049064 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 14049064 c:FullAccounts 2023-01-01 2023-12-31 14049064 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 14049064 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14049064









ASHCROFTBTL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ASHCROFTBTL LIMITED
REGISTERED NUMBER: 14049064

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Investment property
 4 
394,370
394,370

  
394,370
394,370

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
2,408
2,019

Cash at bank and in hand
  
2,301
3,097

  
4,709
5,116

Creditors: amounts falling due within one year
 6 
(116,909)
(114,208)

NET CURRENT LIABILITIES
  
 
 
(112,200)
 
 
(109,092)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
282,170
285,278

Creditors: amounts falling due after more than one year
 7 
(283,279)
(283,279)

NET (LIABILITIES)/ASSETS
  
(1,109)
1,999


CAPITAL AND RESERVES
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(1,110)
1,998

  
(1,109)
1,999


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
Page 1

 
ASHCROFTBTL LIMITED
REGISTERED NUMBER: 14049064
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






D Galati
Director

Date: 31 July 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ASHCROFTBTL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

AshcroftBTL Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Company had net liabilities of £1,109 (2023 - net assets £1,999) as at 31 December 2023. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from the director to provide sufficient funds to enable it to meet its liabilities as they fall due.

  
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax and relates to rental income received from the property owned by the Company and is recognised on an accrual basis commencing on the date of the tenancy agreement.

 
2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
ASHCROFTBTL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES




The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 4

 
ASHCROFTBTL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


INVESTMENT PROPERTY


Long term leasehold investment property

£



VALUATION


At 1 January 2023
394,370



AT 31 DECEMBER 2023
394,370

The 2023 valuations were made by the director based on professional advice received, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
394,370
394,370


5.


DEBTORS

2023
2022
£
£

Other debtors
469
-

Prepayments and accrued income
1,939
2,019



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Corporation tax
-
469

Other creditors
113,069
109,899

Accruals and deferred income
3,840
3,840

116,909
114,208


Page 5

 
ASHCROFTBTL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
283,279
283,279



8.


LOANS


Analysis of the maturity of loans is given below:


2023
2022
£
£

AMOUNTS FALLING DUE AFTER MORE THAN 5 YEARS

Bank loans
283,279
283,279


Bank loans are secured by a fixed charge over the investment property owned by the Company. The loan was drawn down in November 2022. Monthly repayments are on an interest only basis at a fixed rated of 3.98% for the first 60 months. The loan is due for repayment in November 2047.


9.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2022 - 1) Ordinary share of £1.00
1
1


 
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