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REGISTERED NUMBER: 08120644 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

ASHBRIDGE PARTNERS LIMITED

ASHBRIDGE PARTNERS LIMITED (REGISTERED NUMBER: 08120644)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHBRIDGE PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: M Ashbridge
Mrs J Ashbridge





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 08120644 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

ASHBRIDGE PARTNERS LIMITED (REGISTERED NUMBER: 08120644)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188,096 203,682

CURRENT ASSETS
Stocks 165,964 -
Debtors 5 89,917 54,440
Cash at bank and in hand 74 59,326
255,955 113,766
CREDITORS
Amounts falling due within one year 6 327,056 173,454
NET CURRENT LIABILITIES (71,101 ) (59,688 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,995

143,994

CREDITORS
Amounts falling due after more than one
year

7

(98,220

)

(132,955

)

PROVISIONS FOR LIABILITIES 8 (4,161 ) (5,098 )
NET ASSETS 14,614 5,941

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 14,514 5,841
SHAREHOLDERS' FUNDS 14,614 5,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 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.

ASHBRIDGE PARTNERS LIMITED (REGISTERED NUMBER: 08120644)

BALANCE SHEET - continued
30TH JUNE 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th August 2024 and were signed on its behalf by:




M Ashbridge - Director



Mrs J Ashbridge - Director


ASHBRIDGE PARTNERS LIMITED (REGISTERED NUMBER: 08120644)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Ashbridge Partners 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance and Straight line over the life of the lease
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ASHBRIDGE PARTNERS LIMITED (REGISTERED NUMBER: 08120644)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st July 2023 140,065 82,855 58,428 281,348
Additions 18,254 1,758 - 20,012
Disposals - (1,350 ) - (1,350 )
At 30th June 2024 158,319 83,263 58,428 300,010
DEPRECIATION
At 1st July 2023 11,123 59,239 7,304 77,666
Charge for year 14,588 7,720 12,781 35,089
Eliminated on disposal - (841 ) - (841 )
At 30th June 2024 25,711 66,118 20,085 111,914
NET BOOK VALUE
At 30th June 2024 132,608 17,145 38,343 188,096
At 30th June 2023 128,942 23,616 51,124 203,682

Included within the net book value of £188,096 is £38,343 (2023 - £51,124) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the period in respect of such assets amounted to £12,781 (2023 - £7,304).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 66,100 25,953
Prepayments and accrued income 23,817 28,487
89,917 54,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 171,622 30,853
Hire purchase contracts 3,005 3,005
Trade creditors 32,272 46,398
Tax 40,441 9,816
Social security and other taxes 31,672 22,731
Directors' current accounts 22,919 303
Accruals and deferred income 25,125 60,348
327,056 173,454

ASHBRIDGE PARTNERS LIMITED (REGISTERED NUMBER: 08120644)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 31,292 30,853
Bank loans - 2-5 years 35,762 67,931
Hire purchase contracts 31,166 34,171
98,220 132,955

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,161 5,098

Deferred
tax
£   
Balance at 1st July 2023 5,098
Provided during year (937 )
Balance at 30th June 2024 4,161

9. RESERVES
Retained
earnings
£   

At 1st July 2023 5,841
Profit for the year 121,173
Dividends (112,500 )
At 30th June 2024 14,514

10. RELATED PARTY DISCLOSURES

At the balance sheet date the amount due to directors Mr & Mrs Ashbridge was £22,919 (2023: £303).

11. ULTIMATE CONTROLLING PARTY

The controlling party is M Ashbridge.