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Registered number: 06746558










ASHMERE DEVELOPMENTS (NOTTINGHAMSHIRE) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
ASHMERE DEVELOPMENTS (NOTTINGHAMSHIRE) LIMITED
REGISTERED NUMBER: 06746558

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
350,000
350,000

Current assets
  

Cash at bank and in hand
 5 
-
21

Creditors: amounts falling due within one year
 6 
(448)
(448)

Net current liabilities
  
 
 
(448)
 
 
(427)

Total assets less current liabilities
  
349,552
349,573

Creditors: amounts falling due after more than one year
 7 
(327,155)
(326,805)

Net assets
  
22,397
22,768


Capital and reserves
  

Called up share capital 
 8 
2
2

Investment property reserve
 9 
29,035
29,035

Profit and loss account
 9 
(6,640)
(6,269)

  
22,397
22,768


The directors consider 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 directors acknowledge their 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.

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 statement of comprehensive income 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 on 8 August 2024.




Ms Claire Sharpe
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
ASHMERE DEVELOPMENTS (NOTTINGHAMSHIRE) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2023


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 December 2021
2
29,035
(5,919)
23,118


Comprehensive income for the year

Loss for the year
-
-
(350)
(350)
Total comprehensive income for the year
-
-
(350)
(350)



At 1 December 2022
2
29,035
(6,269)
22,768


Comprehensive income for the year

Loss for the year
-
-
(371)
(371)
Total comprehensive income for the year
-
-
(371)
(371)


At 30 November 2023
2
29,035
(6,640)
22,397


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ASHMERE DEVELOPMENTS (NOTTINGHAMSHIRE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Ashmere Developments (Nottinghamshire) Limited is a private company limited by shares and
incorporated in England. The registered office is Priestsic Road, Sutton-In-Ashfield, Nottinghamshire,
NG17 2AH. The Company registration number is 06746558.

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 Company's functional and presentational currency is GBP.
The Company has prepared it's financial statement to the nearest £. 

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

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.

 
2.4

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 average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 
ASHMERE DEVELOPMENTS (NOTTINGHAMSHIRE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 December 2022
350,000



At 30 November 2023
350,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.

2023
2022
£
£

Revaluation reserves


At 1 December 2022
29,035
29,035

At 30 November 2023
29,035
29,035



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
320,695
320,695


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
21



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
98
98

Accruals and deferred income
350
350

448
448


Page 4

 
ASHMERE DEVELOPMENTS (NOTTINGHAMSHIRE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
327,155
326,805



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



9.


Reserves

Investment property revaluation reserve

Included all fair value movements on held investment property and is not distributable. 

Profit and loss account

Includes all distributable current and prior period retained profits and losses


10.


Related party transactions

Within other creditors is £327,155 (2022: £326,805) owed to connected companies. £327,155 owed is
repayable after 1 year.
Within other creditors is £98 (2022: £98) owed to a director.
The amount owed to connected companies and directors are interest free.


11.


Controlling party

There is no one controlling party of the Company.


Page 5