ASCARI CARS LIMITED

Company Registration Number:
SC154796 (Scotland)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

ASCARI CARS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ASCARI CARS LIMITED

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal activities of the company

Investment Holding Company



Directors

The director shown below has held office during the whole of the period from
1 December 2022 to 30 November 2023

Paul O'Neill


The director shown below has held office during the period of
1 December 2022 to 30 December 2022

Stuart Wilson


The directors shown below have held office during the period of
16 January 2023 to 30 November 2023

Simon Graham
Nicola McGall


Secretary NS Services Limited

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
8 August 2024

And signed on behalf of the board by:
Name: Paul O'Neill
Status: Director

ASCARI CARS LIMITED

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 0 25,004
Cost of sales: 0 0
Gross profit(or loss): 0 25,004
Distribution costs: 0 0
Administrative expenses: 0 0
Operating profit(or loss): 0 25,004
Interest receivable and similar income: 25 767
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 25 25,771
Tax: 0 0
Profit(or loss) for the financial year: 25 25,771

ASCARI CARS LIMITED

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Investments: 3 1 1
Total fixed assets: 1 1
Current assets
Debtors: 4 25,796 25,771
Total current assets: 25,796 25,771
Creditors: amounts falling due within one year: 5 ( 9,810,355 ) ( 9,810,355 )
Net current assets (liabilities): (9,784,559) (9,784,584)
Total assets less current liabilities: (9,784,558) ( 9,784,583)
Creditors: amounts falling due after more than one year: 6 ( 19,125,880 ) ( 19,125,880 )
Total net assets (liabilities): (28,910,438) (28,910,463)
Capital and reserves
Called up share capital: 100 100
Other reserves: (28,910,538) (28,910,563 )
Total Shareholders' funds: ( 28,910,438 ) (28,910,463)

The notes form part of these financial statements

ASCARI CARS LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 8 August 2024
and signed on behalf of the board by:

Name: Paul O'Neill
Status: Director

The notes form part of these financial statements

ASCARI CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Intangible fixed assets amortisation policy

    Plant and machinery 10% annually on cost.

ASCARI CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

ASCARI CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Fixed assets investments note

No fixed Assets

ASCARI CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Other debtors 25,796 25,771
Total 25,796 25,771

ASCARI CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 9,810,355 9,810,355
Total 9,810,355 9,810,355

ASCARI CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 19,125,880 19,125,880
Total 19,125,880 19,125,880