ASCARI HOLDINGS LIMITED

Company Registration Number:
SC154336 (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 HOLDINGS 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 HOLDINGS 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 directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 2023

Paul O'Neill
Nicola McGall
Simon Graham


Secretary NSM 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 HOLDINGS LIMITED

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Administrative expenses: ( 1,300 ) ( 1,800 )
Other operating income: 14,140 751,866
Operating profit(or loss): 12,840 750,066
Interest payable and similar charges: ( 5 )
Profit(or loss) before tax: 12,840 750,061
Profit(or loss) for the financial year: 12,840 750,061

ASCARI HOLDINGS LIMITED

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Investments: 3 165 165
Total fixed assets: 165 165
Current assets
Debtors: 4 787,371 773,207
Cash at bank and in hand: 1
Total current assets: 787,372 773,207
Creditors: amounts falling due within one year: 5 ( 27,096 ) ( 25,771 )
Net current assets (liabilities): 760,276 747,436
Total assets less current liabilities: 760,441 747,601
Total net assets (liabilities): 760,441 747,601
Capital and reserves
Called up share capital: 1 1
Other reserves: 760,440 747,600
Total Shareholders' funds: 760,441 747,601

The notes form part of these financial statements

ASCARI HOLDINGS 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 HOLDINGS 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

ASCARI HOLDINGS 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 HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Fixed assets investments note

Ascari Cars Limited - 100%Avanteq Limited - 48.51%

ASCARI HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Other debtors 787,371 773,207
Total 787,371 773,207

ASCARI HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 1,300
Other creditors 25,796 25,771
Total 27,096 25,771