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REGISTERED NUMBER: 13731094 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ASHTEAD UK ESTATES LIMITED

ASHTEAD UK ESTATES LIMITED (REGISTERED NUMBER: 13731094)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ASHTEAD UK ESTATES LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTOR: Mr A Grosz





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 13731094 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

ASHTEAD UK ESTATES LIMITED (REGISTERED NUMBER: 13731094)

ABRIDGED BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 600,000 591,528

CURRENT ASSETS
Debtors 5,683 13,626
Cash at bank and in hand 10,447 100
16,130 13,726
CREDITORS
Amounts falling due within one year 264,414 645,843
NET CURRENT LIABILITIES (248,284 ) (632,117 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,716

(40,589

)

CREDITORS
Amounts falling due after more than one year 5 (427,714 ) -

PROVISIONS FOR LIABILITIES (2,118 ) -
NET LIABILITIES (78,116 ) (40,589 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6,354 -
Retained earnings (84,570 ) (40,689 )
SHAREHOLDERS' FUNDS (78,116 ) (40,589 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ASHTEAD UK ESTATES LIMITED (REGISTERED NUMBER: 13731094)

ABRIDGED BALANCE SHEET - continued
30 November 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2024 and were signed by:





Mr A Grosz - Director


ASHTEAD UK ESTATES LIMITED (REGISTERED NUMBER: 13731094)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Ashtead UK Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the major loan creditor.

Turnover
Turnover represents property sales and net invoiced rents and commission receivable, excluding value added tax.

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

ASHTEAD UK ESTATES LIMITED (REGISTERED NUMBER: 13731094)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 591,528
Revaluations 8,472
At 30 November 2023 600,000
NET BOOK VALUE
At 30 November 2023 600,000
At 30 November 2022 591,528

The investment property was valued on an open market basis on 30 November 2023 by the director.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans 427,714 -

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 427,714 385,000

The bank loan is secured over the property held by the company.

ASHTEAD UK ESTATES LIMITED (REGISTERED NUMBER: 13731094)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £55,527 (2022: £257,559) to a company in which the director of this company is also a director.

At the balance sheet date, the company owed £24,011 (2022: £nil) to the director.