Ashley House Retail Limited |
Registered number: |
09044051 |
Balance Sheet |
as at 30 November 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
4,849 |
|
|
2,313 |
|
Current assets |
Stocks |
|
|
5,000 |
|
|
5,000 |
Debtors |
4 |
|
236,821 |
|
|
186,209 |
Cash at bank and in hand |
|
|
- |
|
|
33,590 |
|
|
|
241,821 |
|
|
224,799 |
|
Creditors: amounts falling due within one year |
5 |
|
(248,743) |
|
|
(215,659) |
|
Net current (liabilities)/assets |
|
|
|
(6,922) |
|
|
9,140 |
|
Total assets less current liabilities |
|
|
|
(2,073) |
|
|
11,453 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(3,385) |
|
|
(5,415) |
|
|
|
Net (liabilities)/assets |
|
|
|
(5,458) |
|
|
6,038 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
200 |
|
|
200 |
Share premium |
|
|
|
149,916 |
|
|
149,916 |
Profit and loss account |
|
|
|
(155,574) |
|
|
(144,078) |
|
Shareholders' funds |
|
|
|
(5,458) |
|
|
6,038 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
A Tratalos |
Director |
Approved by the board on 24 August 2024 |
|
Ashley House Retail Limited |
Notes to the Accounts |
for the year ended 30 November 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared a) under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), and b) upon a going concern basis which assumes that on-going funding from related parties will enable the company to continue trading for the foreseeable future. |
|
|
Turnover |
|
Turnover arises from the sale of goods and is a) measured at the fair value of the consideration received or receivable, net of discounts and value added taxes, and b) recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulated depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
|
Leasehold improvements |
Over lifetime of lease |
|
Plant and machinery |
25% on reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Leasing charges |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases and this is the categorisation which applies to the leases to which the copany is a party. Operating lease charges are recognised as an expense on a straight line basis over the lease term. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 December 2022 |
- |
|
6,878 |
|
6,878 |
|
Additions |
3,469 |
|
- |
|
3,469 |
|
At 30 November 2023 |
3,469 |
|
6,878 |
|
10,347 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2022 |
- |
|
4,565 |
|
4,565 |
|
Charge for the year |
354 |
|
579 |
|
933 |
|
At 30 November 2023 |
354 |
|
5,144 |
|
5,498 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2023 |
3,115 |
|
1,734 |
|
4,849 |
|
At 30 November 2022 |
- |
|
2,313 |
|
2,313 |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
2,544 |
|
- |
|
Other debtors |
234,277 |
|
186,209 |
|
|
|
|
|
|
236,821 |
|
186,209 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans and overdrafts |
9,503 |
|
1,951 |
|
Trade creditors |
2,359 |
|
5,999 |
|
Amounts owed to related parties |
|
|
|
|
228,677 |
|
202,559 |
|
Other creditors |
8,204 |
|
5,150 |
|
|
|
|
|
|
248,743 |
|
215,659 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans |
3,385 |
|
5,415 |
|
|
|
|
|
|
|
|
|
|
7 |
Other financial commitments |
2023 |
|
2022 |
£ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
200,000 |
|
20,000 |
|
|
|
|
|
|
|
|
|
|
8 |
Related party transactions |
|
|
Balances as at the balance sheet date included: d) Moneys owed (creditor) to shareholders amounting to £42,760 (2022 - £57,760), a) Moneys owed (creditor) to a company which is under common control and amounting to £185,916 (2022 - £144,799), but said creditor being offset in full by item c) below, c) Allowance for expenditure incurred on behalf of above-noted company (debtor), said allowance amounting to £226,232 (2022 - £177,439) before offset. No interest or other terms apply to these balances or transactions. |
|
|
9 |
Other information |
|
|
Ashley House Retail Limited is a private company limited by shares and incorporated in England. Its registered office is situated at The Old Smithy, Mobberley Road, Ashley, Cheshire, WA15 0QW. The company is under the control of the directors acting jointly. |