Registered number
09044051
Ashley House Retail Limited
Unaudited Filleted Accounts
30 November 2023
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.
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