Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseNo description of principal activityfalse22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10456874 2022-12-01 2023-11-30 10456874 2021-12-01 2022-11-30 10456874 2023-11-30 10456874 2022-11-30 10456874 c:Director2 2022-12-01 2023-11-30 10456874 d:CurrentFinancialInstruments 2023-11-30 10456874 d:CurrentFinancialInstruments 2022-11-30 10456874 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 10456874 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 10456874 d:ShareCapital 2023-11-30 10456874 d:ShareCapital 2022-11-30 10456874 d:RetainedEarningsAccumulatedLosses 2023-11-30 10456874 d:RetainedEarningsAccumulatedLosses 2022-11-30 10456874 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 10456874 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 10456874 c:FRS102 2022-12-01 2023-11-30 10456874 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10456874 c:FullAccounts 2022-12-01 2023-11-30 10456874 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10456874 2 2022-12-01 2023-11-30 10456874 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 10456874









ASHRIDGE ASSETS LIMITED







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
ASHRIDGE ASSETS LIMITED
REGISTERED NUMBER:10456874

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
5,653,232
5,243,596

  
5,653,232
5,243,596

Current assets
  

Debtors: amounts falling due within one year
 5 
17,044
2,901

Bank and cash balances
  
101,394
156,179

  
118,438
159,080

Creditors: amounts falling due within one year
 6 
(4,898,707)
(4,875,074)

Net current liabilities
  
 
 
(4,780,269)
 
 
(4,715,994)

Total assets less current liabilities
  
872,963
527,602

Provisions for liabilities
  

Deferred tax
 7 
(9,301)
-

  
 
 
(9,301)
 
 
-

Net assets
  
863,662
527,602


Capital and reserves
  

Called up share capital 
  
3,100
3,100

Profit and loss account
  
860,562
524,502

  
863,662
527,602


Page 1

 
ASHRIDGE ASSETS LIMITED
REGISTERED NUMBER:10456874
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 August 2024.




S K Ffitch
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ASHRIDGE ASSETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Ashridge Assets Limited is a limited company, domiciled and incorporated in England and Wales (registered number: 10456874). The registered office address is Highfield House, Hog Lane, Ashley Green, Buckinghamshire, HP5 3PX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis.
The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and has concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
ASHRIDGE ASSETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument. 
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
ASHRIDGE ASSETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

Dividends

Equity dividends are recongnised when they become legally payable. Interim equity dividends are recongnised when paid. Final equity dividends are recongnised when approved by the shareholders at an anual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 -2).


4.


Fixed asset investments





Listed investments

£



Valuation


At 1 December 2022
5,243,596


Additions
2,367,901


Disposals
(2,177,924)


Revaluations
219,659



At 30 November 2023
5,653,232





5.


Debtors

2023
2022
£
£


Financial instruments
-
2,901

Accrued income
17,044
-

17,044
2,901


Page 5

 
ASHRIDGE ASSETS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
17,708
-

Accruals and deferred income
5,985
4,980

Other creditors
4,875,014
4,870,094

4,898,707
4,875,074


There is a fixed charge held over the company's assets by Bank Julius Baer & Co Ltd, Guernsey Branch, as per the terms on the Certificate of Registration, dated 28 November 2016 and delivered on 30 November 2016. At the year end, this charge remains outstanding.


7.


Deferred taxation




2023


£






Charged to profit or loss
9,301



At end of year
9,301

The deferred taxation balance is made up as follows:

2023
2022
£
£


Capital gains
9,301
-


8.


Related party transactions

At the year end, the Company owed the directors £4,875,014 (2022 - £4,870,094). This loan is unsecured, interest free and repayable on demand.


9.


Controlling party

The directors do not consider there to be an ultimate controlling party.

 
Page 6