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REGISTERED NUMBER: 05255254 (England and Wales)











ASH CORPORATE FINANCE (ALTNAGELVIN) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ASH CORPORATE FINANCE (ALTNAGELVIN) LTD (REGISTERED NUMBER: 05255254)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


ASH CORPORATE FINANCE (ALTNAGELVIN) LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: L S Neilson
A G Doyle
N C S Robson
D J Winch





SECRETARY: A G Doyle





REGISTERED OFFICE: 1 Quay Point
Station Road
Woodbridge
Suffolk
IP12 4AL





REGISTERED NUMBER: 05255254 (England and Wales)





AUDITORS: Berringers LLP
Chartered Accountants
and Statutory Auditors
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

ASH CORPORATE FINANCE (ALTNAGELVIN) LTD (REGISTERED NUMBER: 05255254)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 1,359,962 1,379,888
Cash at bank and in hand 79,399 90,319
1,439,361 1,470,207
CREDITORS
Amounts falling due within one year 5 175,074 159,207
NET CURRENT ASSETS 1,264,287 1,311,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,264,287

1,311,000

CREDITORS
Amounts falling due after more than one
year

6

673,855

775,652
NET ASSETS 590,432 535,348

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 589,432 534,348
SHAREHOLDERS' FUNDS 590,432 535,348

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

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





D J Winch - Director


ASH CORPORATE FINANCE (ALTNAGELVIN) LTD (REGISTERED NUMBER: 05255254)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Ash Corporate Finance (Altnagelvin) Ltd 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.

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the
amounts reported for revenues and expenditures during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Management do not consider that there is a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation is not discounted and is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Going concern
The Directors have considered the current economic and financial situation against the Company's activities, income and expenditure and have concluded that the current risks to the Company are not significant and that no additional provisions need to be made. It is the Directors' opinion that the Company will be a going concern for the foreseeable future.

Debtors
Short term debtors are measures at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the
effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks. Bank overdrafts, when applicable are shown within borrowings in current liabilities.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 203,693 203,194

ASH CORPORATE FINANCE (ALTNAGELVIN) LTD (REGISTERED NUMBER: 05255254)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 1,156,269 1,176,694

Aggregate amounts 1,359,962 1,379,888

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 100,724 91,647
Taxation 35,362 26,161
Other creditors 38,988 41,399
175,074 159,207

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 7) 673,855 775,652

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 171,078 313,776

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 100,724 91,647

Amounts falling due between one and two years:
Bank loans - 1-2 years 109,968 101,118

Amounts falling due between two and five years:
Bank loans - 2-5 years 392,809 360,758

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 171,078 313,776

ASH CORPORATE FINANCE (ALTNAGELVIN) LTD (REGISTERED NUMBER: 05255254)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 774,579 867,299

The bank hold a debenture over all the assets of Ash Corporate Finance (Altnagelvin) Ltd.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Ricky Hutson BSc FCCA ACA (Senior Statutory Auditor)
for and on behalf of Berringers LLP

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £51,000 were paid to the directors .

Included in other debtors are amounts of £1,312,324 (2023-£1,332,251) owing by United Healthcare Land Co Ltd, £45,238 (2023-£45,238) by Land Property Holdings Ltd , and £2,400 (2023- £2,400) by Ash Corporate Finance (Suffolk) Ltd all of which are connected companies.

Included in other creditors is £14,990 (2023-£14,990) owing to The Land Group Investments Limited, a connected company.

Included in income is sub-debt interest invoiced to The United Healthcare Land Company Limited of £198,281 (2023-£200,712), this is a connected company.