Ashfellside Limited 13208152 false 2023-03-01 2024-02-28 2024-02-28 The principal activity of the company is Activities of other holding companies not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true true 13208152 2023-03-01 2024-02-28 13208152 2024-02-28 13208152 core:RetainedEarningsAccumulatedLosses 2024-02-28 13208152 core:ShareCapital 2024-02-28 13208152 core:CurrentFinancialInstruments 2024-02-28 13208152 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 13208152 bus:SmallEntities 2023-03-01 2024-02-28 13208152 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 13208152 bus:FilletedAccounts 2023-03-01 2024-02-28 13208152 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13208152 bus:RegisteredOffice 2023-03-01 2024-02-28 13208152 bus:Director1 2023-03-01 2024-02-28 13208152 bus:Director2 2023-03-01 2024-02-28 13208152 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13208152 countries:EnglandWales 2023-03-01 2024-02-28 13208152 core:CostValuation 2023-02-28 13208152 2022-03-01 2023-02-28 13208152 2023-02-28 13208152 core:RetainedEarningsAccumulatedLosses 2023-02-28 13208152 core:ShareCapital 2023-02-28 13208152 core:CurrentFinancialInstruments 2023-02-28 13208152 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 13208152

Ashfellside Limited

Unaudited Filleted Financial Statements

for the Period from 1 March 2023 to 28 February 2024

 

Ashfellside Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Ashfellside Limited

Company Information

Directors

Dr T T Jervis

Mrs C E M Jervis

Registered office

c/o RJS Solicitors
G4-G5 Bellringer Road
Trentham Business Quarter
Stoke On Trent
Staffordshire
ST4 8GB

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Ashfellside Limited

(Registration number: 13208152)
Balance Sheet as at 28 February 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

5,688,300

5,688,300

Other financial assets

-

1,001,615

 

5,688,300

6,689,915

Current assets

 

Debtors

5

7,404

12,229

Investments

6

1,021,183

-

Cash at bank and in hand

 

20,061

89

 

1,048,648

12,318

Creditors: Amounts falling due within one year

7

(247,809)

(244,263)

Net current assets/(liabilities)

 

800,839

(231,945)

Net assets

 

6,489,139

6,457,970

Capital and reserves

 

Called up share capital

100

100

Retained earnings

6,489,039

6,457,870

Shareholders' funds

 

6,489,139

6,457,970

For the financial period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 September 2024 and signed on its behalf by:
 

.........................................
Dr T T Jervis
Director

   
     
 

Ashfellside Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o RJS Solicitors
G4-G5 Bellringer Road
Trentham Business Quarter
Stoke On Trent
Staffordshire
ST4 8GB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Ashfellside Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

Ashfellside Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

4

Investments

2024
£

2023
£

Investments in associates

5,688,300

5,688,300

Associates

£

Cost

At 1 March 2023

5,688,300

Provision

Carrying amount

At 28 February 2024

5,688,300

At 28 February 2023

5,688,300

5

Debtors

Current

2024
£

2023
£

Accrued Income

7,404

12,229

6

Current asset investments

2024
£

2023
£

Short-term deposits

1,021,183

-

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

588

818

Amounts owed to related parties

241,729

240,780

Other creditors

5,492

2,665

247,809

244,263