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Company registration number: 08594251
Ashbee Developments Ltd
Unaudited filleted financial statements
31 March 2024
Ashbee Developments Ltd
Contents
Balance sheet
Notes to the financial statements
Ashbee Developments Ltd
Balance sheet
31 March 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 4 - 2,025
Cash at bank and in hand 48,252 60,504
_______ _______
48,252 62,529
Creditors: amounts falling due
within one year 5 ( 23,719) ( 23,039)
_______ _______
Net current assets 24,533 39,490
_______ _______
Total assets less current liabilities 24,533 39,490
Creditors: amounts falling due
after more than one year 6 ( 23,710) ( 23,282)
_______ _______
Net assets 823 16,208
_______ _______
Capital and reserves
Called up share capital 7 50 50
Capital redemption reserve 50 50
Profit and loss account 723 16,108
_______ _______
Shareholders funds 823 16,208
_______ _______
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 31 July 2024 , and are signed on behalf of the board by:
...................................................
Mr D.N. Ashbee
Director
Company registration number: 08594251
Ashbee Developments Ltd
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in the UK. The address of the registered office is Clifton House, Four Elms Road, Cardiff, CF24 1LE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
All of the company's financial instruments are considered to be basic in nature, and are generally recognised at transaction price, unless otherwise specified.
4. Debtors
2024 2023
£ £
Other debtors - 2,025
_______ _______
5. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 4,490 9,000
Accruals and deferred income 600 600
Director loan accounts 379 13,439
Other creditors 18,250 -
_______ _______
23,719 23,039
_______ _______
6. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 23,710 23,282
_______ _______
7. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 50 50 50 50
_______ _______ _______ _______