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REGISTERED NUMBER: 01772256 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ASTON CHASE LIMITED

ASTON CHASE LIMITED (REGISTERED NUMBER: 01772256)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASTON CHASE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr R B Bernstone
Mr M Pollack
Mr M C B Sulkin





SECRETARY: Mr R B Bernstone





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 01772256 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

ASTON CHASE LIMITED (REGISTERED NUMBER: 01772256)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 226,553 263,197

CURRENT ASSETS
Debtors 5 781,435 1,278,385
Cash at bank and in hand 1,769,826 1,756,415
2,551,261 3,034,800
CREDITORS
Amounts falling due within one year 6 (619,906 ) (771,365 )
NET CURRENT ASSETS 1,931,355 2,263,435
TOTAL ASSETS LESS CURRENT LIABILITIES 2,157,908 2,526,632

CREDITORS
Amounts falling due after more than one
year

7

(66,667

)

(116,667

)

PROVISIONS FOR LIABILITIES (31,074 ) (27,723 )
NET ASSETS 2,060,167 2,382,242

CAPITAL AND RESERVES
Called up share capital 11 9,500 9,500
Capital redemption reserve 500 500
Retained earnings 2,050,167 2,372,242
SHAREHOLDERS' FUNDS 2,060,167 2,382,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ASTON CHASE LIMITED (REGISTERED NUMBER: 01772256)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:




Mr R B Bernstone - Director



Mr M Pollack - Director


ASTON CHASE LIMITED (REGISTERED NUMBER: 01772256)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Aston Chase Limited 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.

Turnover
The turnover represents net invoiced sales of services, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - evenly over the period of the lease
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

ASTON CHASE LIMITED (REGISTERED NUMBER: 01772256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 112,089 341,142 8,328 200,128 661,687
Additions 4,776 - 11,002 8,302 24,080
Disposals - - (8,328 ) - (8,328 )
At 31 March 2024 116,865 341,142 11,002 208,430 677,439
DEPRECIATION
At 1 April 2023 - 216,268 3,644 178,578 398,490
Charge for year 14,608 31,219 2,750 7,463 56,040
Eliminated on disposal - - (3,644 ) - (3,644 )
At 31 March 2024 14,608 247,487 2,750 186,041 450,886
NET BOOK VALUE
At 31 March 2024 102,257 93,655 8,252 22,389 226,553
At 31 March 2023 112,089 124,874 4,684 21,550 263,197

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 87,583 733,115
Other debtors 693,852 545,270
781,435 1,278,385

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 50,000 50,000
Trade creditors 74,616 95,254
Taxation and social security 373,171 507,351
Other creditors 122,119 118,760
619,906 771,365

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 66,667 116,667

ASTON CHASE LIMITED (REGISTERED NUMBER: 01772256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 50,000 50,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 50,000 50,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 16,667 66,667

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 90,565 90,565
Between one and five years 329,200 329,200
In more than five years 230,370 320,935
650,135 740,700

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 116,667 166,667

The bank loan is secured by a fixed and floating charge over the fixed assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
3,750 Ordinary-A £1 3,750 3,750
3,750 Ordinary-B £1 3,750 3,750
750 Ordinary-C £1 750 750
1,250 Ordinary-E £1 1,250 1,250
9,500 9,500

ASTON CHASE LIMITED (REGISTERED NUMBER: 01772256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. CALLED UP SHARE CAPITAL - continued

Each class of shares rank pari passu in all respects save that the holders of each class of shares are entitled to separate dividends in respect of that class.

12. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of it's employees. Amounts charged to the profit and loss account were £35,495 for the year (2023:£29,430). There were outstanding employer contributions of £3,274 (2023: £2,432) at the balance sheet date.

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr M Pollack and Mr R B Bernstone
Balance outstanding at start of year 434,310 217,155
Amounts advanced - 217,155
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 434,310 434,310

The loan will be repaid within 9 months after the balance sheet date.