Company registration number 13050767 (England and Wales)
AYSHLAND LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Pages For Filing With Registrar
Ayshland Ltd
AYSHLAND LTD
Contents
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
Ayshland Ltd
AYSHLAND LTD
Accountants' Report To The Board Of Directors On The Preparation Of The Unaudited Statutory Financial Statements Of Ayshland Ltd For The Year Ended 31 March 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ayshland Ltd for the year ended 31 March 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Ayshland Ltd, as a body, in accordance with the terms of our engagement letter dated 14 December 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Ayshland Ltd and state those matters that we have agreed to state to the board of directors of Ayshland Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ayshland Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Ayshland Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ayshland Ltd. You consider that Ayshland Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ayshland Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Chavereys Limited
23 October 2024
Chartered Accountants
The Goods Shed
Jubilee Way
Faversham
Kent
England
ME13 8GD
Ayshland Ltd
AYSHLAND LTD
Balance Sheet
As At 31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
200,000
128,000
Investments
4
65,467
30,730
265,467
158,730
Current assets
Debtors
5
100,804
-
0
Cash at bank and in hand
24,449
100
125,253
100
Creditors: amounts falling due within one year
6
(352,012)
(160,012)
Net current liabilities
(226,759)
(159,912)
Net assets/(liabilities)
38,708
(1,182)
Capital and reserves
Called up share capital
65,467
100
Profit and loss reserves
(26,759)
(1,282)
Total equity
38,708
(1,182)

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 October 2024 and are signed on its behalf by:
Mr JR W Wakeley
Director
Company registration number 13050767 (England and Wales)
Ayshland Ltd
AYSHLAND LTD
Notes To The Financial Statements
For The Year Ended 31 March 2024
- 3 -
1
Accounting policies
Company information

Ayshland Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Chavereys Limited, The Goods Shed, Jubilee Way, Faversham, Kent, England, ME13 8GD. The principal place of business is The Bowery, Forest Green, Walford, Ross-On-Wye, Herefordshire, England, HR9 5RF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Ayshland Ltd
AYSHLAND LTD
Notes To The Financial Statements (Continued)
For The Year Ended 31 March 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Investment property
2024
£
Fair value
At 1 April 2023
128,000
Additions
72,000
At 31 March 2024
200,000
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
65,467
-
0
Other investments other than loans
-
0
30,730
65,467
30,730
Ayshland Ltd
AYSHLAND LTD
Notes To The Financial Statements (Continued)
For The Year Ended 31 March 2024
4
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 April 2023
-
30,730
30,730
Additions
65,467
-
65,467
At 31 March 2024
65,467
30,730
96,197
Impairment
At 1 April 2023
-
-
-
Impaired/transferred
-
30,730
30,730
At 31 March 2024
-
30,730
30,730
Carrying amount
At 31 March 2024
65,467
-
65,467
At 31 March 2023
-
30,730
30,730
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
604
-
0
Prepayments and accrued income
100,200
-
0
100,804
-
0
6
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
908
-
0
Other creditors
348,604
156,907
Accruals and deferred income
2,500
3,105
352,012
160,012
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