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REGISTERED NUMBER: 04154796 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 June 2024

for

Ascon Holdings Limited

Ascon Holdings Limited (Registered number: 04154796)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ascon Holdings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S J Carter





SECRETARY: Mrs T A Carter





REGISTERED OFFICE: Hope Street
Dudley
West Midlands
DY2 8RS





REGISTERED NUMBER: 04154796 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Chartered Accountants
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Ascon Holdings Limited (Registered number: 04154796)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - -
Investment property 5 68,766 68,766
68,766 68,766

CURRENT ASSETS
Debtors 6 120,491 110,991
Cash at bank 84,701 98,579
205,192 209,570
CREDITORS
Amounts falling due within one year 7 47,831 51,316
NET CURRENT ASSETS 157,361 158,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,127

227,020

CREDITORS
Amounts falling due after more than one
year

8

2,999

5,661
NET ASSETS 223,128 221,359

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 223,028 221,259
SHAREHOLDERS' FUNDS 223,128 221,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 19 August 2024 and were signed by:




S J Carter - Director


Ascon Holdings Limited (Registered number: 04154796)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ascon Holdings 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 368,750
PROVISIONS
At 1 July 2023
and 30 June 2024 368,750
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Ascon Holdings Limited (Registered number: 04154796)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 68,766
NET BOOK VALUE
At 30 June 2024 68,766
At 30 June 2023 68,766

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 120,491 110,991

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,426 2,426
Tax 11,374 8,017
Other creditors 33,681 40,523
Accrued expenses 350 350
47,831 51,316

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 2,999 5,661

9. RESERVES
Retained
earnings
£   

At 1 July 2023 221,259
Profit for the year 38,769
Dividends (37,000 )
At 30 June 2024 223,028

10. RELATED PARTY DISCLOSURES

At the year end the balance owed to the director was £33,681 (2023: £40,523).