2023-02-012024-01-312024-01-31false08843272Ashworth Property Management Ltd2024-10-30iso4217:GBPxbrli:pure088432722023-02-01088432722024-01-31088432722023-02-012024-01-31088432722022-02-01088432722023-01-31088432722022-02-012023-01-3108843272bus:SmallEntities2023-02-012024-01-3108843272bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3108843272bus:FullAccounts2023-02-012024-01-3108843272bus:PrivateLimitedCompanyLtd2023-02-012024-01-3108843272core:WithinOneYear2024-01-3108843272core:AfterOneYear2024-01-3108843272core:WithinOneYear2023-01-3108843272core:AfterOneYear2023-01-3108843272core:ShareCapital2024-01-3108843272core:SharePremium2024-01-3108843272core:RevaluationReserve2024-01-3108843272core:OtherReservesSubtotal2024-01-3108843272core:RetainedEarningsAccumulatedLosses2024-01-3108843272core:ShareCapital2023-01-3108843272core:SharePremium2023-01-3108843272core:RevaluationReserve2023-01-3108843272core:OtherReservesSubtotal2023-01-3108843272core:RetainedEarningsAccumulatedLosses2023-01-3108843272core:LandBuildings2024-01-3108843272core:PlantMachinery2024-01-3108843272core:Vehicles2024-01-3108843272core:FurnitureFittings2024-01-3108843272core:OfficeEquipment2024-01-3108843272core:NetGoodwill2024-01-3108843272core:IntangibleAssetsOtherThanGoodwill2024-01-3108843272core:ListedExchangeTraded2024-01-3108843272core:UnlistedNon-exchangeTraded2024-01-3108843272core:LandBuildings2023-01-3108843272core:PlantMachinery2023-01-3108843272core:Vehicles2023-01-3108843272core:FurnitureFittings2023-01-3108843272core:OfficeEquipment2023-01-3108843272core:NetGoodwill2023-01-3108843272core:IntangibleAssetsOtherThanGoodwill2023-01-3108843272core:ListedExchangeTraded2023-01-3108843272core:UnlistedNon-exchangeTraded2023-01-3108843272core:LandBuildings2023-02-012024-01-3108843272core:PlantMachinery2023-02-012024-01-3108843272core:Vehicles2023-02-012024-01-3108843272core:FurnitureFittings2023-02-012024-01-3108843272core:OfficeEquipment2023-02-012024-01-3108843272core:NetGoodwill2023-02-012024-01-3108843272core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3108843272core:ListedExchangeTraded2023-02-012024-01-3108843272core:UnlistedNon-exchangeTraded2023-02-012024-01-3108843272core:MoreThanFiveYears2023-02-012024-01-3108843272core:Non-currentFinancialInstruments2024-01-3108843272core:Non-currentFinancialInstruments2023-01-3108843272dpl:CostSales2023-02-012024-01-3108843272dpl:DistributionCosts2023-02-012024-01-3108843272core:LandBuildings2023-02-012024-01-3108843272core:PlantMachinery2023-02-012024-01-3108843272core:Vehicles2023-02-012024-01-3108843272core:FurnitureFittings2023-02-012024-01-3108843272core:OfficeEquipment2023-02-012024-01-3108843272dpl:AdministrativeExpenses2023-02-012024-01-3108843272core:NetGoodwill2023-02-012024-01-3108843272core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3108843272dpl:GroupUndertakings2023-02-012024-01-3108843272dpl:ParticipatingInterests2023-02-012024-01-3108843272dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3108843272core:ListedExchangeTraded2023-02-012024-01-3108843272dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3108843272core:UnlistedNon-exchangeTraded2023-02-012024-01-3108843272dpl:CostSales2022-02-012023-01-3108843272dpl:DistributionCosts2022-02-012023-01-3108843272core:LandBuildings2022-02-012023-01-3108843272core:PlantMachinery2022-02-012023-01-3108843272core:Vehicles2022-02-012023-01-3108843272core:FurnitureFittings2022-02-012023-01-3108843272core:OfficeEquipment2022-02-012023-01-3108843272dpl:AdministrativeExpenses2022-02-012023-01-3108843272core:NetGoodwill2022-02-012023-01-3108843272core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3108843272dpl:GroupUndertakings2022-02-012023-01-3108843272dpl:ParticipatingInterests2022-02-012023-01-3108843272dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3108843272core:ListedExchangeTraded2022-02-012023-01-3108843272dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3108843272core:UnlistedNon-exchangeTraded2022-02-012023-01-3108843272core:NetGoodwill2024-01-3108843272core:IntangibleAssetsOtherThanGoodwill2024-01-3108843272core:LandBuildings2024-01-3108843272core:PlantMachinery2024-01-3108843272core:Vehicles2024-01-3108843272core:FurnitureFittings2024-01-3108843272core:OfficeEquipment2024-01-3108843272core:AfterOneYear2024-01-3108843272core:WithinOneYear2024-01-3108843272core:ListedExchangeTraded2024-01-3108843272core:UnlistedNon-exchangeTraded2024-01-3108843272core:ShareCapital2024-01-3108843272core:SharePremium2024-01-3108843272core:RevaluationReserve2024-01-3108843272core:OtherReservesSubtotal2024-01-3108843272core:RetainedEarningsAccumulatedLosses2024-01-3108843272core:NetGoodwill2023-01-3108843272core:IntangibleAssetsOtherThanGoodwill2023-01-3108843272core:LandBuildings2023-01-3108843272core:PlantMachinery2023-01-3108843272core:Vehicles2023-01-3108843272core:FurnitureFittings2023-01-3108843272core:OfficeEquipment2023-01-3108843272core:AfterOneYear2023-01-3108843272core:WithinOneYear2023-01-3108843272core:ListedExchange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Ashworth Property Management Ltd

Registered Number
08843272
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

Ashworth Property Management Ltd
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

Mr J Gadar
Mrs R Gadar

Registered Address

10 Western Road
Romford
RM1 3JT

Registered Number

08843272 (England and Wales)
Ashworth Property Management Ltd
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets360,00851,316
Tangible assets42,1052,223
62,11353,539
Current assets
Debtors530,21116,166
Cash at bank and on hand340,809334,379
371,020350,545
Creditors amounts falling due within one year6(98,318)(92,006)
Net current assets (liabilities)272,702258,539
Total assets less current liabilities334,815312,078
Provisions for liabilities7(8,736)(4,541)
Net assets326,079307,537
Capital and reserves
Called up share capital200200
Profit and loss account325,879307,337
Shareholders' funds326,079307,537
The financial statements were approved and authorised for issue by the Board of Directors on 30 October 2024, and are signed on its behalf by:
Mr J Gadar
Director
Registered Company No. 08843272
Ashworth Property Management Ltd
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
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
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years. For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Finance leases and hire purchase contracts
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20242023
Average number of employees during the year56
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 February 2349,40038,99288,392
Additions-22,10822,108
At 31 January 2449,40061,100110,500
Amortisation and impairment
At 01 February 2319,76017,31637,076
Charge for year2,47010,94613,416
At 31 January 2422,23028,26250,492
Net book value
At 31 January 2427,17032,83860,008
At 31 January 2329,64021,67651,316
4.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 February 2314,00014,000
Additions583583
At 31 January 2414,58314,583
Depreciation and impairment
At 01 February 2311,77711,777
Charge for year701701
At 31 January 2412,47812,478
Net book value
At 31 January 242,1052,105
At 31 January 232,2232,223
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables25,59511,631
Other debtors1,6831,683
Prepayments and accrued income2,9332,852
Total30,21116,166
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables27,89632,156
Taxation and social security66,41156,881
Other creditors2,5421,542
Accrued liabilities and deferred income1,4691,427
Total98,31892,006
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)8,7364,541
Total8,7364,541
8.Directors advances, credits and guarantees
At the year end the company owed the director's £1,215 (2023 - £680) by way of their current account.