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Company Registration No. 13263954 (England and Wales)
Ashley Rose Properties Limited Unaudited accounts for the year ended 31 March 2024
Ashley Rose Properties Limited Unaudited accounts Contents
Page
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Ashley Rose Properties Limited Company Information for the year ended 31 March 2024
Director
Mrs J.A. Banfield
Company Number
13263954 (England and Wales)
Registered Office
Midlands St. Georges Road Weybridge Surrey KT13 0EP England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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Ashley Rose Properties Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,154 
269 
Investment property
522,432 
550,000 
523,586 
550,269 
Current assets
Debtors
5,340 
8 
Cash at bank and in hand
4,007 
3,225 
9,347 
3,233 
Creditors: amounts falling due within one year
(517,938)
(529,405)
Net current liabilities
(508,591)
(526,172)
Total assets less current liabilities
14,995 
24,097 
Provisions for liabilities
Deferred tax
- 
(76)
Net assets
14,995 
24,021 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
14,895 
23,921 
Shareholders' funds
14,995 
24,021 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2024 and were signed on its behalf by
Mrs J.A. Banfield Director Company Registration No. 13263954
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Ashley Rose Properties Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Ashley Rose Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13263954. The registered office is Midlands, St. Georges Road, Weybridge, Surrey, KT13 0EP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Straight line basis
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Ashley Rose Properties Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
449 
Additions
1,218 
At 31 March 2024
1,667 
Depreciation
At 1 April 2023
180 
Charge for the year
333 
At 31 March 2024
513 
Net book value
At 31 March 2024
1,154 
At 31 March 2023
269 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
550,000 
Net loss from fair value adjustments
(27,568)
At 31 March 2024
522,432 
The director has assessed the fair value of the investment property held at 31 March 2024 as being £522,432 (2023 - £550,000).
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
4,994 
Accrued income and prepayments
146 
8 
Other debtors
200 
- 
5,340 
8 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,954 
3,597 
Loans from directors
512,197 
523,243 
Accruals
768 
720 
Deferred income
2,019 
1,845 
517,938 
529,405 
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Ashley Rose Properties Limited Notes to the Accounts for the year ended 31 March 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
219 
51 
Revaluation of investment property
(5,213)
25 
(4,994)
76 
2024 
2023 
£ 
£ 
Provision at start of year
76 
1,993 
Credited to the profit and loss account
(5,070)
(1,917)
Provision at end of year
(4,994)
76 
9
Transactions with related parties
The director has provided loans to the company, which are repayable on demand. The balance owed at the year end totalled £512,197 ( 2023 - £523,243).
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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