Company registration number 08280037 (England and Wales)
MLE (ASHFORD) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
MLE (ASHFORD) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
MLE (ASHFORD) LIMITED (REGISTERED NUMBER: 08280037)
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
126,538
136,926
Investments
4
293,225
293,225
419,763
430,151
Current assets
Stocks
500
500
Debtors
6
54,676
51,912
Cash at bank and in hand
31,141
53,393
86,317
105,805
Creditors: amounts falling due within one year
7
(107,291)
(118,508)
Net current liabilities
(20,974)
(12,703)
Total assets less current liabilities
398,789
417,448
Provisions for liabilities
(30,537)
(33,012)
Net assets
368,252
384,436
Capital and reserves
Called up share capital
99
99
Revaluation reserve
87,832
97,591
Distributable profit and loss reserves
280,321
286,746
Total equity
368,252
384,436

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

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

MLE (ASHFORD) LIMITED (REGISTERED NUMBER: 08280037)
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 30 October 2024 and are signed on its behalf by:
Mr M Clarke
Director
MLE (ASHFORD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

MLE (Ashford) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

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 £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents net invoiced provision of services, excluding value added tax.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
10% and 25% Reducing balance
Computer equipment
25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
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.

MLE (ASHFORD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -

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.

1.6
Stocks

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises raw and processed food items.

1.7
Taxation

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

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

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

2024
2023
Number
Number
Total
25
22
3
Tangible fixed assets
Plant and machinery
Computer equipment
Total
£
£
£
Cost
At 1 May 2023
151,802
397
152,199
Additions
2,269
1,934
4,203
At 30 April 2024
154,071
2,331
156,402
Depreciation and impairment
At 1 May 2023
15,224
49
15,273
Depreciation charged in the year
14,233
358
14,591
At 30 April 2024
29,457
407
29,864
Carrying amount
At 30 April 2024
124,614
1,924
126,538
At 30 April 2023
136,578
348
136,926
MLE (ASHFORD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
293,225
293,225
5
Subsidiaries

Details of the company's subsidiaries at 30 April 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Ashford Play Centre Limited
19-21, Swan Street, West Malling, Kent, ME19 6JU
Ordinary
100.00
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,700
5,450
Other debtors
48,976
46,462
54,676
51,912
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
30,938
16,686
Amounts owed to group undertakings
40,268
40,564
Taxation and social security
32,310
57,498
Other creditors
3,775
3,760
107,291
118,508
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
1,032,522
-
0
MLE (ASHFORD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
9
Directors' transactions

As at the balance sheet date, there was an overdrawn directors' loan account balance of £29,765 (2023 - £29,110), this balance is included within other debtors.

 

This amount includes interest charged totalling £655 (2023 - £109).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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