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REGISTERED NUMBER: 02774354 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ASH HOLDINGS LIMITED

ASH HOLDINGS LIMITED (REGISTERED NUMBER: 02774354)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASH HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D M Ash
C Ash
S Ash





SECRETARY: C Ash





REGISTERED OFFICE: Unit 1
Ghyll Road Industrial Estate
Heathfield
East Sussex
TN21 8AW





REGISTERED NUMBER: 02774354 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

ASH HOLDINGS LIMITED (REGISTERED NUMBER: 02774354)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,131 1,833
Investment property 5 9,609,229 9,609,229
9,610,360 9,611,062

CURRENT ASSETS
Debtors 6 89,783 144,049
Cash at bank 211,109 186,087
300,892 330,136
CREDITORS
Amounts falling due within one year 7 (455,908 ) (420,143 )
NET CURRENT LIABILITIES (155,016 ) (90,007 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,455,344

9,521,055

CREDITORS
Amounts falling due after more than one
year

8

(2,221,079

)

(2,363,447

)

PROVISIONS FOR LIABILITIES (321,118 ) (321,003 )
NET ASSETS 6,913,147 6,836,605

CAPITAL AND RESERVES
Called up share capital 9 400 400
Other reserves 2,941,473 2,942,116
Retained earnings 3,971,274 3,894,089
SHAREHOLDERS' FUNDS 6,913,147 6,836,605

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

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

The directors acknowledge their 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.

ASH HOLDINGS LIMITED (REGISTERED NUMBER: 02774354)

BALANCE SHEET - continued
30 APRIL 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





D M Ash - Director


ASH HOLDINGS LIMITED (REGISTERED NUMBER: 02774354)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Ash 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


ASH HOLDINGS LIMITED (REGISTERED NUMBER: 02774354)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 4,430 121,267 13,065 138,762
DEPRECIATION
At 1 May 2023 4,430 121,267 11,232 136,929
Charge for year - - 702 702
At 30 April 2024 4,430 121,267 11,934 137,631
NET BOOK VALUE
At 30 April 2024 - - 1,131 1,131
At 30 April 2023 - - 1,833 1,833

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 9,609,229
NET BOOK VALUE
At 30 April 2024 9,609,229
At 30 April 2023 9,609,229

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,268 99,227
Other debtors 33,515 44,822
89,783 144,049

ASH HOLDINGS LIMITED (REGISTERED NUMBER: 02774354)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 141,480 137,734
Trade creditors 2,384 35,388
Taxation and social security 144,849 114,593
Other creditors 167,195 132,428
455,908 420,143

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,221,079 2,363,447

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,000,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
400 Ordinary A shares 1 400 400

10. RELATED PARTY DISCLOSURES

D M & C Ash Limited, a company beneficially owned and ultimately controlled by the directors:
- Purchases and management charges of £79,414 (2023: £172,839).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors