Registered number
06407154
Ashbourne M/c Ltd
Filleted Accounts
31 October 2023
Ashbourne M/c Ltd
Registered number: 06407154
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 150,000 150,000
Current assets
Debtors 4 15,500 17,100
Cash at bank and in hand 2,589 2,595
18,089 19,695
Creditors: amounts falling due within one year 5 (20,390) (20,270)
Net current liabilities (2,301) (575)
Total assets less current liabilities 147,699 149,425
Creditors: amounts falling due after more than one year 6 (83,621) (83,621)
Net assets 64,078 65,804
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 73,826 73,826
Profit and loss account (9,848) (8,122)
Shareholder's funds 64,078 65,804
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Hoffman
Director
Approved by the board on 1 November 2024
Ashbourne M/c Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
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).
Turnover
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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2022 150,000
At 31 October 2023 150,000
Depreciation
At 31 October 2023 -
Net book value
At 31 October 2023 150,000
At 31 October 2022 150,000
4 Debtors 2023 2022
£ £
Other debtors 15,500 17,100
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 766 766
Other creditors 19,624 19,504
20,390 20,270
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 83,621 83,621
7 Revaluation reserve 2023 2022
£ £
At 1 November 2022 73,826 18,826
Gain on revaluation of land and buildings - 55,000
At 31 October 2023 73,826 73,826
8 Other information
Ashbourne M/c Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o B Olsberg
Room 9 Enterprise House
3 Middleton Rd
Manchester
M8 5DT
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