Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31332023-01-01falseHolding companytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04398221 2023-01-01 2023-12-31 04398221 2022-01-01 2022-12-31 04398221 2023-12-31 04398221 2022-12-31 04398221 c:Director3 2023-01-01 2023-12-31 04398221 d:CurrentFinancialInstruments 2023-12-31 04398221 d:CurrentFinancialInstruments 2022-12-31 04398221 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04398221 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04398221 d:ShareCapital 2023-12-31 04398221 d:ShareCapital 2022-12-31 04398221 d:RetainedEarningsAccumulatedLosses 2023-12-31 04398221 d:RetainedEarningsAccumulatedLosses 2022-12-31 04398221 c:FRS102 2023-01-01 2023-12-31 04398221 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04398221 c:FullAccounts 2023-01-01 2023-12-31 04398221 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04398221 6 2023-01-01 2023-12-31 04398221 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04398221










ASHTON STEEL HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ASHTON STEEL HOLDINGS LIMITED
REGISTERED NUMBER: 04398221

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
584,862
584,862

  

Creditors: amounts falling due within one year
 5 
(524,578)
(524,578)

  

Net assets
  
60,284
60,284


Capital and reserves
  

Called up share capital 
  
60,000
60,000

Profit and loss account
  
284
284

  
60,284
60,284


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 November 2024.




P A White
Director

The notes on pages 2 to 3 form part of these financial statements.
Page 1

 
ASHTON STEEL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Ashton Steel Holdings Limited is a private company limited by shares, incorporated in England and Wales (registered number: 04398221). Its registered office is Station Yard, Station Road, Hadfield, Glossop, Derbyshire, SK13 1AA. The principal activity throughout the year continued to be that of a holding company. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 Company's functional and presentation currency is pounds sterling. 

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in the Statement of Income & Retained Earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.
Page 2

 
ASHTON STEEL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet 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. 



3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
584,862



At 31 December 2023
584,862





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
524,578
524,578


 
Page 3