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REGISTERED NUMBER: 09017848 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ASHLEIGH STONE ESTATE AGENTS LIMITED

ASHLEIGH STONE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 09017848)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHLEIGH STONE ESTATE AGENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs J McNeilly
D McNeilly





REGISTERED OFFICE: Turnpike House
London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 09017848 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

ASHLEIGH STONE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 09017848)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,705 3,140

CURRENT ASSETS
Debtors 5 108,085 13,942
Cash at bank and in hand 15,303 119,263
123,388 133,205
CREDITORS
Amounts falling due within one year 6 93,931 94,138
NET CURRENT ASSETS 29,457 39,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,162

42,207

CREDITORS
Amounts falling due after more than one
year

7

30,523

35,896
NET ASSETS 2,639 6,311

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 2,637 6,309
SHAREHOLDERS' FUNDS 2,639 6,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

ASHLEIGH STONE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 09017848)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:




Mrs J McNeilly - Director



D McNeilly - Director


ASHLEIGH STONE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 09017848)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Ashleigh Stone Estate Agents 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.

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 each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

ASHLEIGH STONE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 09017848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,235 2,365 14,652 18,252
Additions - 1,667 515 2,182
At 31 March 2024 1,235 4,032 15,167 20,434
DEPRECIATION
At 1 April 2023 715 832 13,565 15,112
Charge for year 130 480 1,007 1,617
At 31 March 2024 845 1,312 14,572 16,729
NET BOOK VALUE
At 31 March 2024 390 2,720 595 3,705
At 31 March 2023 520 1,533 1,087 3,140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Inter-company account 75,775 -
Prepayments and accrued income 32,310 13,942
108,085 13,942

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,374 5,241
Trade creditors 3,424 2,652
Tax 37,153 29,973
Social security and other taxes 4,132 1,384
VAT 41,665 22,105
Pension liability 261 241
Inter-company account - 30,439
Directors' current accounts 22 228
Accrued expenses 1,900 1,875
93,931 94,138

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,510 5,374
Bank loans - 2-5 years 17,379 16,950
Bank loans more 5 yr by instal 7,634 13,572
30,523 35,896

ASHLEIGH STONE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 09017848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,634 13,572

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 35,897 41,137

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 April 2023 6,309
Profit for the year 67,428
Dividends (71,100 )
At 31 March 2024 2,637