Registered number
13010709
Ashter Estates Ltd
Filleted Accounts
30 November 2023
Ashter Estates Ltd
Registered number: 13010709
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 193,993 84,316
Current assets
Cash at bank and in hand 184 5,993
Creditors: amounts falling due within one year 4 (41,991) (27,891)
Net current liabilities (41,807) (21,898)
Total assets less current liabilities 152,186 62,418
Creditors: amounts falling due after more than one year 5 (153,725) (60,750)
Net (liabilities)/assets (1,539) 1,668
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,540) 1,667
Shareholders' funds (1,539) 1,668
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 members have 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.
Mr J. Gluck
Director
Approved by the board on 18 November 2024
Ashter Estates Ltd
Notes to the Accounts
for the year ended 30 November 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
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 December 2022 84,316
Additions 109,677
At 30 November 2023 193,993
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 193,993
At 30 November 2022 84,316
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 391 391
Other creditors 41,600 27,500
41,991 27,891
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 153,725 60,750
6 Other information
Ashter Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
158 Cromwell Road
Salford
M6 6DE
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