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REGISTERED NUMBER: 10308977 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Ashby House Land And Development Limited

Ashby House Land And Development Limited (Registered number: 10308977)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Ashby House Land And Development Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr C J Hatfield
Mrs P S Hatfield





REGISTERED OFFICE: Pacioli House, 9 Brookfield
Duncan Close,
Moulton Park
Northampton
Northamptonshire
NN3 6WL





REGISTERED NUMBER: 10308977 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Ashby House Land And Development Limited (Registered number: 10308977)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 515 913

CURRENT ASSETS
Debtors 5 45,155 43,453
Cash at bank 548,234 474,149
593,389 517,602
CREDITORS
Amounts falling due within one year 6 97,175 80,068
NET CURRENT ASSETS 496,214 437,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

496,729

438,447

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 496,629 438,347
SHAREHOLDERS' FUNDS 496,729 438,447

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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





Mr C J Hatfield - Director


Ashby House Land And Development Limited (Registered number: 10308977)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Ashby House Land And Development 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.

The company's business address is 33 Wellingborough Road, Mears Ashby, NN6 0DZ.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102 section 1A") and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.

The financial statements are presented in Sterling (£) and cover the period to the 31st March.

Turnover
Turnover represents the invoiced amount of services provided stated net of value added tax. The turnover and pre tax profit is wholly attributable to the operating activities of the company with revenue is recognised on completion of the service being provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Ashby House Land And Development Limited (Registered number: 10308977)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 463 1,523 1,986
DEPRECIATION
At 1 April 2023 370 703 1,073
Charge for year 93 305 398
At 31 March 2024 463 1,008 1,471
NET BOOK VALUE
At 31 March 2024 - 515 515
At 31 March 2023 93 820 913

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,055 43,353
Amounts owed by group undertakings 100 100
45,155 43,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 85,832 73,968
Other creditors 11,343 6,100
97,175 80,068

Ashby House Land And Development Limited (Registered number: 10308977)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. FINANCIAL MANAGEMENT

The company has some exposure to credit, liquidity and market risks, These risks are limited by the company's financial management policies and practices described below.

Credit risk
The company's exposure and it's customers credit worthiness is continually monitored so that any potential problems are detected at an early stage and managed accordingly. Trade debtors are continually monitored and where necessary open lines of communication are present to ensure payment is within defined terms.

Liquidity risk
The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves and banking facilities.

Market risk
There is a market risk associated with the fluctuation in demand for the services provided. Most of this is mitigated by monitoring the market for the services provided, but ultimately, a lot of the market risk is outside of the company's control. The elements within the company's control, such as having a wide spectrum of clients and projects to help mitigate this risk.

The company holds no derivative financial instruments at the year end.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The parent undertaking of the reporting entity is Ashby House Group Limited, whose registered office is 9 Brookfield, Duncan Close, Moulton Park, Northampton, NN3 6WL.