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REGISTERED NUMBER: 11644101 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ASH ( LOUGHBOROUGH ) LIMITED

ASH ( LOUGHBOROUGH ) LIMITED (REGISTERED NUMBER: 11644101)

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


ASH ( LOUGHBOROUGH ) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr A H Vadera
Mrs A A Vadera





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
LE1 7RU





REGISTERED NUMBER: 11644101 (England and Wales)

ASH ( LOUGHBOROUGH ) LIMITED (REGISTERED NUMBER: 11644101)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 951 557
Investment property 5 245,000 245,000
245,951 245,557

CURRENT ASSETS
Debtors 6 145 496
Cash at bank 20,965 16,819
21,110 17,315
CREDITORS
Amounts falling due within one year 7 178,359 177,822
NET CURRENT LIABILITIES (157,249 ) (160,507 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,702

85,050

CREDITORS
Amounts falling due after more than one
year

8

(2,522

)

(4,652

)

PROVISIONS FOR LIABILITIES (17,098 ) (12,920 )
NET ASSETS 69,082 67,478

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 67,441 67,441
Retained earnings 1,640 36
69,082 67,478

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.

ASH ( LOUGHBOROUGH ) LIMITED (REGISTERED NUMBER: 11644101)

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 27 September 2024 and were signed on its behalf by:





Mr A H Vadera - Director


ASH ( LOUGHBOROUGH ) LIMITED (REGISTERED NUMBER: 11644101)

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


1. STATUTORY INFORMATION

Ash ( Loughborough ) 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 presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Revenue represents income receivable from the provision of bookkeeping services and rent and is recognised in the accounting period in which the service is 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 - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Debtors
Short term trade debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

ASH ( LOUGHBOROUGH ) LIMITED (REGISTERED NUMBER: 11644101)

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


2. ACCOUNTING POLICIES - continued

Creditors
Short term trade creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 1,161 5,227 6,388
Additions - 897 897
At 31 March 2024 1,161 6,124 7,285
DEPRECIATION
At 1 April 2023 1,161 4,670 5,831
Charge for year - 503 503
At 31 March 2024 1,161 5,173 6,334
NET BOOK VALUE
At 31 March 2024 - 951 951
At 31 March 2023 - 557 557

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 245,000
NET BOOK VALUE
At 31 March 2024 245,000
At 31 March 2023 245,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 245,000

ASH ( LOUGHBOROUGH ) LIMITED (REGISTERED NUMBER: 11644101)

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


5. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 177,559 177,559

The investment property was valued on an open market basis on 31 March 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 350
Other debtors 145 146
145 496

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,130 1,986
Taxation and social security 2,218 1,093
Other creditors 174,011 174,743
178,359 177,822

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,522 4,652

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £3,928.

10. RELATED PARTY DISCLOSURES

At the year end the company owed £173,288 (2023: £174,072) to Mr A Vadera on his director's loan account.