Registered number
07866633
ASCOT DEVELOPMENTS LIMITED
Filleted Accounts
31 March 2024
ASCOT DEVELOPMENTS LIMITED
Registered number: 07866633
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 2,106 2,106
Cash at bank and in hand 70,698 70,698
72,804 72,804
Creditors: amounts falling due within one year 4 (600) (600)
Net current assets 72,204 72,204
Net assets 72,204 72,204
Capital and reserves
Called up share capital 300 300
Profit and loss account 71,904 71,904
Shareholders' funds 72,204 72,204
The directors are 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 directors acknowledge their 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.
D R SWORD
Director
Approved by the board on 20 December 2024
ASCOT DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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
The company remained dormant throuout the year but when trading takes place 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Directors' loan accounts 2,106 2,106
4 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 600 600
5 Controlling party
Throughout this and the previous year the company was under the control of Mr D R Sword, a director, shareholder and the company's key management.
6 Other information
ASCOT DEVELOPMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is Dawes Court House, Dawes Court, High Street, Esher, KT10 9QD.
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