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REGISTERED NUMBER: 09435957 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ASHCOURT (BRIDLINGTON) LIMITED

ASHCOURT (BRIDLINGTON) LIMITED (REGISTERED NUMBER: 09435957)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASHCOURT (BRIDLINGTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: K J Bousfield
L J Churchill





REGISTERED OFFICE: Ashcourt Group
Halifax Way
Pocklington
YO42 1NR





REGISTERED NUMBER: 09435957 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

ASHCOURT (BRIDLINGTON) LIMITED (REGISTERED NUMBER: 09435957)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Inventories 5,342,756 7,904,100
Debtors 4 1,095,993 870,972
Cash at bank and in hand 6,938 1,317
6,445,687 8,776,389
CREDITORS
Amounts falling due within one year 5 9,603,096 7,593,748
NET CURRENT (LIABILITIES)/ASSETS (3,157,409 ) 1,182,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,157,409

)

1,182,641

CREDITORS
Amounts falling due after more than one
year

6

869,339

1,188,333
NET LIABILITIES (4,026,748 ) (5,692 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (4,026,848 ) (5,792 )
SHAREHOLDERS' FUNDS (4,026,748 ) (5,692 )

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

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

ASHCOURT (BRIDLINGTON) LIMITED (REGISTERED NUMBER: 09435957)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 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 15 January 2025 and were signed on its behalf by:





K J Bousfield - Director


ASHCOURT (BRIDLINGTON) LIMITED (REGISTERED NUMBER: 09435957)

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

1. STATUTORY INFORMATION

Ashcourt (Bridlington) 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.

As the company has the continued financial support of the directors and shareholders these accounts have been prepared on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Revenue represents the construction and sale of commercial and residential property, measured at fair value, net of discounts and value added tax.

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

ASHCOURT (BRIDLINGTON) LIMITED (REGISTERED NUMBER: 09435957)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts owed by group undertakings 149,745 262,646
Amounts owed by associates 943,335 606,575
VAT 2,913 1,751
1,095,993 870,972

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts - 2,610,047
Other loans 750,000 2,176,667
Trade creditors 13,787 -
Amounts owed to associates 8,831,360 2,801,083
Accrued expenses 7,949 5,951
9,603,096 7,593,748

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Other loans - 1-2 years 869,339 1,188,333

7. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans - 2,610,047
- 3,365,000
- 5,975,047

During this financial year the bank loan was repaid and the company refinanced with an other loan which is unsecured.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

ASHCOURT (BRIDLINGTON) LIMITED (REGISTERED NUMBER: 09435957)

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

9. RELATED PARTY DISCLOSURES

The Ashcourt Group is a group of construction companies controlled by K J Bousfield. During the period the company engaged several companies in the Ashcourt Group for construction services, being Ashcourt Construction Limited, Ashcourt Contracts Limited, Ashcourt Group Limited, Ashcourt (Pocklington) Limited, Ashcourt Plant Limited and Eco Custom Homes Limited.

Ashcourt Properties Limited is a company controlled by the family of a director, K J Bousfield. During the period the company paid expenses and recharged costs to Ashcourt Properties Limited and its subsidiaries.

As at 31 January 2024 the company was owed an aggregate of £943,335 (2023: £606,575) by, and owed £8,831,360 (2023: £2,801,083) to numerous companies in the Ashcourt Group, and Ashcourt Properties Limited (and its subsidiaries).

All transactions were conducted on commercial terms.

The controlling party is Ashcourt Developments Limited.

The ultimate controlling party is K J Bousfield.