REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2024 |
for |
Ascot Waterloo Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2024 |
for |
Ascot Waterloo Limited |
Ascot Waterloo Limited (Registered number: 07951004) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Ascot Waterloo Limited |
Company Information |
for the Year Ended 30 April 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
Ascot Waterloo Limited (Registered number: 07951004) |
Balance Sheet |
30 April 2024 |
30.4.24 | 30.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Ascot Waterloo Limited (Registered number: 07951004) |
Balance Sheet - continued |
30 April 2024 |
The financial statements were approved by the director and authorised for issue on |
Ascot Waterloo Limited (Registered number: 07951004) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
Ascot Waterloo Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
Turnover |
Turnover represents the fair value of the consideration received for properties sold, commissions received and rental income. Turnover is accounted for in the period to which it relates. |
Investments in subsidiaries |
Investments in subsidiaries are recorded at cost. Provision for impairment is made where necessary.. |
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. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and 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. |
Ascot Waterloo Limited (Registered number: 07951004) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 May 2023 |
Additions |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2023 |
and 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Ascot Waterloo Limited (Registered number: 07951004) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
Ascot Waterloo Limited (Registered number: 07951004) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
8. | RELATED PARTY DISCLOSURES |
T P Riley is also a director of Ascot Properties UK Limited, Ascot Developments Group Limited, Ascot Homes Liverpool Limited, Ascot Liverpool Towers Limited, Ascot Capital Liverpool Limited, Ascot Group Shorrocks Hill Limited, Ascot Group SPV 001 Limited, Team Ascot Limited, Ascot Group Investment Company Limited, Ascot Investments Liverpool Limited and T And A Investments Limited. |
Included in debtors as at 30th April 2024 is £3,525,617 (2023 £3,553,022) owing from Ascot Properties UK Limited. |
Included in creditors as at 30th April 2024 is £22,669 (2023 £9,007 was included in debtors) owing to Ascot Developments Group Limited. |
Included in other creditors as at 30th April 2024 is £18,025 (2023 £18,025) owing to Ascot Homes Liverpool Limited. |
Included in debtors as at 30th April 2024 is £2,382,471 (2023 £2,374,371) owing from Ascot Liverpool Towers Limited. |
Included in debtors as at 30th April 2024 is £3,020,976 (2023 £2,878,588) owing from Ascot Capital Liverpool Limited. |
Included in debtors as at 30th April 2024 is £43,177 (2023 £43,572) owing from Ascot Group Shorrocks Hill Limited. |
Included in debtors as at 30th April 2024 is £2,556,924 (2023 £2,535,908) owing from Ascot Group SPV 001 Limited. |
Included in other creditors as at 30th April 2024 is £146,304 (2023 £147,304) owing to Team Ascot Limited. |
Included in other creditors as at 30th April 2024 is £262,748 (2023 £250,182) owing to Ascot Group Investment Company Limited. |
Included in debtors as at 30th April 2024 is £349,161 owing from Ascot Investments Liverpool Limited. |
Included in debtors as at 30th April 2024 is £321,527 owing from T And A Investments Limited. |
L S Riley, wife of T P Riley is a director of Ascot Towers Southport Limited. |
Included in other debtors as at 30th April 2024 is £35,432 (2023 £65,655 was included in other creditors) owing from Ascot Towers Southport Limited. |
J T Riley, son of T P Riley is a director of Johnsons Stanley Limited, Ascot Luxury Living Limited, EMR Columbus Quay Limited, Ascot Leisure Limited and Ascot Estates Management & Sales Limited. |
Included in other debtors as at 30th April 2024 is £950,130 (2023 £963,931) owing from Johnsons Stanley Limited. |
Included in other debtors as at 30th April 2024 is £2,029,676 (2023 £2,007,328) owing from Ascot Luxury Living Limited. |
Included in other creditors as at 30th April 2024 is £1,203,655 (2023 £1,203,655) owing to EMR Columbus Quay Limited. |
Included in other creditors as at 30th April 2024 is £917.794 (2023 £663,549 was included in other debtors) owing to Ascot Leisure Limited. |
Included in other debtors as at 30th April 2024 is £31,001 owing from Ascot Estates Management & Sales Limited. |
Ascot Waterloo Limited (Registered number: 07951004) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
These loans are interest free and repayable on demand. |