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REGISTERED NUMBER: 07951004 (England and Wales)















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: T P Riley





REGISTERED OFFICE: 122 South Road
Waterloo
Liverpool
Merseyside
L22 0ND





REGISTERED NUMBER: 07951004 (England and Wales)





ACCOUNTANTS: Cobham Murphy
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 6,705,901 6,705,800
Investment property 5 3,387,097 3,387,097
10,092,998 10,092,897

CURRENT ASSETS
Stocks 547,583 649,898
Debtors 6 15,522,685 15,430,410
Cash at bank and in hand 9,102,543 8,900,798
25,172,811 24,981,106
CREDITORS
Amounts falling due within one year 7 5,582,821 5,648,761
NET CURRENT ASSETS 19,589,990 19,332,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,682,988

29,425,242

PROVISIONS FOR LIABILITIES 60,828 46,229
NET ASSETS 29,622,160 29,379,013

CAPITAL AND RESERVES
Called up share capital 110 110
Share premium 8,797,449 8,797,449
Retained earnings 20,824,601 20,581,454
SHAREHOLDERS' FUNDS 29,622,160 29,379,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 24 January 2025 and were signed by:





T P Riley - Director


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 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.

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 6,705,800
Additions 101
At 30 April 2024 6,705,901
NET BOOK VALUE
At 30 April 2024 6,705,901
At 30 April 2023 6,705,800

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 3,387,097
NET BOOK VALUE
At 30 April 2024 3,387,097
At 30 April 2023 3,387,097

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 30,196 22,134
Amounts owed by group undertakings 12,199,855 11,394,469
Other debtors 3,292,634 4,013,807
15,522,685 15,430,410

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 47,409 48,189
Amounts owed to group undertakings 22,669 -
Taxation and social security 24,106 40,632
Other creditors 5,488,637 5,559,940
5,582,821 5,648,761

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.