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REGISTERED NUMBER: 06649522 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Ascot Developments Group Limited

Ascot Developments Group Limited (Registered number: 06649522)






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 Developments Group Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: T P Riley
Mrs L S Riley





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





REGISTERED NUMBER: 06649522 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Ascot Developments Group Limited (Registered number: 06649522)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 225,000

CURRENT ASSETS
Stocks 182,735 279,591
Debtors 5 37,705 15,036
Cash at bank 1,954,630 839,764
2,175,070 1,134,391
CREDITORS
Amounts falling due within one year 6 231,675 372,837
NET CURRENT ASSETS 1,943,395 761,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,943,395

986,554

CREDITORS
Amounts falling due after more than one
year

7

(262,950

)

(273,112

)

PROVISIONS FOR LIABILITIES - (23,353 )
NET ASSETS 1,680,445 690,089

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,680,443 690,087
SHAREHOLDERS' FUNDS 1,680,445 690,089

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 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.

Ascot Developments Group Limited (Registered number: 06649522)

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 Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





T P Riley - Director


Ascot Developments Group Limited (Registered number: 06649522)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Ascot Developments Group 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 of net property sales and rents received. Turnover is recognised in the period that it relates to.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 Developments Group Limited (Registered number: 06649522)

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. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 225,000
Disposals (225,000 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 225,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 36 36
Amounts owed by group undertakings 22,669 -
Other debtors 15,000 15,000
37,705 15,036

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,162 9,911
Trade creditors 1,320 139,600
Amounts owed to group undertakings - 9,007
Amounts owed to participating interests 134,769 117,819
Taxation and social security 74,675 85,750
Other creditors 10,749 10,750
231,675 372,837

Ascot Developments Group Limited (Registered number: 06649522)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 13,950 24,112
Other creditors 249,000 249,000
262,950 273,112

8. RELATED PARTY DISCLOSURES

T P Riley is also a director of Ascot Waterloo Limited and Ascotorbs Limited.

Included in debtors as at 30th April 2024 is £22,669 (2023 £9,007 was included in creditors) owing to Ascot Waterloo Limited.

Included in creditors as at 30th April 2024 is £134,769 (2023 £117,819) owing to Ascotorbs Limited.

These loans are interest free and repayable on demand.