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Registration number: 14635416

Ashwood Realty Ltd

Unaudited Filleted Financial Statements

for the Period from 2 February 2023 to 29 February 2024

 

Ashwood Realty Ltd

Contents

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

Notes to the Unaudited Financial Statements

4 to 6

 

Ashwood Realty Ltd

Company Information

Director

Ms N Molcanova

Registered office

136 Canberra Road
London
SE7 8PG

Accountants

DSK Partners LLP
Chartered AccountantsD S House
306 High Street
Croydon
Surrey
CR0 1NG

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Ashwood Realty Ltd
for the Period Ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ashwood Realty Ltd for the period ended 29 February 2024 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Ashwood Realty Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ashwood Realty Ltd and state those matters that we have agreed to state to the Board of Directors of Ashwood Realty Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashwood Realty Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ashwood Realty Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Ashwood Realty Ltd. You consider that Ashwood Realty Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Ashwood Realty Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

DSK Partners LLP
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

29 January 2025

 

Ashwood Realty Ltd

(Registration number: 14635416)
Statement of Financial Position as at 29 February 2024

Note

2024
£

Fixed assets

 

Investment property

4

1,665,435

Current assets

 

Debtors

5

46,841

Cash at bank and in hand

 

3,222

 

50,063

Creditors: Amounts falling due within one year

6

(531,272)

Net current liabilities

 

(481,209)

Total assets less current liabilities

 

1,184,226

Creditors: Amounts falling due after more than one year

6

(1,336,867)

Net liabilities

 

(152,641)

Capital and reserves

 

Called up share capital

200

Retained earnings

(152,841)

Shareholders' deficit

 

(152,641)

For the financial period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 29 January 2025
 

Ms N Molcanova
Director

   
     
 

Ashwood Realty Ltd

Notes to the Unaudited Financial Statements for the Period from 2 February 2023 to 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
136 Canberra Road
London
SE7 8PG
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Ashwood Realty Ltd

Notes to the Unaudited Financial Statements for the Period from 2 February 2023 to 29 February 2024 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

 

Ashwood Realty Ltd

Notes to the Unaudited Financial Statements for the Period from 2 February 2023 to 29 February 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

4

Investment properties

2024
£

Additions

1,665,435

At 29 February

1,665,435

5

Debtors

Current

2024
£

Other debtors

46,841

 

46,841

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

2,400

Other creditors

528,872

531,272

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

1,336,867