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Registered number: 03967177









THE FOUR ASHES STABLE COURT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
THE FOUR ASHES STABLE COURT LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE FOUR ASHES STABLE COURT LIMITED
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Four Ashes Stable Court Limited for the year ended 30 April 2024 which comprise the Balance sheet and the related notes 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 https://www.icaew.com /regulation.

This report is made solely to the Board of directors of The Four Ashes Stable Court Limited, as a body, in accordance with the terms of our engagement letter dated 30 November 2017Our work has been undertaken solely to prepare for your approval the financial statements of The Four Ashes Stable Court Limited and state those matters that we have agreed to state to the Board of directors of The Four Ashes Stable Court Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Four Ashes Stable Court Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that The Four Ashes Stable Court Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Four Ashes Stable Court Limited. You consider that The Four Ashes Stable Court Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of The Four Ashes Stable Court Limited. 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 financial statements.

  



WR Partners
 
Chartered Accountants
  
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
29 January 2025
Page 1

 
THE FOUR ASHES STABLE COURT LIMITED
REGISTERED NUMBER: 03967177

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
174,584
177,797

  
174,584
177,797

Current assets
  

Debtors: amounts falling due within one year
 5 
-
210

Cash at bank and in hand
 6 
237
393

  
237
603

Creditors: amounts falling due within one year
 7 
(104,699)
(104,068)

Net current liabilities
  
 
 
(104,462)
 
 
(103,465)

Total assets less current liabilities
  
70,122
74,332

  

Net assets
  
70,122
74,332


Capital and reserves
  

Called up share capital 
 8 
100,002
100,002

Share premium account
  
80,000
80,000

Profit and loss account
  
(109,880)
(105,670)

  
70,122
74,332


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 January 2025.
Page 2

 
THE FOUR ASHES STABLE COURT LIMITED
REGISTERED NUMBER: 03967177
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024





Mr S P Thompson
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
THE FOUR ASHES STABLE COURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The Four Ashes Stable Court Limited, (Company number: 03967177), is a private limited company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Four Ashes Hall, Four Ashes, Enville, Stourbridge, West Midlands, DY7 5JG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is funded by borrowings from the shareholder and director of the company.
Despite the company having net liabilities, the director considers it appropriate to prepare the financial statements on a going concern basis. The decision is taken after having taken assurances that the shareholder has no requirement to collect their loan within twelve months from signing these financial statements.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
THE FOUR ASHES STABLE COURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 5

 
THE FOUR ASHES STABLE COURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 May 2023
161,732
25,171
186,903



At 30 April 2024

161,732
25,171
186,903



Depreciation


At 1 May 2023
-
9,106
9,106


Charge for the year on owned assets
-
3,213
3,213



At 30 April 2024

-
12,319
12,319



Net book value



At 30 April 2024
161,732
12,852
174,584



At 30 April 2023
161,732
16,065
177,797


5.


Debtors

2024
2023
£
£


Other debtors
-
210

-
210



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
237
393

237
393


Page 6

 
THE FOUR ASHES STABLE COURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
82
-

Other creditors
103,538
103,088

Accruals and deferred income
1,079
980

104,699
104,068



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100,002 (2023 - 100,002) Ordinary shares of £1.00 each
100,002
100,002



9.


Related party transactions

There was an amount due to the directors of £15,134 as at 30 April 2024 (As at 30 April 2023 the company owed the directors a total of £15,134).
There were no transactions with the directors this year. 
No interest was charged on the balance owed to the directors during the year.

 
Page 7