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Registration number: 04601351

ASHGROVE PROPERTY INVESTMENTS LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

ASHGROVE PROPERTY INVESTMENTS LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

ASHGROVE PROPERTY INVESTMENTS LIMITED

Company Information

Director

Mr Ashley James Clarkson

Registered office

11 Approach Road
Raynes Park
London
SW20 8BA

Accountants

R S Business Consulting Ltd
11 Approach Road
Raynes Park
London
SW20 8BA

 

ASHGROVE PROPERTY INVESTMENTS LIMITED

(Registration number: 04601351)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

37

460

Creditors: Amounts falling due within one year

5

(23,825)

(22,432)

Total assets less current liabilities

 

(23,788)

(21,972)

Creditors: Amounts falling due after more than one year

5

(21,827)

(22,218)

Net liabilities

 

(45,615)

(44,190)

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

(45,617)

(44,192)

Shareholders' deficit

 

(45,615)

(44,190)

For the financial year ending 30 April 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 year in question in accordance with section 476; and

The director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Profit and Loss Account.

Approved and authorised by the director on 30 January 2025
 

.........................................
Mr Ashley James Clarkson
Director

 

ASHGROVE PROPERTY INVESTMENTS LIMITED

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

1

General information

The address of its registered office is:
11 Approach Road
Raynes Park
London
SW20 8BA
UK

These financial statements were authorised for issue by the director on 30 January 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

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.

 

ASHGROVE PROPERTY INVESTMENTS LIMITED

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

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 profit and loss account 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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

ASHGROVE PROPERTY INVESTMENTS LIMITED

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

4

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 30 April 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

6,374

Accruals and deferred income

600

-

Other creditors

23,225

16,058

23,825

22,432

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

12,810

13,201

Other non-current financial liabilities

 

9,017

9,017

 

21,827

22,218

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

12,810

13,201