IRIS Accounts Production v24.3.2.46 13381064 Board of Directors 1.6.23 31.5.24 31.5.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133810642023-05-31133810642024-05-31133810642023-06-012024-05-31133810642022-05-31133810642022-06-012023-05-31133810642023-05-3113381064ns15:EnglandWales2023-06-012024-05-3113381064ns14:PoundSterling2023-06-012024-05-3113381064ns10:Director12023-06-012024-05-3113381064ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3113381064ns10:SmallEntities2023-06-012024-05-3113381064ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3113381064ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3113381064ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3113381064ns10:FullAccounts2023-06-012024-05-3113381064ns10:Director22023-06-012024-05-3113381064ns10:RegisteredOffice2023-06-012024-05-3113381064ns5:CurrentFinancialInstruments2024-05-3113381064ns5:CurrentFinancialInstruments2023-05-3113381064ns5:Non-currentFinancialInstruments2024-05-3113381064ns5:Non-currentFinancialInstruments2023-05-3113381064ns5:RetainedEarningsAccumulatedLosses2024-05-3113381064ns5:RetainedEarningsAccumulatedLosses2023-05-3113381064ns5:FurnitureFittings2023-06-012024-05-3113381064ns5:LandBuildings2023-05-3113381064ns5:FurnitureFittings2023-05-3113381064ns5:LandBuildings2023-06-012024-05-3113381064ns5:LandBuildings2024-05-3113381064ns5:FurnitureFittings2024-05-3113381064ns5:LandBuildings2023-05-3113381064ns5:FurnitureFittings2023-05-3113381064ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3113381064ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3113381064ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-05-3113381064ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-31133810641ns10:Director12023-05-31133810641ns10:Director12022-05-31133810641ns10:Director12023-06-012024-05-31133810641ns10:Director12022-06-012023-05-31133810641ns10:Director12024-05-31133810641ns10:Director12023-05-31
REGISTERED NUMBER: 13381064 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ASHELDON PROPERTIES LTD

ASHELDON PROPERTIES LTD (REGISTERED NUMBER: 13381064)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASHELDON PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr S Williams
Mrs CP Williams





REGISTERED OFFICE: The Gardeners Cottage
Asheldon Road
Torquay
Devon
TQ1 2QN





REGISTERED NUMBER: 13381064 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

ASHELDON PROPERTIES LTD (REGISTERED NUMBER: 13381064)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220,747 222,635

CURRENT ASSETS
Debtors 5 48,776 245,876
Cash at bank 1,114 692
49,890 246,568
CREDITORS
Amounts falling due within one year 6 174,260 360,998
NET CURRENT LIABILITIES (124,370 ) (114,430 )
TOTAL ASSETS LESS CURRENT LIABILITIES 96,377 108,205

CREDITORS
Amounts falling due after more than one
year

7

126,225

126,225
NET LIABILITIES (29,848 ) (18,020 )

RESERVES
Retained earnings (29,848 ) (18,020 )
SHAREHOLDERS' FUNDS (29,848 ) (18,020 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:



Mr S Williams - Director


ASHELDON PROPERTIES LTD (REGISTERED NUMBER: 13381064)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Asheldon Properties Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The company meets its day to day working capital requirements through a loan provided by Mr Simon Williams, a Director of the company. He will continue to support the company in this way until such times as profits are made.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ASHELDON PROPERTIES LTD (REGISTERED NUMBER: 13381064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 June 2023 214,568 9,491 224,059
Disposals - (939 ) (939 )
At 31 May 2024 214,568 8,552 223,120
DEPRECIATION
At 1 June 2023 - 1,424 1,424
Charge for year - 1,090 1,090
Eliminated on disposal - (141 ) (141 )
At 31 May 2024 - 2,373 2,373
NET BOOK VALUE
At 31 May 2024 214,568 6,179 220,747
At 31 May 2023 214,568 8,067 222,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 48,376 245,476
Other debtors 400 400
48,776 245,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - 8,000
Directors' current accounts 172,208 351,308
Accrued expenses 2,052 1,690
174,260 360,998

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 126,225 126,225

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 126,225 126,225

ASHELDON PROPERTIES LTD (REGISTERED NUMBER: 13381064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr S Williams
Balance outstanding at start of year (351,308 ) (285,071 )
Amounts advanced 185,900 10,086
Amounts repaid (6,800 ) (76,323 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (172,208 ) (351,308 )

Loans are unsecured, interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

Intercompany account:

During the period the company was repaid £10,500 from Coombe Court Development Ltd , a company Mr Simon Williams, Director, is also a Director of. The amount owing to the company relating to this loan at the period end, is £32,671 (2023 £43,171).

During the period the company was repaid £1,600 from Willhew Ltd, a company Mr & Mrs Williams, Directors, are also Directors of. The amount owing to the company relating to this loan at the period end, is £15,705 (2023: £17,305).

The loans are unsecured, interest free and repayable on demand.

Rents Paid:

During the year rent was paid to Mrs C Williams of £3,000 (2023: £39,750).