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REGISTERED NUMBER: 02217548 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

ASHLAWN GARDENS LIMITED

ASHLAWN GARDENS LIMITED (REGISTERED NUMBER: 02217548)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASHLAWN GARDENS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: Mr A C Evans





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





BUSINESS ADDRESS: 2 Ashlawn Gardens
Winchester Road
Andover
Hampshire
SP10 2EU





REGISTERED NUMBER: 02217548 (England and Wales)






ASHLAWN GARDENS LIMITED (REGISTERED NUMBER: 02217548)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 25,834 25,755
Cash at bank and in hand 199,751 203,136
225,585 228,891
CREDITORS
Amounts falling due within one year 6 15,958 11,067
NET CURRENT ASSETS 209,627 217,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,627

217,824

CAPITAL AND RESERVES
Called up share capital 7 102 102
Building fund reserve 8 163,054 153,201
Retained earnings 8 46,471 64,521
SHAREHOLDERS' FUNDS 209,627 217,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th February 2025 and were signed by:





Mr A C Evans - Director


ASHLAWN GARDENS LIMITED (REGISTERED NUMBER: 02217548)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Ashlawn Gardens 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company contributes to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

ASHLAWN GARDENS LIMITED (REGISTERED NUMBER: 02217548)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,192 255
Amounts owed by group undertakings 5,119 16,829
Other debtors 8,523 8,671
25,834 25,755

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 454 417
Taxation and social security 8,309 3,723
Other creditors 7,195 6,927
15,958 11,067

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Class A £1 100 100
2 Ordinary Class B £1 2 2
102 102

8. RESERVES
Building
Retained fund
earnings reserve Totals
£    £    £   

At 1st October 2023 64,521 153,201 217,722
Profit for the year 41,803 - 41,803
Dividends (50,000 ) - (50,000 )
Trf to/from Building fund (9,853 ) 9,853 -
At 30th September 2024 46,471 163,054 209,525

The building fund reserve relates to funds held by the company on trust on behalf of the residents. Ashlawn Gardens Limited is entitled to a service charge from the residents as this fund is spent.

On the disposal of any property at Ashlawn Gardens by the leaseholder, a charge of 1% of the purchase price of the property multiplied by the number of years of ownership is made to the maintenance company and is held in the building fund reserve to finance future property repairs.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions or balances with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

ASHLAWN GARDENS LIMITED (REGISTERED NUMBER: 02217548)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


10. FREEHOLD LAND

The freehold of the amenity land at Ashlawn Gardens is owned by Swattons (Andover) Limited, former parent company of Ashlawn Gardens Limited.

There is an assignment agreement in place between Swattons (Andover) Limited and Ashlawn Gardens Limited where the benefit of additional premiums payable by the leaseholders in accordance with the terms of their lease are now receivable by Ashlawn Gardens Limited. During the year additional premiums of £31,919 (2023: £31,786) were received by Ashlawn Gardens Limited.

The agreement also states that in the event of the earlier of (a) the sale of the amenity land at Ashlawn Gardens, or (b) the death of the last surviving member of the current Board of Directors when the freehold has to be sold, 50% of the consideration received is payable by Swattons (Andover) Limited to Ashlawn Gardens Limited.