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REGISTERED NUMBER: 07919208 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

5 ASHDOWN UCKFIELD LIMITED

5 ASHDOWN UCKFIELD LIMITED (REGISTERED NUMBER: 07919208)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

5 ASHDOWN UCKFIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: J A King
L D King





REGISTERED OFFICE: 5 Ashdown Garage Uckfield
Coopers Row
Five Ashdown
Uckfield
East Sussex
TN22 3AP





REGISTERED NUMBER: 07919208 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

5 ASHDOWN UCKFIELD LIMITED (REGISTERED NUMBER: 07919208)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 358,274 873,855
Investment property 5 1,100,000 -
1,458,274 873,855

CURRENT ASSETS
Stocks 357,386 320,164
Debtors 6 49,165 21,593
Cash at bank 43,047 126,709
449,598 468,466
CREDITORS
Amounts falling due within one year 7 348,928 348,462
NET CURRENT ASSETS 100,670 120,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,558,944

993,859

CREDITORS
Amounts falling due after more than one
year

8

(347,207

)

(358,937

)

PROVISIONS FOR LIABILITIES (148,824 ) (2,067 )
NET ASSETS 1,062,913 632,855

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,062,813 632,755
1,062,913 632,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

5 ASHDOWN UCKFIELD LIMITED (REGISTERED NUMBER: 07919208)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 27 February 2025 and were signed on its behalf by:




J A King - Director



L D King - Director


5 ASHDOWN UCKFIELD LIMITED (REGISTERED NUMBER: 07919208)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

5 Ashdown Uckfield 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.

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 as modified by the revaluation of certain assets.

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are confident that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

Turnover
Turnover consists of net invoiced sales of goods excluding value added tax. Turnover is recognised at the point at which consideration becomes due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Investment and freehold property
Investment and freehold property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

There is no depreciation or amortisation provided in respect of freehold or investment property. This departure from the requirements of the Companies Act 2006, for all properties to be depreciated, is, in the opinion of the director, necessary for the financial statements to give a true and fair view in accordance with applicable accounting standards, as properties are included in the financial statements at their fair value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


5 ASHDOWN UCKFIELD LIMITED (REGISTERED NUMBER: 07919208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 March 2023 862,977 27,308 25,929 2,267 918,481
Revaluations 141,695 - - - 141,695
Reclassification/transfer (654,672 ) - - - (654,672 )
At 29 February 2024 350,000 27,308 25,929 2,267 405,504
DEPRECIATION
At 1 March 2023 - 25,356 17,433 1,837 44,626
Charge for year - 488 1,699 417 2,604
At 29 February 2024 - 25,844 19,132 2,254 47,230
NET BOOK VALUE
At 29 February 2024 350,000 1,464 6,797 13 358,274
At 28 February 2023 862,977 1,952 8,496 430 873,855

Cost or valuation at 29 February 2024 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2024 141,695 - - - 141,695
Cost 208,305 27,308 25,929 2,267 263,809
350,000 27,308 25,929 2,267 405,504

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 208,305 -

Value of land in freehold land and buildings 208,305 -

Freehold land and buildings were valued on an open market basis on 29 February 2024 by the directors. .

5 ASHDOWN UCKFIELD LIMITED (REGISTERED NUMBER: 07919208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 445,328
Reclassification/transfer 654,672
At 29 February 2024 1,100,000
NET BOOK VALUE
At 29 February 2024 1,100,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 445,328
Cost 654,672
1,100,000

If investment property had not been revalued it would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 654,672 -

Investment property was valued on an open market basis on 29 February 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 35,140 18,394
Other debtors 14,000 -
VAT - 3,199
Prepayments 25 -
49,165 21,593

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 36,985 66,397
Trade creditors 8,349 33,113
Tax 49,174 44,987
Social security and other taxes 2,411 1,351
VAT 9,082 -
Directors' current accounts 240,217 197,437
Accrued expenses 2,710 5,177
348,928 348,462

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 36,985 66,397
Bank loans - 2-5 years 85,561 178,972
Bank loans more 5 yr by instal 224,661 113,568
347,207 358,937

5 ASHDOWN UCKFIELD LIMITED (REGISTERED NUMBER: 07919208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29.2.24 28.2.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 224,661 113,568

9. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed the director £240,217 (2023: £197,437). There are no terms attached to this loan and it is repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
5 ASHDOWN UCKFIELD LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 5 Ashdown Uckfield Limited for the year ended 29 February 2024 which comprise the Statement of Income and Retained Earnings, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of 5 Ashdown Uckfield Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 5 Ashdown Uckfield Limited and state those matters that we have agreed to state to the Board of Directors of 5 Ashdown Uckfield Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 5 Ashdown Uckfield Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 5 Ashdown Uckfield 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 profit of 5 Ashdown Uckfield Limited. You consider that 5 Ashdown Uckfield Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 5 Ashdown Uckfield 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.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


27 February 2025