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REGISTERED NUMBER: 15026381 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

25 JULY 2023 TO 31 JULY 2024

FOR

397 ASHLEY ROAD LIMITED

397 ASHLEY ROAD LIMITED (REGISTERED NUMBER: 15026381)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 25 JULY 2023 TO 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


397 ASHLEY ROAD LIMITED

COMPANY INFORMATION
FOR THE PERIOD 25 JULY 2023 TO 31 JULY 2024







DIRECTORS: B L Wigg
O L Wigg





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





REGISTERED NUMBER: 15026381 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

397 ASHLEY ROAD LIMITED (REGISTERED NUMBER: 15026381)

BALANCE SHEET
31 JULY 2024

Notes £   
FIXED ASSETS
Investment property 5 380,032

CURRENT ASSETS
Debtors 6 14,204
Cash at bank 8,665
22,869
CREDITORS
Amounts falling due within one year 7 (405,499 )
NET CURRENT LIABILITIES (382,630 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,598 )

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (2,698 )
SHAREHOLDERS' FUNDS (2,598 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





O L Wigg - Director


397 ASHLEY ROAD LIMITED (REGISTERED NUMBER: 15026381)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 25 JULY 2023 TO 31 JULY 2024

1. STATUTORY INFORMATION

397 Ashley Road 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
At the balance sheet date current liabilities exceeded current assets by £2,598. The financial statements have been prepared on a going concern basis as the company continues to receive the support of the director where required to ensure it meets all liabilities as they fall due.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investment property
Investment property is held at market value.

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

397 ASHLEY ROAD LIMITED (REGISTERED NUMBER: 15026381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 25 JULY 2023 TO 31 JULY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 380,032
At 31 July 2024 380,032
NET BOOK VALUE
At 31 July 2024 380,032

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 100
Other debtors 14,104
14,204

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 405,499

Within other creditors, there is an unsecured loan of £400,000 from a third party investor. This is due for repayment within one year and carries interest at the rate of 10%

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100