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REGISTERED NUMBER: 00571094 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Aston Investments Limited

Aston Investments Limited (Registered number: 00571094)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Aston Investments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Peter William Kent Webber
Mrs Janet Mary Webber



SECRETARY: Mrs Janet Mary Webber



REGISTERED OFFICE: Queen Street Chambers
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



REGISTERED NUMBER: 00571094 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Natwest
PO Box 120
42 High Street
Sheffield
South Yorkshire
S1 2GE



SOLICITORS: Ilett and Clark
86 Bridge Street
Worksop
Nottinghamshire
S80 1JF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Aston Investments 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 Directors' Report 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 Aston Investments Limited for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Aston Investments 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 Aston Investments Limited and state those matters that we have agreed to state to the Board of Directors of Aston Investments 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 Aston Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aston Investments 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 Aston Investments Limited. You consider that Aston Investments 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 Aston Investments 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.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


18 March 2025

Aston Investments Limited (Registered number: 00571094)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Tangible assets 5 487 541
Investments 6 23,480 23,480
Investment property 7 565,180 610,000
589,147 634,021

CURRENT ASSETS
Debtors 8 261,248 270,901
Investments 9 240 221
Cash at bank 132,112 27,022
393,600 298,144
CREDITORS
Amounts falling due within one year 10 (31,355 ) (26,862 )
NET CURRENT ASSETS 362,245 271,282
TOTAL ASSETS LESS CURRENT LIABILITIES 951,392 905,303

PROVISIONS FOR LIABILITIES (72,660 ) (87,211 )
NET ASSETS 878,732 818,092

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 873,732 813,092
SHAREHOLDERS' FUNDS 878,732 818,092

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

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

Aston Investments Limited (Registered number: 00571094)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





Mrs Janet Mary Webber - Director


Aston Investments Limited (Registered number: 00571094)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Aston Investments 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts chargeable in respect of rental income derived from the investment properties held by the company. Revenue is recognised net of rebates and discounts upon establishment of a rental agreement with the tenant, accruing for rental income over the rental period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 10% on reducing balance

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

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

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


Aston Investments Limited (Registered number: 00571094)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 9,311
DEPRECIATION
At 1 April 2023 8,770
Charge for year 54
At 31 March 2024 8,824
NET BOOK VALUE
At 31 March 2024 487
At 31 March 2023 541

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2023
and 31 March 2024 23,480
NET BOOK VALUE
At 31 March 2024 23,480
At 31 March 2023 23,480

Aston Investments Limited (Registered number: 00571094)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 610,000
Disposals (89,820 )
Revaluations 45,000
At 31 March 2024 565,180
NET BOOK VALUE
At 31 March 2024 565,180
At 31 March 2023 610,000

The Freehold land and Investment properties class of fixed assets were revalued on 5 October 2019 by Fisher German, Chartered Surveyors who are external to the company. The basis of this valuation was open market. The directors have subsequently reviewed these valuations and do not consider there has been any change in these valuations as at 31 March 2024 with the exception of the Investment property at Station Road which the directors consider has increased in value from £220,000 to £265,000.

This class of assets has a current value of £565,180 (2023 - £610,000).

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 1,600 1,600
Other debtors 253,409 262,106
Directors' loan accounts 6,016 7,004
Prepayments 223 191
261,248 270,901

9. CURRENT ASSET INVESTMENTS
31/3/24 31/3/23
£    £   
Listed investments 240 221
Market value of listed investments at 31 March 2024 - £ 240 (2023 - £ 221 ).

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Tax 27,042 2,297
Other creditors 2,189 22,597
Accruals and deferred income 2,124 1,968
31,355 26,862

Aston Investments Limited (Registered number: 00571094)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31/3/24 31/3/23
£    £   
Mrs Janet Mary Webber
Balance outstanding at start of year 7,004 4,838
Amounts advanced 4,214 2,608
Amounts repaid (5,202 ) (442 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,016 7,004

Aston Investments Limited (Registered number: 00571094)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


12. RELATED PARTY DISCLOSURES

Transactions with associates

Birtles (House Builders) Limited

Birtles (House Builders) Limited is a company under common directorate to that of Aston Investments Limited.

During the year the company repaid £20,409 (2023 borrowed £1,480 ) from Birtles (Housebuilders) Limited.

At the balance sheet date the amount due to Birtles (House Builders) Limited was £2,189 (2023 - £22,598).


Transactions with other related parties

C L & H Developments Limited

C L & H Developments Limited is a company under common directorate to that of Aston Investments Limited.

Aston Investments Limited loaned the sum of £70,000 to C L & H Developments Limited in an earlier accounting period of which the sum of £35,000 has been repaid. C L & H Developments Limited has subsequently received capital and income due to Aston Investments limited in respect of one of its investments amounting to £102,740 in error.

At the balance sheet date the amount due from C L & H Developments Limited was £137,740 (2023 - £137,740).

H P K Webber

Mr H P K Webber is the son of Mr P W K Webber and Mrs J M Webber who are both directors and shareholders in the company.

The company loaned Mr H P K Webber the sum of £90,000 in a previous accounting period. Interest of £2,025 (2023 - £1,125) was charged by the company during the year.

At the balance sheet date the amount due from H P K Webber was £90,000 (2023 - £90,000).

The Z Birtles 2nd Discretionary Trust

The Z Birtles 2nd Discretionary Trust is a trust whom the beneficiaries are the children of Mr P W K Webber and Mrs J M Webber who are both directors and shareholders in the company.

The company received repayments of £7,096 (2023 made payments of £2,557) on behalf of this trust during the year.

At the balance sheet date the amount due from The Z Birtles 2nd Discretionary Trust was £nil (2023 - £7,096).

The N O & A Birtles Trusts are trusts whom the beneficiaries are the children of Mr P W K Webber and Mrs J M Webber who are both directors and shareholders in the company.

The company received repayments of £1,600 (2023 made payments of £1,600) on behalf of these trusts during the year.

Aston Investments Limited (Registered number: 00571094)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


At the balance sheet date the amount due from The N O & A Birtles Trusts was £867 (2023 - £2,467).