Registration number:
Ashfield Trading Estate Management Company Ltd
for the Year Ended 31 December 2024
Ashfield Trading Estate Management Company Ltd
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Ashfield Trading Estate Management Company Ltd
Company Information
Directors |
Mr M P Sales Mr C Avery Mr D Goodrich |
Registered office |
|
Accountants |
|
Ashfield Trading Estate Management Company Ltd
(Registration number: 03818793)
Balance Sheet as at 31 December 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Shareholders' funds |
|
|
For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
......................................... |
Ashfield Trading Estate Management Company Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Ashfield Trading Estate Management Company Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)
2 |
Accounting policies (continued) |
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Land and Building |
No Depreciation |
Financial instruments
Classification
Recognition and measurement
At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Ashfield Trading Estate Management Company Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)
Tangible assets |
Land and buildings |
Total |
|
Cost or valuation |
||
At 1 January 2024 |
|
|
At 31 December 2024 |
|
|
Depreciation |
||
Carrying amount |
||
At 31 December 2024 |
|
|
At 31 December 2023 |
|
|
Included within the net book value of land and buildings above is £1,492 (2023 - £1,492) in respect of freehold land and buildings.
Debtors |
Current |
2024 |
2023 |
Trade debtors |
|
|
Other debtors |
|
|
|
|
Ashfield Trading Estate Management Company Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
|
Due within one year |
||
Trade creditors |
|
|
Other creditors |
|
|
|
|
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
128 |
|
128 |
8 Income Statement
The company has no income or expenditure in its own right from which it derives economic benefit. All transactions in the year relate to maintenance of the common parts in accordance with the lease.
Whilst certain contracts are entered into in the name of the company, the execution of these contracts and settlement of the liabilities arising are made through the service charge account.
Income and expenditure arising from these transactions is shown in separate service charge accounts for Ashfield Trading Estate that do not form part of the annual accounts of the company and are not filed at Companies House. All service charge monies received from the property owners of Ashfield Trading Estate are held on trust for the property owners.