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REGISTERED NUMBER: 05023152 (England and Wales)















Financial Statements for the Year Ended 31st March 2024

for

Ashley Guest Houses Limited

Ashley Guest Houses Limited (Registered number: 05023152)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ashley Guest Houses Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: M S Grant





SECRETARY: M S Grant





REGISTERED OFFICE: C/O Ocg Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
Co. Durham
TS23 4EA





REGISTERED NUMBER: 05023152 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Ashley Guest Houses Limited (Registered number: 05023152)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 50,000 50,000
Tangible assets 5 98,517 88,039
148,517 138,039

CURRENT ASSETS
Debtors 6 390,102 349,377
Cash at bank 219,913 136,858
610,015 486,235
CREDITORS
Amounts falling due within one year 7 (94,203 ) (86,714 )
NET CURRENT ASSETS 515,812 399,521
TOTAL ASSETS LESS CURRENT LIABILITIES 664,329 537,560

CREDITORS
Amounts falling due after more than one
year

8

(64,959

)

(78,374

)
NET ASSETS 599,370 459,186

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 599,270 459,086
599,370 459,186

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

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

Ashley Guest Houses Limited (Registered number: 05023152)

Balance Sheet - continued
31st 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 director and authorised for issue on 27th March 2025 and were signed by:





M S Grant - Director


Ashley Guest Houses Limited (Registered number: 05023152)

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

1. STATUTORY INFORMATION

Ashley Guest Houses 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Ashley Guest Houses Limited (Registered number: 05023152)

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2023
and 31st March 2024 50,000
NET BOOK VALUE
At 31st March 2024 50,000
At 31st March 2023 50,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 45,223 110,860 60,699 6,823 223,605
Additions 27,925 17,871 - 1,506 47,302
Disposals (8,500 ) - - - (8,500 )
At 31st March 2024 64,648 128,731 60,699 8,329 262,407
DEPRECIATION
At 1st April 2023 33,969 73,060 23,079 5,458 135,566
Charge for year 8,799 13,918 9,405 718 32,840
Eliminated on disposal (4,516 ) - - - (4,516 )
At 31st March 2024 38,252 86,978 32,484 6,176 163,890
NET BOOK VALUE
At 31st March 2024 26,396 41,753 28,215 2,153 98,517
At 31st March 2023 11,254 37,800 37,620 1,365 88,039

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 117,704 191,155
Tax refund 2,531 2,531
Other debtors 269,167 154,991
Prepayments 700 700
390,102 349,377

Ashley Guest Houses Limited (Registered number: 05023152)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 11,174
Hire purchase contracts 6,739 -
Trade creditors 3,547 2,917
Tax 67,551 62,868
VAT 6,497 5,626
Directors' current accounts 617 1,229
Accrued expenses 3,696 2,900
94,203 86,714

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 28,704 28,641
Hire purchase contracts 36,255 49,733
64,959 78,374

9. RELATED PARTY DISCLOSURES

At the year end, Ashley Guest Houses Limited was owed £120,468 (2023: £34,491) by Bristol Housing and Support Limited an entity over which the director has control. This balance is included within other debtors (note 7). This is interest free and repayable on demand.

At the year end, Ashley Guest Houses Limited was owed £148,699 (2023: £120,500) by Grant Family Partnership LLP an entity over which the director has control. This balance is included within other debtors (note 7).