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COMPANY REGISTRATION NUMBER: 13295834
Ashcot Holdings Limited
Unaudited financial statements
31 January 2025
Ashcot Holdings Limited
Statement of financial position
31 January 2025
2025
2024
Note
£
£
£
£
Fixed assets
Investments
5
100
100
Current assets
Debtors
6
81,797
67,720
Cash at bank and in hand
666,593
555,098
---------
---------
748,390
622,818
Creditors: Amounts falling due within one year
7
( 104,628)
( 102,501)
---------
---------
Net current assets
643,762
520,317
---------
---------
Total assets less current liabilities
643,862
520,417
---------
---------
Net assets
643,862
520,417
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
643,762
520,317
---------
---------
Shareholders funds
643,862
520,417
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 March 2025 , and are signed on behalf of the board by:
G D Ashfold
D T Scott
Director
Director
Company registration number: 13295834
Ashcot Holdings Limited
Notes to the financial statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Glebe Workshops, Brandon Road, Methwold, Thetford, Norfolk, IP26 4RJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Employee numbers
The average number of employees during the year was 2 (2024: 2 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 February 2024 and 31 January 2025
100
----
Impairment
At 1 February 2024 and 31 January 2025
----
Carrying amount
At 31 January 2025
100
----
At 31 January 2024
100
----
6. Debtors
2025
2024
£
£
Other debtors
81,797
67,720
-------
-------
7. Creditors: Amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
100,505
101,373
Social security and other taxes
2,929
Other creditors
1,194
1,128
---------
---------
104,628
102,501
---------
---------
8. Directors' advances, credits and guarantees
Included within debtors at the year end is a directors loan account of £81,797 (2024: £62,720). The maximum overdrawn balance during the year was £85,722. Interest of £1,187 was charged at the official rate.