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REGISTERED NUMBER: 13525416 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

ASHILL REGEN LIMITED

ASHILL REGEN LIMITED (REGISTERED NUMBER: 13525416)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHILL REGEN LIMITED

Company Information
for the year ended 30 September 2024







Directors: B O Boyce
G Priddle
S R Lavers





Registered office: C/O Cooper Parry,
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 13525416 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

ASHILL REGEN LIMITED (REGISTERED NUMBER: 13525416)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,977 4,940

Current assets
Stocks 10,795,499 15,874,057
Debtors 5 316,033 286,586
Cash at bank 66,432 10,605
11,177,964 16,171,248
Creditors
Amounts falling due within one year 6 10,787,307 15,923,474
Net current assets 390,657 247,774
Total assets less current liabilities 393,634 252,714

Creditors
Amounts falling due after more than one
year

7

455,130

833,022
Net liabilities (61,496 ) (580,308 )

Capital and reserves
Called up share capital 10 50,000 50,000
Retained earnings (111,496 ) (630,308 )
Shareholders' funds (61,496 ) (580,308 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

ASHILL REGEN LIMITED (REGISTERED NUMBER: 13525416)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:




B O Boyce - Director S R Lavers - Director




G Priddle - Director


ASHILL REGEN LIMITED (REGISTERED NUMBER: 13525416)

Notes to the Financial Statements
for the year ended 30 September 2024


1. Statutory information

Ashill Regen 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. 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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in relation to stock impairment. Management estimate future costs to be
incurred for each site and its predicted sales price. A review of the sites held within stock at the year end is also carried out to ensure that they are stated at the lower of cost and net realisable value.

There is also an assessment of the likelihood of planning being obtained on each site in order to determine
whether costs incurred are recoverable. This requires an element of professional judgement to be exercised by the directors who are knowledgeable and experienced in this field.

Turnover
Turnover is derived from the company's principal activity, being strategic land promotion and property development.

Turnover represents amounts receivable for goods and services provided in the normal course of business net of any discounts, value added tax and other sales-related taxes. All revenue is anticipated to be generated in the UK. Site development sales are recognised upon legal completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost includes the acquisition cost and other
fees directly attributable to the development of the site, or the fees payable for land options. Net realisable
value is based on estimated selling price, less further costs expected to be incurred to completion and disposal.
Acquisitions of sites are recognised upon exchange of contracts when a binding undertaking is entered into.
The balance of exchange monies payable are shown as a creditor until legal completion and the balance of
monies are paid.

ASHILL REGEN LIMITED (REGISTERED NUMBER: 13525416)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

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

ASHILL REGEN LIMITED (REGISTERED NUMBER: 13525416)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 October 2023
and 30 September 2024 7,853
Depreciation
At 1 October 2023 2,913
Charge for year 1,963
At 30 September 2024 4,876
Net book value
At 30 September 2024 2,977
At 30 September 2023 4,940

5. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 316,033 286,586

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 43,408 135,683
Taxation and social security 4,438 2,489
Other creditors 10,739,461 15,785,302
10,787,307 15,923,474

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 455,130 833,022

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 20,800 20,800

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Other loans 11,179,829 16,301,252

Other loans are secured by way of fixed and floating charges over all property and undertakings of the company. The loans are from the parent companies with interest being charged at 6% and 6.75%

ASHILL REGEN LIMITED (REGISTERED NUMBER: 13525416)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
20,000 Ordinary A shares £1 20,000 20,000
10,000 Ordinary B Shares £1 10,000 10,000
20,000 Ordinary C Shares £1 20,000 20,000
50,000 50,000