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Registration number: 11477089

Ashton Holdings Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024

Brebners
Chartered Accountants
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

Ashton Holdings Ltd

Statement of Financial Position as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

127,301

137,117

Current assets

 

Debtors

5

5,291

-

Cash at bank and in hand

 

7,056

1,246

 

12,347

1,246

Creditors: Amounts falling due within one year

6

(253,012)

(227,503)

Net current liabilities

 

(240,665)

(226,257)

Net liabilities

 

(113,364)

(89,140)

Capital and reserves

 

Called up share capital

120

120

Retained earnings

(113,484)

(89,260)

Shareholders' deficit

 

(113,364)

(89,140)

For the financial year ending 31 July 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

 

Ashton Holdings Ltd

Statement of Financial Position as at 31 July 2024

Approved and authorised by the Board on 24 April 2025 and signed on its behalf by:
 

.........................................

R Jones

Director

.........................................

G Jones

Director

Company registration number: 11477089

 

Ashton Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o Brebners
First Floor
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of the management of a static caravan park.

2

Accounting policies

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a loss for the year ended 31 July 2024 and had net liabilities £113,364 at that date. At 31 July 2024 an amount of £252,211 was due to the directors who have agreed not to call for repayment until such time as the company has sufficient working capital and have agreed to continue to provide working capital until such time as the park is completed.

After making enquires, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the accounts have been prepared as the going concern basis.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

 

Ashton Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

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

Plant and equipment

25% straight line

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year was 0 (2023 - 0).

 

Ashton Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Freehold Land
£

Motor vehicles
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 August 2023

124,385

25,459

11,539

161,383

Adjustments

(3,484)

(4,199)

-

(7,683)

At 31 July 2024

120,901

21,260

11,539

153,700

Depreciation

At 1 August 2023

-

12,727

11,539

24,266

Charge for the year

-

2,133

-

2,133

At 31 July 2024

-

14,860

11,539

26,399

Carrying amount

At 31 July 2024

120,901

6,400

-

127,301

At 31 July 2023

124,385

12,732

-

137,117

5

Debtors

2024
£

2023
£

Other debtors

5,291

-

5,291

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Accruals and deferred income

800

960

Other creditors

252,212

226,543

253,012

227,503