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REGISTERED NUMBER: 08405733 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

The Ashton Works Limited

The Ashton Works Limited (Registered number: 08405733)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Ashton Works Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: S M Quirk
S G Lynch





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





REGISTERED NUMBER: 08405733 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

The Ashton Works Limited (Registered number: 08405733)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Investment property 4 816,000 744,000

CURRENT ASSETS
Debtors 5 159,895 -
Cash at bank 77,222 134,579
237,117 134,579
CREDITORS
Amounts falling due within one year 6 (42,440 ) (28,494 )
NET CURRENT ASSETS 194,677 106,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,010,677

850,085

PROVISIONS FOR LIABILITIES (36,476 ) (23,206 )
NET ASSETS 974,201 826,879

CAPITAL AND RESERVES
Called up share capital 60 60
Fair value reserve 104,755 46,025
Retained earnings 869,386 780,794
SHAREHOLDERS' FUNDS 974,201 826,879

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

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

The Ashton Works Limited (Registered number: 08405733)

Balance Sheet - continued
31 July 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 15 April 2025 and were signed on its behalf by:





S M Quirk - Director


The Ashton Works Limited (Registered number: 08405733)

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

1. STATUTORY INFORMATION

The Ashton Works 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents trading income, rent receivable and similar items, excluding Value Added Tax.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Profit and Loss Account. Deferred tax is provided at the rate expected to apply when the property is sold.

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.

3. EMPLOYEES AND DIRECTORS

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

The Ashton Works Limited (Registered number: 08405733)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 744,000
Revaluations 72,000
At 31 July 2024 816,000
NET BOOK VALUE
At 31 July 2024 816,000
At 31 July 2023 744,000

The investment property has been valued by the directors on an open market basis having taking guidance from relevant specialists.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 22,595 -
Other debtors 137,300 -
159,895 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 240 240
Taxation and social security 35,711 21,674
Other creditors 6,489 6,580
42,440 28,494

Other creditors include accruals and deferred income of £909 (2023: £1,000).

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
S M Quirk
Balance outstanding at start of year - -
Amounts advanced 121,300 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 121,300 -

The Ashton Works Limited (Registered number: 08405733)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S G Lynch
Balance outstanding at start of year - -
Amounts advanced 16,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,000 -

The above loans were interest free and repayable on demand.