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REGISTERED NUMBER: 05300885 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

ASHMIT PROPERTIES LTD

ASHMIT PROPERTIES LTD (REGISTERED NUMBER: 05300885)






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


ASHMIT PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: J J Ffinch-Mitchell





SECRETARY: J J Ffinch-Mitchell





REGISTERED OFFICE: Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE





REGISTERED NUMBER: 05300885 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

ASHMIT PROPERTIES LTD (REGISTERED NUMBER: 05300885)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,833,656 1,880,132
Investments 5 2,000 2,000
1,835,656 1,882,132

CURRENT ASSETS
Debtors 6 281,511 39,640
Cash at bank 33,995 372,264
315,506 411,904
CREDITORS
Amounts falling due within one year 7 65,269 166,766
NET CURRENT ASSETS 250,237 245,138
TOTAL ASSETS LESS CURRENT LIABILITIES 2,085,893 2,127,270

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 2,084,893 2,126,270
SHAREHOLDERS' FUNDS 2,085,893 2,127,270

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 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.

ASHMIT PROPERTIES LTD (REGISTERED NUMBER: 05300885)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





J J Ffinch-Mitchell - Director


ASHMIT PROPERTIES LTD (REGISTERED NUMBER: 05300885)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Ashmit Properties Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 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.

3. EMPLOYEES AND DIRECTORS

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

ASHMIT PROPERTIES LTD (REGISTERED NUMBER: 05300885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 2,281,472 44,718 2,326,190
DEPRECIATION
At 1 August 2023 404,723 41,335 446,058
Charge for year 45,630 846 46,476
At 31 July 2024 450,353 42,181 492,534
NET BOOK VALUE
At 31 July 2024 1,831,119 2,537 1,833,656
At 31 July 2023 1,876,749 3,383 1,880,132

Included in cost of land and buildings is freehold land of £ 600,000 (2023 - £ 600,000 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 2,000
NET BOOK VALUE
At 31 July 2024 2,000
At 31 July 2023 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,314 17,559
Amounts owed by group undertakings 78 -
Other debtors 242,119 22,081
281,511 39,640

ASHMIT PROPERTIES LTD (REGISTERED NUMBER: 05300885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,893 21,254
Taxation and social security 45,970 40,599
Other creditors 16,406 104,913
65,269 166,766

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary A £1 75 75
438 Ordinary B £1 438 438
437 Ordinary C £1 437 437
25 Ordinary D £1 25 25
25 Ordinary E £1 25 25
1,000 1,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
J J Ffinch-Mitchell
Balance outstanding at start of year - -
Amounts advanced 50,657 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,657 -

10. ULTIMATE CONTROLLING PARTY

The company has no ultimate controlling party during the year under review by virtue of shareholdings in the company's parent company.

ASHMIT PROPERTIES LTD (REGISTERED NUMBER: 05300885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

11. CONSOLIDATED FINANCIAL STATEMENTS

The company is a wholly owned subsidiary of Ashmit Holdings Limited. Ashmit Holdings Limited is exempt by virtue of section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements. Copies of the financial statements for Ashmit Holdings Limited can be obtained from Companies House in the United Kingdom.