Aston Clinton Land Ltd
Filleted accounts
31 August 2024
Company registration number:
09174644
Aston Clinton Land Ltd
Directors and other information
|
|
|
|
Director |
G M El-Kassir |
|
|
|
|
|
|
|
Secretary |
N V Walsh |
|
|
|
|
|
|
|
Company number |
09174644 |
|
|
|
|
|
|
|
Registered office |
7200 The Quorum |
|
|
Oxford Business Park North |
|
|
Oxford |
|
|
OX4 2JZ |
|
|
|
|
|
|
|
Accountants |
Cox Hinkins & Co. Limited |
|
|
Accountants and taxation advisors |
|
|
The Old Dairy |
|
|
12 Stephen Road |
|
|
Headington |
|
|
Oxford |
|
|
OX3 9AY |
|
|
|
Aston Clinton Land Ltd
Balance sheet
31st August 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
- |
|
|
|
148,194 |
|
|
Debtors |
|
5 |
405 |
|
|
|
235 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
405 |
|
|
|
148,429 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
948) |
|
|
|
(
151,395) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
543) |
|
|
|
(
2,966) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net liabilities |
|
|
|
|
(
543) |
|
|
|
(
2,966) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
7 |
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
(
643) |
|
|
|
(
3,066) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders deficit |
|
|
|
|
(
543) |
|
|
|
(
2,966) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 Profit & loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
06 May 2025
, and are signed on behalf of the board by:
G M El-Kassir
Director
Company registration number:
09174644
Aston Clinton Land Ltd
Notes to the financial statements
Year ended 31st August 2024
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 7200 The Quorum, Oxford Business Park North, Oxford, OX4 2JZ.
There was no significant change in the company's principal activity during the year which continued to be the acquisition and resale of land with development potential.
However the company ceased to trade on 31st August 2024.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below.
The financial statements are prepared in sterling which is the functional currency of the entity
.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for land supplied, net of discounts and Value Added Tax. Revenue from the sale of land is recognised when the significant risks and rewards of ownership have transferred to the buyer upon legal completion; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 not recognised in respect of any timing differences at the reporting date as all are insignificant. Unrelieved tax losses and other deferred tax assets are not recognised as it is uncertain when they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities. The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties. Financial assets that are measured at cost and amortised and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
5.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other debtors |
|
405 |
235 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade creditors |
|
474 |
4,857 |
|
Other creditors |
|
474 |
146,538 |
|
|
|
_______ |
_______ |
|
|
|
948 |
151,395 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
Ordinary shares of £
1.00 each |
|
100 |
|
100 |
|
100 |
|
100 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
8.
Controlling party
The company is under the control of
R El-Kassir
who owns 100% of the issued shares.