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REGISTERED NUMBER: 03917160 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ASHLEY HASTINGS LIMITED

ASHLEY HASTINGS LIMITED (REGISTERED NUMBER: 03917160)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


ASHLEY HASTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: V Shields
Ms N W Shields
P Gibney





SECRETARY: Ms N Gibney





REGISTERED OFFICE: C/o Kenwright & Lynch Solicitors
2 Mitcham Road
London
SW17 9NA





REGISTERED NUMBER: 03917160 (England and Wales)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Belfast
BT1 3BG

ASHLEY HASTINGS LIMITED (REGISTERED NUMBER: 03917160)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 426 609
Investment property 5 739,345 739,345
739,771 739,954

CURRENT ASSETS
Cash at bank 729,898 681,797

CREDITORS
Amounts falling due within one year 6 510,697 511,187
NET CURRENT ASSETS 219,201 170,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

958,972

910,564

PROVISIONS FOR LIABILITIES 80 116
NET ASSETS 958,892 910,448

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 958,891 910,447
SHAREHOLDERS' FUNDS 958,892 910,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

ASHLEY HASTINGS LIMITED (REGISTERED NUMBER: 03917160)

BALANCE SHEET - continued
31 MARCH 2025


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 Statement of Comprehensive Income has not been delivered.

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




Ms N W Shields - Director



V Shields - Director


ASHLEY HASTINGS LIMITED (REGISTERED NUMBER: 03917160)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Ashley Hastings 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.

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

The validity of this assumption depends on the continued support of the company's directors.

Based on the above, the directors believe it is appropriate to prepare accounts on the going concern basis.

Significant judgements and estimates
In preparing these financial statements the directors have made the following judgements:

Establish whether there are indicators of impairment of the company's investment property. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and the business in general.

Consider the recoverability of trade debtors and the need for impairment provisions. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 15% on reducing balance
Computer equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

ASHLEY HASTINGS LIMITED (REGISTERED NUMBER: 03917160)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

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 (2024 - NIL).

ASHLEY HASTINGS LIMITED (REGISTERED NUMBER: 03917160)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 1,665 1,172 2,837
DEPRECIATION
At 1 April 2024 1,164 1,064 2,228
Charge for year 75 108 183
At 31 March 2025 1,239 1,172 2,411
NET BOOK VALUE
At 31 March 2025 426 - 426
At 31 March 2024 501 108 609

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 739,345
NET BOOK VALUE
At 31 March 2025 739,345
At 31 March 2024 739,345

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2014 (116,275 )
Cost 855,620
739,345

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 855,620 855,620

The company's investment properties are valued annually on 31 March at fair value, determined by independent, professional valuers or the directors, based on rental yield and knowledge of the property sector.

ASHLEY HASTINGS LIMITED (REGISTERED NUMBER: 03917160)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Tax 12,355 12,846
Other creditors 406,777 406,777
Directors' current accounts 90,364 90,364
Accrued expenses 1,201 1,200
510,697 511,187

Included within other creditors is an amount owed to a close family member of one of the directors of £406,777 (2024: £406,777). This amount is interest free and repayable on demand.

The directors loan is also interest free and repayable on demand.