Ainsworth Family Holdings Ltd 15772387 false 2024-06-11 2024-12-31 2024-12-31 The principal activity of the company is a holding company Digita Accounts Production Advanced 6.30.9574.0 true false 15772387 2024-06-11 2024-12-31 15772387 2024-12-31 15772387 bus:CompanySecretaryDirector1 1 2024-12-31 15772387 core:RetainedEarningsAccumulatedLosses 2024-12-31 15772387 core:ShareCapital 2024-12-31 15772387 core:CurrentFinancialInstruments 2024-12-31 15772387 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 15772387 core:CostValuation 2024-12-31 15772387 bus:SmallEntities 2024-06-11 2024-12-31 15772387 bus:AuditExemptWithAccountantsReport 2024-06-11 2024-12-31 15772387 bus:FilletedAccounts 2024-06-11 2024-12-31 15772387 bus:SmallCompaniesRegimeForAccounts 2024-06-11 2024-12-31 15772387 bus:RegisteredOffice 2024-06-11 2024-12-31 15772387 bus:CompanySecretaryDirector1 2024-06-11 2024-12-31 15772387 bus:CompanySecretaryDirector1 1 2024-06-11 2024-12-31 15772387 bus:Director1 2024-06-11 2024-12-31 15772387 bus:PrivateLimitedCompanyLtd 2024-06-11 2024-12-31 15772387 bus:Agent1 2024-06-11 2024-12-31 15772387 1 2024-06-11 2024-12-31 15772387 countries:EnglandWales 2024-06-11 2024-12-31 15772387 bus:CompanySecretaryDirector1 1 2024-06-10 15772387 core:AdditionsToInvestments 2024-06-10 iso4217:GBP xbrli:pure

REGISTRAR OF COMPANIES

Registration number: 15772387

Ainsworth Family Holdings Ltd

Unaudited Financial Statements

11 June 2024 to 31 December 2024

image-name

 

Ainsworth Family Holdings Ltd

Contents

Accountants' Report

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

4

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ainsworth Family Holdings Ltd
for the Period Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ainsworth Family Holdings Ltd for the period ended 31 December 2024 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Ainsworth Family Holdings Ltd, as a body, in accordance with the terms of our engagement letter dated 30 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of Ainsworth Family Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Ainsworth Family Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ainsworth Family Holdings Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ainsworth Family Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ainsworth Family Holdings Ltd. You consider that Ainsworth Family Holdings Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Ainsworth Family Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

1 May 2025

 

Ainsworth Family Holdings Ltd

(Registration number: 15772387)
Balance Sheet as at 31 December 2024

Note

31 December 2024
£

Fixed assets

 

Investments

4

119

Current assets

 

Debtors

5

649,762

Cash at bank and in hand

 

50,000

 

699,762

Creditors: Amounts falling due within one year

6

(52,070)

Net current assets

 

647,692

Net assets

 

647,811

Capital and reserves

 

Allotted, called up and fully paid share capital

120

Profit and loss account

647,691

Total equity

 

647,811

 

Ainsworth Family Holdings Ltd

(Registration number: 15772387)
Balance Sheet as at 31 December 2024 (continued)

For the financial period ending 31 December 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 period 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 May 2025 and signed on its behalf by:
 

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

G Ainsworth

Director

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

S R Ainsworth

Company secretary and director

 

Ainsworth Family Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 11 June 2024 to 31 December 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:
Yew Cottage
Stainton
PENRITH
CA11 0EP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The accounting period is less than 12 months as it is a newly incorporated company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

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.

 

Ainsworth Family Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 11 June 2024 to 31 December 2024 (continued)

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 (including directors) during the period, was 2.

 

Ainsworth Family Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 11 June 2024 to 31 December 2024 (continued)

4

Investments

31 December 2024
£

Investments in subsidiaries

119

Subsidiaries

£

Cost or valuation

Additions

119

At 31 December 2024

119

Provision

Carrying amount

At 31 December 2024

119

5

Debtors

31 December 2024
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

390,335

Other debtors

259,427

649,762

6

Creditors

Note

31 December 2024
£

Due within one year

 

Loans and borrowings

7

50,270

Other creditors

 

1,800

 

52,070

 

Ainsworth Family Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 11 June 2024 to 31 December 2024 (continued)

7

Loans and borrowings

31 December 2024
£

Current loans and borrowings

Other borrowings

50,270

8

Related party transactions

Transactions with directors

2024

At 11 June 2024
£

Advances
£

Repayments
£

Other payments
£

Dividends credited
£

Interest
£

At 31 December 2024
£

S R Ainsworth

Loan

-

258,941

-

-

-

486

259,427

               
         

 

Directors' advances are repayable on demand.

Interest has been charged at a rate of 2.25% on advances to directors.