IRIS Accounts Production v25.1.3.33 11330539 director 1.6.23 31.5.24 31.5.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113305392023-05-31113305392024-05-31113305392023-06-012024-05-31113305392022-05-31113305392022-06-012023-05-31113305392023-05-3111330539ns15:EnglandWales2023-06-012024-05-3111330539ns14:PoundSterling2023-06-012024-05-3111330539ns10:Director12023-06-012024-05-3111330539ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3111330539ns10:SmallEntities2023-06-012024-05-3111330539ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3111330539ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3111330539ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3111330539ns10:FullAccounts2023-06-012024-05-3111330539ns10:RegisteredOffice2023-06-012024-05-3111330539ns5:CurrentFinancialInstruments2024-05-3111330539ns5:CurrentFinancialInstruments2023-05-3111330539ns5:Non-currentFinancialInstruments2024-05-3111330539ns5:Non-currentFinancialInstruments2023-05-3111330539ns5:ShareCapital2024-05-3111330539ns5:ShareCapital2023-05-3111330539ns5:FurtherSpecificReserve3ComponentTotalEquity2024-05-3111330539ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3111330539ns5:RetainedEarningsAccumulatedLosses2024-05-3111330539ns5:RetainedEarningsAccumulatedLosses2023-05-3111330539ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-06-012024-05-3111330539ns5:FurnitureFittings2023-06-012024-05-3111330539ns5:ComputerEquipment2023-06-012024-05-3111330539ns5:LandBuildings2023-05-3111330539ns5:FurnitureFittings2023-05-3111330539ns5:ComputerEquipment2023-05-3111330539ns5:LandBuildings2023-06-012024-05-3111330539ns5:LandBuildings2024-05-3111330539ns5:FurnitureFittings2024-05-3111330539ns5:ComputerEquipment2024-05-3111330539ns5:LandBuildings2023-05-3111330539ns5:FurnitureFittings2023-05-3111330539ns5:ComputerEquipment2023-05-3111330539ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3111330539ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3111330539ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-05-3111330539ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-05-3111330539ns5:Secured2024-05-3111330539ns5:Secured2023-05-3111330539ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-31
REGISTERED NUMBER: 11330539 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

ASHTON YATES LTD

ASHTON YATES LTD (REGISTERED NUMBER: 11330539)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHTON YATES LTD

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: D L H Yates





REGISTERED OFFICE: Hy Hotel
318 -328 Clifton Drive North
Lytham St Annes
Lancashire
FY8 2PB





REGISTERED NUMBER: 11330539 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB

ASHTON YATES LTD (REGISTERED NUMBER: 11330539)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 6,283,689 6,369,643

CURRENT ASSETS
Debtors 6 169,846 247,176
Cash at bank - 640
169,846 247,816
CREDITORS
Amounts falling due within one year 7 1,251,860 1,616,015
NET CURRENT LIABILITIES (1,082,014 ) (1,368,199 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,201,675

5,001,444

CREDITORS
Amounts falling due after more than one
year

8

(3,067,942

)

(2,795,671

)

PROVISIONS FOR LIABILITIES (189,664 ) (189,664 )
NET ASSETS 1,944,069 2,016,109

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 10 2,211,529 2,211,529
Retained earnings (268,460 ) (196,420 )
1,944,069 2,016,109

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

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

ASHTON YATES LTD (REGISTERED NUMBER: 11330539)

BALANCE SHEET - continued
31 May 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 23 May 2025 and were signed by:





D L H Yates - Director


ASHTON YATES LTD (REGISTERED NUMBER: 11330539)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Ashton Yates 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.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

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.
Freehold property - not provided
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 the statement of income and retained earnings.

Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

4. EMPLOYEES AND DIRECTORS

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

ASHTON YATES LTD (REGISTERED NUMBER: 11330539)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 June 2023
and 31 May 2024 6,025,827 481,914 24,092 6,531,833
DEPRECIATION
At 1 June 2023 - 145,106 17,084 162,190
Charge for year - 84,202 1,752 85,954
At 31 May 2024 - 229,308 18,836 248,144
NET BOOK VALUE
At 31 May 2024 6,025,827 252,606 5,256 6,283,689
At 31 May 2023 6,025,827 336,808 7,008 6,369,643

Cost or valuation at 31 May 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2022 2,211,529 - - 2,211,529
Cost 3,814,298 481,914 24,092 4,320,304
6,025,827 481,914 24,092 6,531,833

If freehold property had not been revalued it would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 3,814,298 3,814,298

Freehold property was valued on an open market basis on 31 May 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by group undertakings 169,846 -
Other debtors - 247,176
169,846 247,176

ASHTON YATES LTD (REGISTERED NUMBER: 11330539)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 193,266 135,015
Trade creditors 1,958 17,947
Amounts owed to group undertakings 896,166 -
VAT 154,304 156,916
Other creditors - 983,659
Directors' current accounts - 317,362
Accruals and deferred income 6,166 5,116
1,251,860 1,616,015

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 2,698,199 2,795,671
Directors Loan Account 369,743 -
3,067,942 2,795,671

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 2,891,465 2,930,686

Bank loans are secured over the assets of the company.

10. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 2,211,529