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REGISTERED NUMBER: 04890886 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ASHFARM LIMITED

ASHFARM LIMITED (REGISTERED NUMBER: 04890886)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHFARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: K R Creasy
P Creasy





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
England
Cambridgeshire
CB5 8BA





BUSINESS ADDRESS: Nornea
Near Stuntney
Ely
Cambridgeshire
CB7 5TT





REGISTERED NUMBER: 04890886 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

ASHFARM LIMITED (REGISTERED NUMBER: 04890886)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 224 449
Investment property 6 569,000 569,000
569,224 569,449

CURRENT ASSETS
Debtors 7 511 -
Cash and cash equivalents 78,068 82,697
78,579 82,697
CREDITORS
Amounts falling due within one year 8 (173,172 ) (192,376 )
NET CURRENT LIABILITIES (94,593 ) (109,679 )
TOTAL ASSETS LESS CURRENT LIABILITIES 474,631 459,770

PROVISIONS FOR LIABILITIES 10 (83,500 ) (65,745 )
NET ASSETS 391,131 394,025

CAPITAL AND RESERVES
Called up share capital 11 1 1
Fair value reserve 12 250,500 268,256
Retained earnings 140,630 125,768
SHAREHOLDERS' FUNDS 391,131 394,025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

ASHFARM LIMITED (REGISTERED NUMBER: 04890886)

BALANCE SHEET - continued
31 AUGUST 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:





K R Creasy - Director


ASHFARM LIMITED (REGISTERED NUMBER: 04890886)

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

1. STATUTORY INFORMATION

Ashfarm 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

Turnover
Turnover represents the provision of management services, revenue is recognised on an accruals basis once the right to consideration has been earnt. The company is not registered for value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. 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 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.

Rental income
Other income represents short term accommodation sales, revenue is recognised on an accruals basis once the right to consideration has been earnt.

ASHFARM LIMITED (REGISTERED NUMBER: 04890886)

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

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 48,829 7,282 1,697 57,808
DEPRECIATION
At 1 September 2023 48,829 7,282 1,248 57,359
Charge for year - - 225 225
At 31 August 2024 48,829 7,282 1,473 57,584
NET BOOK VALUE
At 31 August 2024 - - 224 224
At 31 August 2023 - - 449 449

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 569,000
NET BOOK VALUE
At 31 August 2024 569,000
At 31 August 2023 569,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2015 355,350
Valuation in 2016 29,150
Valuation in 2017 2,650
Valuation in 2018 9,850
Valuation in 2019 5,000
Valuation in 2020 111,000
Valuation in 2021 21,000
Valuation in 2022 17,000
Valuation in 2023 18,000
569,000

ASHFARM LIMITED (REGISTERED NUMBER: 04890886)

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

6. INVESTMENT PROPERTY - continued

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

2024 2023
£    £   
Cost 235,000 235,000

Investment property was valued on an open market basis on 31 August 2023 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 511 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 607 607
Taxation and social security 3,539 2,135
Other creditors 169,026 189,634
173,172 192,376

9. SECURED DEBTS

Bank loans and overdrafts are secured under a debenture by way of a fixed and floating charge over all assets of the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 83,500 65,745

Deferred
tax
£   
Balance at 1 September 2023 65,745
Provided during year 17,755
Balance at 31 August 2024 83,500

Deferred tax is recognised in respect of fair value gains on investment property.

ASHFARM LIMITED (REGISTERED NUMBER: 04890886)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Fair
value
reserve
£   
At 1 September 2023 268,256
Net transfer to fair value
reserve. (17,756 )

At 31 August 2024 250,500

13. RELATED PARTY DISCLOSURES

During the year under review a property management fee of £16,171 (2023: £13,929) was charged to a related business..

Shown within other creditors due in more than one year is an amount of £154,355 (2023: £174,688) due to the director.