| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 |
| FOR |
| ASHTON YATES LTD |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 10 |
| Retained earnings | ( |
) | ( |
) |
| 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 were approved by the director and authorised for issue on |
| 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 |
| 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 |
| Freehold property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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 |
| DEPRECIATION |
| At 1 June 2023 |
| Charge for year |
| At 31 May 2024 |
| NET BOOK VALUE |
| At 31 May 2024 |
| At 31 May 2023 |
| 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 |
| Other debtors |
| 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 |
| Trade creditors |
| Amounts owed to group undertakings |
| VAT | 154,304 | 156,916 |
| Other creditors |
| Directors' current accounts | - | 317,362 |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.5.24 | 31.5.23 |
| £ | £ |
| Bank loans - 1-2 years |
| Directors Loan Account | 369,743 | - |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.5.24 | 31.5.23 |
| £ | £ |
| Bank loans |
| Bank loans are secured over the assets of the company. |
| 10. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 June 2023 |
| and 31 May 2024 |