Registered number
01820764
(Registered in England and Wales)
ASHTON LIMITED
Report and Accounts
31 March 2025
ASHTON LIMITED
Registered number: 01820764
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 425,001 425,001
Current assets
Cash at bank and in hand 109,717 125,794
Creditors: amounts falling due within one year 4 (34,533) (29,580)
Net current assets 75,184 96,214
Total assets less current liabilities 500,185 521,215
Creditors: amounts falling due after more than one year 5 (19,355) (21,609)
Net assets 480,830 499,606
Capital and reserves
Called up share capital 25,000 25,000
Revaluation reserve 6 (213,086) (213,086)
Profit and loss account 668,916 687,692
Shareholders' funds 480,830 499,606
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Andrew Q Shillam
Director
Approved by the board on 16 April 2025
ASHTON LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the rent received from letting of the properties.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land & Building, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2024 425,001
At 31 March 2025 425,001
Depreciation
At 31 March 2025 -
Net book value
At 31 March 2025 425,001
At 31 March 2024 425,001
4 Creditors: amounts falling due within one year 2025 2024
£ £
Director's Loan Account 25,094 19,355
Accruals 547 547
Corporation tax 15 801
Other creditors 8,877 8,877
34,533 29,580
5 Creditors: amounts falling due after one year 2025 2024
£ £
Director's Loan Account (Interest free) 19,355 21,609
6 Revaluation reserve 2025 2024
£ £
At 1 April 2024 (213,086) -
Loss on revaluation of land and buildings - (213,086)
At 31 March 2025 (213,086) (213,086)
7 Other information
ASHTON LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Flat1 Randolph Court
2-12 Northwick Park Road
Harrow
HA1 2NU
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