22 28 Ashling Park Estate Ltd 07796541 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is operating a vineyard and related activites. Digita Accounts Production Advanced 6.30.9574.0 true 07796541 2023-11-01 2024-10-31 07796541 2024-10-31 07796541 bus:OrdinaryShareClass1 2024-10-31 07796541 bus:PreferenceShareClass1 bus:OtherShareType 2024-10-31 07796541 core:CurrentFinancialInstruments 2024-10-31 07796541 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 07796541 core:Non-currentFinancialInstruments 2024-10-31 07796541 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 07796541 core:FurnitureFittings 2024-10-31 07796541 core:LandBuildings core:LongLeaseholdAssets 2024-10-31 07796541 core:MotorVehicles 2024-10-31 07796541 core:OfficeEquipment 2024-10-31 07796541 core:PlantMachinery 2024-10-31 07796541 bus:SmallEntities 2023-11-01 2024-10-31 07796541 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 07796541 bus:FilletedAccounts 2023-11-01 2024-10-31 07796541 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07796541 bus:RegisteredOffice 2023-11-01 2024-10-31 07796541 bus:Director1 2023-11-01 2024-10-31 07796541 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 07796541 bus:PreferenceShareClass1 bus:OtherShareType 2023-11-01 2024-10-31 07796541 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07796541 core:FurnitureFittings 2023-11-01 2024-10-31 07796541 core:LandBuildings 2023-11-01 2024-10-31 07796541 core:LandBuildings core:LongLeaseholdAssets 2023-11-01 2024-10-31 07796541 core:MotorVehicles 2023-11-01 2024-10-31 07796541 core:OfficeEquipment 2023-11-01 2024-10-31 07796541 core:PlantMachinery 2023-11-01 2024-10-31 07796541 core:Vehicles 2023-11-01 2024-10-31 07796541 countries:AllCountries 2023-11-01 2024-10-31 07796541 2023-10-31 07796541 core:FurnitureFittings 2023-10-31 07796541 core:LandBuildings core:LongLeaseholdAssets 2023-10-31 07796541 core:MotorVehicles 2023-10-31 07796541 core:OfficeEquipment 2023-10-31 07796541 core:PlantMachinery 2023-10-31 07796541 2022-11-01 2023-10-31 07796541 2023-10-31 07796541 bus:OrdinaryShareClass1 2023-10-31 07796541 bus:PreferenceShareClass1 bus:OtherShareType 2023-10-31 07796541 core:CurrentFinancialInstruments 2023-10-31 07796541 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 07796541 core:Non-currentFinancialInstruments 2023-10-31 07796541 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 07796541 core:FurnitureFittings 2023-10-31 07796541 core:LandBuildings core:LongLeaseholdAssets 2023-10-31 07796541 core:MotorVehicles 2023-10-31 07796541 core:OfficeEquipment 2023-10-31 07796541 core:PlantMachinery 2023-10-31 07796541 bus:PreferenceShareClass1 bus:OtherShareType 2022-11-01 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 07796541

Ashling Park Estate Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

FRS 102 1A

 

Ashling Park Estate Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Ashling Park Estate Ltd

Company Information

Director

Mrs G A Gardner

Registered office

Ashling Park Vineyard
Funtington
Chichester
West Sussex
PO18 9DJ

Accountants

Kennedy Legg Limited
Stafford House
10 Prince of Wales Road
Dorchester
Dorset
DT1 1PW

 

Ashling Park Estate Ltd

(Registration number: 07796541)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,015,948

4,027,928

Current assets

 

Stocks

5

1,095,519

928,787

Debtors

6

55,581

38,232

Cash at bank and in hand

 

153,635

59,540

 

1,304,735

1,026,559

Creditors: Amounts falling due within one year

7

(271,135)

(199,046)

Net current assets

 

1,033,600

827,513

Total assets less current liabilities

 

5,049,548

4,855,441

Creditors: Amounts falling due after more than one year

7

(1,889,117)

(6,257,117)

Provisions for liabilities

-

(220,769)

Net assets/(liabilities)

 

3,160,431

(1,622,445)

Capital and reserves

 

Called up share capital

8

4,500,100

100

Retained earnings

(1,339,669)

(1,622,545)

Shareholders' funds/(deficit)

 

3,160,431

(1,622,445)

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 May 2025
 

 

Ashling Park Estate Ltd

(Registration number: 07796541)
Balance Sheet as at 31 October 2024

.........................................
Mrs G A Gardner
Director

 

Ashling Park Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
Ashling Park Vineyard
Funtington
Chichester
West Sussex
PO18 9DJ

These financial statements were authorised for issue by the director on 20 May 2025.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ashling Park Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

20% Straight Line basis

Office equipment

25% Straight Line basis

Fixtures & fittings

20% Straight Line basis

Long leasehold

2% Straight Line basis

Motor vehicles

20% Straight Line basis

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Ashling Park Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 22 (2023 - 28).

 

Ashling Park Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Long leasehold buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 November 2023

4,179,480

134,273

223,123

10,191

35,253

Additions

107,963

19,964

4,888

1,579

-

At 31 October 2024

4,287,443

154,237

228,011

11,770

35,253

Depreciation

At 1 November 2023

281,145

74,369

181,287

9,403

8,188

Charge for the year

85,885

30,848

21,630

960

7,051

At 31 October 2024

367,030

105,217

202,917

10,363

15,239

Carrying amount

At 31 October 2024

3,920,413

49,020

25,094

1,407

20,014

At 31 October 2023

3,898,336

59,903

41,835

789

27,065

Total
£

Cost or valuation

At 1 November 2023

4,582,320

Additions

134,394

At 31 October 2024

4,716,714

Depreciation

At 1 November 2023

554,392

Charge for the year

146,374

At 31 October 2024

700,766

Carrying amount

At 31 October 2024

4,015,948

At 31 October 2023

4,027,928

Included within the net book value of buildings above is £3,920,413 (2023 - £3,898,336) in respect of long leasehold buildings.
 

 

Ashling Park Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Stocks

2024
£

2023
£

Other inventories

1,095,519

928,787

6

Debtors

Current

2024
£

2023
£

Trade debtors

48,322

31,691

Other debtors

7,259

6,541

 

55,581

38,232

 

Ashling Park Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

58,005

79,758

Taxation and social security

47,680

45,161

Accruals and deferred income

48,821

74,127

Other creditors

116,629

-

271,135

199,046

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Directors Loan

9

1,889,117

6,257,117

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Non-interest bearing Preference Shares of £1 (2023 - £0) each

4,500,000

4,500,000

-

-

Ordinary shares of £1 each

100

100

100

100

4,500,100

4,500,100

100

100

9

Loans and borrowings

Non-current loans and borrowings

 

Ashling Park Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

2024
£

2023
£

Directors Loan

1,889,117

6,257,117