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COMPANY REGISTRATION NUMBER: 15145831
ASHFORD LINK INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
30 November 2024
ASHFORD LINK INVESTMENTS LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 18 SEPTEMBER 2023 TO 30 NOVEMBER 2024
CONTENTS
PAGE
Director's report
1
Statement of comprehensive income
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
ASHFORD LINK INVESTMENTS LIMITED
DIRECTOR'S REPORT
PERIOD FROM 18 SEPTEMBER 2023 TO 30 NOVEMBER 2024
The director presents his report and the unaudited financial statements of the company for the period ended 30 November 2024 .
DIRECTOR
The director who served the company during the period was as follows:
Mr B Gross
(Appointed 18 September 2023)
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 10 June 2025 and signed on behalf of the board by:
Mr B Gross
Director
ASHFORD LINK INVESTMENTS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
PERIOD FROM 18 SEPTEMBER 2023 TO 30 NOVEMBER 2024
Period from
18 Sep 23 to
30 Nov 24
Note
£
TURNOVER
116,673
Cost of sales
( 47,018)
----------
GROSS PROFIT
69,655
Administrative expenses
( 1,304)
---------
OPERATING PROFIT
68,351
Interest payable and similar expenses
4
( 73,835)
---------
LOSS BEFORE TAXATION
( 5,484)
Tax on loss
-------
LOSS FOR THE FINANCIAL PERIOD AND TOTAL COMPREHENSIVE INCOME
( 5,484)
-------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the period as set out above.
ASHFORD LINK INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2024
30 Nov 24
Note
£
£
FIXED ASSETS
Tangible assets
5
1,684,000
CURRENT ASSETS
Debtors
6
58,214
Cash at bank and in hand
30,343
---------
88,557
CREDITORS: amounts falling due within one year
7
( 541,706)
----------
NET CURRENT LIABILITIES
( 453,149)
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,230,851
CREDITORS: amounts falling due after more than one year
8
( 1,236,035)
-------------
NET LIABILITIES
( 5,184)
-------------
CAPITAL AND RESERVES
Called up share capital
300
Profit and loss account
( 5,484)
-------
SHAREHOLDERS DEFICIT
( 5,184)
-------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the period ending 30 November 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 financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 June 2025 , and are signed on behalf of the board by:
Mr B Gross
Director
Company registration number: 15145831
ASHFORD LINK INVESTMENTS LIMITED
STATEMENT OF CHANGES IN EQUITY
PERIOD FROM 18 SEPTEMBER 2023 TO 30 NOVEMBER 2024
Called up share capital
Profit and loss account
Total
£
£
£
AT 18 SEPTEMBER 2023
Loss for the period
( 5,484)
( 5,484)
----
-------
-------
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD
( 5,484)
( 5,484)
Issue of shares
300
300
----
----
----
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS
300
300
----
-------
-------
AT 30 NOVEMBER 2024
300
( 5,484)
( 5,184)
----
-------
-------
ASHFORD LINK INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 18 SEPTEMBER 2023 TO 30 NOVEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is .
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared in accordance with accounting principles appropriate to a Going Concern notwithstanding the deficiency in Net Assets at the Balance Sheet date. The director considers this to be appropriate having regard to the company having being able to settle its liabilities as they fall due after the Balance Sheet date together with the continuing provision of financial facilities by its principal creditor who have not issued any demand for repayment of the outstanding amounts since the Balance Sheet date. In addition, the director confirms that no such demand will be made within one year following upon the presentation and approval of these financial statements.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. No depreciation is provided in respect of investment property applying the fair value model. Investment property fair value is determined by the directors based on their understanding of property market conditions and the specific property.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. INTEREST PAYABLE AND SIMILAR EXPENSES
Period from
18 Sep 23 to
30 Nov 24
£
Interest on banks loans and overdrafts
72,035
Other interest payable and similar charges
1,800
---------
73,835
---------
5. TANGIBLE ASSETS
Freehold property
£
Cost
At 18 September 2023
Additions
1,684,000
-------------
At 30 November 2024
1,684,000
-------------
Carrying amount
At 30 November 2024
1,684,000
-------------
6. DEBTORS
30 Nov 24
£
Trade debtors
24,014
Other debtors
34,200
---------
58,214
---------
7. CREDITORS: amounts falling due within one year
30 Nov 24
£
Trade creditors
13,980
Amounts owed to group undertakings and undertakings in which the company has a participating interest
520,818
Other creditors
6,908
----------
541,706
----------
8. CREDITORS: amounts falling due after more than one year
30 Nov 24
£
Bank loans and overdrafts
1,236,035
-------------
The bank loan is secured by way of a legal charge over the company's properties.