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REGISTERED NUMBER: 11317443 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 28 June 2024

for

Ashley Property Developments Ltd

Ashley Property Developments Ltd (Registered number: 11317443)






Contents of the Financial Statements
for the Year Ended 28 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ashley Property Developments Ltd

Company Information
for the Year Ended 28 June 2024







DIRECTORS: Ashley Property Syndicate Limited
R A Pratt





REGISTERED OFFICE: Unit 10
3 Edgar Buildings
Bath
Bath & NE Somerset
BA1 2FJ





REGISTERED NUMBER: 11317443 (England and Wales)

Ashley Property Developments Ltd (Registered number: 11317443)

Balance Sheet
28 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,309 17,354

CURRENT ASSETS
Stocks 299,853 388,388
Debtors 5 836,783 904,323
Cash at bank 44,681 94,813
1,181,317 1,387,524
CREDITORS
Amounts falling due within one year 6 76,684 230,918
NET CURRENT ASSETS 1,104,633 1,156,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,114,942

1,173,960

CREDITORS
Amounts falling due after more than one
year

7

1,251,918

1,173,430
NET (LIABILITIES)/ASSETS (136,976 ) 530

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (137,076 ) 430
(136,976 ) 530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:





R A Pratt - Director


Ashley Property Developments Ltd (Registered number: 11317443)

Notes to the Financial Statements
for the Year Ended 28 June 2024

1. STATUTORY INFORMATION

Ashley Property Developments Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Ashley Property Developments Ltd (Registered number: 11317443)

Notes to the Financial Statements - continued
for the Year Ended 28 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 29 June 2023 14,229 3,942 24,291 12,407 54,869
Additions 1,858 - - - 1,858
Disposals - - - (1,858 ) (1,858 )
At 28 June 2024 16,087 3,942 24,291 10,549 54,869
DEPRECIATION
At 29 June 2023 8,971 1,015 24,291 3,238 37,515
Charge for year 2,833 731 - 3,481 7,045
At 28 June 2024 11,804 1,746 24,291 6,719 44,560
NET BOOK VALUE
At 28 June 2024 4,283 2,196 - 3,830 10,309
At 28 June 2023 5,258 2,927 - 9,169 17,354

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 960 568,814
Other debtors 14,379 147,019
Directors' current accounts 8,804 1
VAT 18,491 27,598
Prepayments 15,245 15,044
57,879 758,476

Amounts falling due after more than one year:
Amounts owed by group undertakings 778,904 145,847

Aggregate amounts 836,783 904,323

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 2,075
Trade creditors 41,150 189,711
Retentions - 2,250
Tax 2,971 -
Social security and other taxes 7,812 2,138
Pensions control account 1,124 2,274
Wages and salaries 7,570 7,472
Credit Card 4,257 4,598
Accrued expenses 11,800 20,400
76,684 230,918

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,251,918 1,173,430

Ashley Property Developments Ltd (Registered number: 11317443)

Notes to the Financial Statements - continued
for the Year Ended 28 June 2024

8. SECURED DEBTS

There are fixed and floating charges in favour of Barclays Security Trustee Limited in respect of all of the undertaking of the company.