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REGISTERED NUMBER: 06020448 (England and Wales)















ASCOTT PROJECT MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






ASCOTT PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 06020448)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


ASCOTT PROJECT MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: A Scott
Mrs S Scott





REGISTERED OFFICE: Fairfield Enterprise Centre
Lincoln Way
Louth
Lincolnshire
LN11 0LS





REGISTERED NUMBER: 06020448 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS

ASCOTT PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 06020448)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,218 12,020

CURRENT ASSETS
Debtors 5 87,323 26,078
Cash at bank - 74,661
87,323 100,739
CREDITORS
Amounts falling due within one year 6 79,324 81,604
NET CURRENT ASSETS 7,999 19,135
TOTAL ASSETS LESS CURRENT LIABILITIES 18,217 31,155

CREDITORS
Amounts falling due after more than one year 7 (12,800 ) (22,400 )

PROVISIONS FOR LIABILITIES (2,554 ) (3,005 )
NET ASSETS 2,863 5,750

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 2,861 5,748
SHAREHOLDERS' FUNDS 2,863 5,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:





A Scott - Director


ASCOTT PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 06020448)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Ascott Project Management Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 15% on reducing balance
Computer equipment - 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

ASCOTT PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 06020448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 8,659 10,377 19,036
DEPRECIATION
At 1 October 2023 1,428 5,588 7,016
Charge for year 1,084 718 1,802
At 30 September 2024 2,512 6,306 8,818
NET BOOK VALUE
At 30 September 2024 6,147 4,071 10,218
At 30 September 2023 7,231 4,789 12,020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 49,438 26,078
Other debtors 37,885 -
87,323 26,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,317 9,600
Trade creditors 3,685 1,721
Taxation and social security 48,177 41,392
Other creditors 3,145 28,891
79,324 81,604

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,800 22,400

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

ASCOTT PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 06020448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
A Scott and Mrs S Scott
Balance outstanding at start of year (24,208 ) (13,461 )
Amounts advanced 197,534 1,544
Amounts repaid (135,440 ) (12,291 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,886 (24,208 )

The directors loan account is unsecured and repayable on demand. Interest has been charged.

10. RELATED PARTY DISCLOSURES

Directors remuneration was paid in the year totalling £9,100 (2023: £9,100).