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REGISTERED NUMBER: 03474543 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ASHFORD ASSOCIATES PROPERTIES LIMITED

ASHFORD ASSOCIATES PROPERTIES LIMITED (REGISTERED NUMBER: 03474543)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ASHFORD ASSOCIATES PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J R Ashford
P A Ashford
J D Ashford
J J Ashford





REGISTERED OFFICE: 12 Abbey Road
Grimsby
N E Lincs
DN32 0HL





REGISTERED NUMBER: 03474543 (England and Wales)





ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL

ASHFORD ASSOCIATES PROPERTIES LIMITED (REGISTERED NUMBER: 03474543)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 81 316
Investment property 5 510,000 470,000
510,081 470,316

CURRENT ASSETS
Debtors 6,227 8,379
Cash at bank 2,559 11,044
8,786 19,423
CREDITORS
Amounts falling due within one year 184,366 218,305
NET CURRENT LIABILITIES (175,580 ) (198,882 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

334,501

271,434

PROVISIONS FOR LIABILITIES 15 60
NET ASSETS 334,486 271,374

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 1,200 1,200
Profit and loss account - undistributable 151,313 111,313
Profit and loss account 181,973 158,861
334,486 271,374

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.

ASHFORD ASSOCIATES PROPERTIES LIMITED (REGISTERED NUMBER: 03474543)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:





J J Ashford - Director


ASHFORD ASSOCIATES PROPERTIES LIMITED (REGISTERED NUMBER: 03474543)

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


1. STATUTORY INFORMATION

Ashford Associates Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of rents receivable and services provided during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 33% Reducing Balance
Office equipment - 33% Straight Line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

ASHFORD ASSOCIATES PROPERTIES LIMITED (REGISTERED NUMBER: 03474543)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 10,602
Disposals (4,042 )
At 30 September 2024 6,560
DEPRECIATION
At 1 October 2023 10,286
Charge for year 196
Eliminated on disposal (4,003 )
At 30 September 2024 6,479
NET BOOK VALUE
At 30 September 2024 81
At 30 September 2023 316

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 October 2023 470,000
Revaluations 40,000
At 30 September 2024 510,000
NET BOOK VALUE
At 30 September 2024 510,000
At 30 September 2023 470,000

The investment properties were valued at fair value on 30 September 2024 by the director J J Ashford. The historical cost of the investment properties is £358,687 (2023: £358,687).