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REGISTERED NUMBER: 07334408 (England and Wales)















Ascot Park Limited

Unaudited Financial Statements for the Year Ended 31 December 2024






Ascot Park Limited (Registered number: 07334408)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ascot Park Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D J Smith
Mrs G J Smith





REGISTERED OFFICE: 34 Park Drive
Sittingbourne
Kent
ME10 1RW





REGISTERED NUMBER: 07334408 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Ascot Park Limited (Registered number: 07334408)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 143,592 151,866
Investment property 5 190,000 175,000
333,592 326,866

CURRENT ASSETS
Inventories 40,074 42,074
Debtors 6 6,042 131,532
Cash at bank 322,353 210,717
368,469 384,323
CREDITORS
Amounts falling due within one year 7 652,406 675,490
NET CURRENT LIABILITIES (283,937 ) (291,167 )
TOTAL ASSETS LESS CURRENT LIABILITIES 49,655 35,699

PROVISIONS FOR LIABILITIES 19,790 17,722
NET ASSETS 29,865 17,977

CAPITAL AND RESERVES
Called up share capital 8 4 4
Fair value reserve 60,683 49,433
Retained earnings (30,822 ) (31,460 )
SHAREHOLDERS' FUNDS 29,865 17,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Ascot Park Limited (Registered number: 07334408)

Statement of Financial Position - continued
31 December 2024


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 6 June 2025 and were signed on its behalf by:





D J Smith - Director


Ascot Park Limited (Registered number: 07334408)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Ascot Park 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.

Income recognition
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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost

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.

Inventories
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.


Ascot Park Limited (Registered number: 07334408)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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 by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 by the year end.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 154,400 29,751 184,151
DEPRECIATION
At 1 January 2024 9,264 23,021 32,285
Charge for year 1,544 6,730 8,274
At 31 December 2024 10,808 29,751 40,559
NET BOOK VALUE
At 31 December 2024 143,592 - 143,592
At 31 December 2023 145,136 6,730 151,866

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 175,000
Revaluations 15,000
At 31 December 2024 190,000
NET BOOK VALUE
At 31 December 2024 190,000
At 31 December 2023 175,000

Ascot Park Limited (Registered number: 07334408)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 190,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,532
Other debtors 6,042 128,000
6,042 131,532

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 10
Amounts owed to group undertakings 641,651 667,058
Taxation and social security 4,772 4,939
Other creditors 5,983 3,483
652,406 675,490

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary A £1 2 2
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
4 4