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REGISTERED NUMBER: 15276002 (England and Wales)















Unaudited Financial Statements

for the Period 10th November 2023 to 30th November 2024

for

Ashprop Ltd

Ashprop Ltd (Registered number: 15276002)






Contents of the Financial Statements
for the Period 10th November 2023 to 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ashprop Ltd

Company Information
for the Period 10th November 2023 to 30th November 2024







DIRECTORS: N P M F Asheshov
Mrs N S J F Asheshov





REGISTERED OFFICE: 34-35 Clarges Street
London
W1J 7EJ





REGISTERED NUMBER: 15276002 (England and Wales)





ACCOUNTANTS: Sampson Fielding Ltd
34 - 35 Clarges Street
Mayfair
London
W1J 7EJ

Ashprop Ltd (Registered number: 15276002)

Balance Sheet
30th November 2024

Notes £    £   
FIXED ASSETS
Investments 4 -
Investment property 5 2,145,000
2,145,000

CURRENT ASSETS
Debtors 6 3,284
Cash at bank 30,285
33,569
CREDITORS
Amounts falling due within one year 7 610,138
NET CURRENT LIABILITIES (576,569 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,568,431

ACCRUALS AND DEFERRED INCOME 4,800
NET ASSETS 1,563,631

CAPITAL AND RESERVES
Called up share capital 100
Other reserves 8 1,542,649
Retained earnings 8 20,882
1,563,631

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30th November 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 8th August 2025 and were signed on its behalf by:





Mrs N S J F Asheshov - Director


Ashprop Ltd (Registered number: 15276002)

Notes to the Financial Statements
for the Period 10th November 2023 to 30th November 2024

1. STATUTORY INFORMATION

Ashprop 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Ashprop Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
investments in subsidiary undertakings are recognised at cost less impairment.

Investment property
Investment property is initially recognised at its purchase price. It is subsequently measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. Fair value is derived from the current market rents and investment property yields for comparable properties.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditor and loans from related parties.

Taxation
Taxation for the period 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 period 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 period was 2 .

Ashprop Ltd (Registered number: 15276002)

Notes to the Financial Statements - continued
for the Period 10th November 2023 to 30th November 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
Additions 1,542,749
Revaluations (1,542,749 )
At 30th November 2024 -
NET BOOK VALUE
At 30th November 2024 -

Cost or valuation at 30th November 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2024 (1,542,749 )
Cost 1,542,749

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 10th November 2023
and 30th November 2024 2,145,000
NET BOOK VALUE
At 30th November 2024 2,145,000
At 9th November 2023 2,145,000

Fair value at 30th November 2024 is represented by:
£   
Valuation in 2024 2,145,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 3,284

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 4,898
Other creditors 605,240
610,138

Ashprop Ltd (Registered number: 15276002)

Notes to the Financial Statements - continued
for the Period 10th November 2023 to 30th November 2024

8. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

Profit for the period 20,882 20,882
Share for share exchange - 1,542,649 1,542,649
Write off intercompany balance - 1,542,649 1,542,649
Write down investment - (1,542,649 ) (1,542,649 )
At 30th November 2024 20,882 1,542,649 1,563,531

On 10 November 2023, as part of a group reconstruction, the Company was introduced as the new parent undertaking of AUK Holdings Ltd (AUK) via a share-for-share exchange. The shareholders of AUK exchanged their shares for shares in the Company, such that the ultimate ownership remained unchanged. This transaction has been accounted for in accordance with the principles of merger accounting.

As a result of the share-for-share exchange, the Company initially recognised an investment in AUK with a corresponding merger reserve in equity.

Subsequently, the trade and assets of AUK, were transferred to the Company at their carrying values, creating an intercompany balance. This intercompany balance has been eliminated through a write-off, as no repayment is expected. In addition, the investment in AUK has been written down to nil to reflect the capital nature of the reorganisation.

These adjustments have been recognised directly in equity, within the merger reserve, and have not impacted the profit or loss for the year.

9. RELATED PARTY DISCLOSURES

At the balance sheet date the Company owed £405,240 to N S J F Asheshov, a director of the company.
At the balance sheet date the Company owed £200,000 to N P M F Asheshov, a director of the company.