Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false2024-01-01truesupply wholesale chemicals to oil and lubricant manufacturers and fuel refineries12truetrue 06963493 2024-01-01 2024-12-31 06963493 2023-01-01 2023-12-31 06963493 2024-12-31 06963493 2023-12-31 06963493 2023-01-01 06963493 c:Director1 2024-01-01 2024-12-31 06963493 c:RegisteredOffice 2024-01-01 2024-12-31 06963493 d:CurrentFinancialInstruments 2024-12-31 06963493 d:CurrentFinancialInstruments 2023-12-31 06963493 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06963493 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06963493 d:ShareCapital 2024-12-31 06963493 d:ShareCapital 2023-12-31 06963493 d:ShareCapital 2023-01-01 06963493 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 06963493 d:RetainedEarningsAccumulatedLosses 2024-12-31 06963493 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 06963493 d:RetainedEarningsAccumulatedLosses 2023-12-31 06963493 d:RetainedEarningsAccumulatedLosses 2023-01-01 06963493 c:OrdinaryShareClass1 2024-01-01 2024-12-31 06963493 c:OrdinaryShareClass1 2024-12-31 06963493 c:OrdinaryShareClass1 2023-12-31 06963493 c:EntityNoLongerTradingButTradedInPast 2024-01-01 2024-12-31 06963493 c:FRS102 2024-01-01 2024-12-31 06963493 c:Audited 2024-01-01 2024-12-31 06963493 c:FullAccounts 2024-01-01 2024-12-31 06963493 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06963493 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06963493 2 2024-01-01 2024-12-31 06963493 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 06963493












ASHDOWNE OIL & CHEMICAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 

ASHDOWNE OIL & CHEMICAL LIMITED

CONTENTS



Page
Company information
 
1
Balance sheet
 
2
Statement of changes in equity
 
3
Notes to the financial statements
 
4 - 9


 

ASHDOWNE OIL & CHEMICAL LIMITED
 
COMPANY INFORMATION


Director
I Pennington 




Registered number
06963493



Registered office
Westminster House
10 Westminster Road

Macclesfield

SK10 1BX




Independent auditor
Blick Rothenberg Audit LLP
Chartered Accountants & Statutory Auditor

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:06963493
ASHDOWNE OIL & CHEMICAL LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
-
573,014

Debtors: amounts falling due within one year
 4 
100
5,020,319

Cash at bank and in hand
  
-
186,244

  
100
5,779,577

Creditors: amounts falling due within one year
 5 
-
(1,835,979)

Net current assets
  
 
 
100
 
 
3,943,598

Total assets less current liabilities
  
100
3,943,598

  

Net assets
  
100
3,943,598


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
-
3,943,498

Total equity
  
100
3,943,598


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




I Pennington
Director

Date: 16 July 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 

ASHDOWNE OIL & CHEMICAL LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2023
100
3,430,617
3,430,717


Comprehensive income for the year

Profit for the financial year
-
630,856
630,856


Contributions by and distributions to owners

Dividends: Equity capital
-
(117,975)
(117,975)



At 1 January 2024
100
3,943,498
3,943,598


Contributions by and distributions to owners

Dividends: Equity capital
-
(3,943,498)
(3,943,498)


At 31 December 2024
100
-
100


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 

ASHDOWNE OIL & CHEMICAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Ashdowne Oil & Chemical Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is  Westminster House, 10 Westminster Road, Macclesfield, SK10 1BX.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

  
2.2

Going concern

On 1 January 2024, a decision was made to transfer the trade and assets of the company to the parent company, Lehvoss UK Limited. The company ceased to trade from this date and is now dormant (within the meaning of section 480 of the Companies Act 2006).

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 

ASHDOWNE OIL & CHEMICAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 

ASHDOWNE OIL & CHEMICAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

  
2.8

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 
Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Financial liabilities
Basic financial liabilities, including trade and other creditors and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 
For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. 
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
 
Page 6

 

ASHDOWNE OIL & CHEMICAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. 
Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.












 

Page 7

 

ASHDOWNE OIL & CHEMICAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 2).


4.


Debtors

2024
2023
£
£


Trade debtors
-
2,223,158

Amounts owed by group undertakings
100
2,792,132

Other debtors
-
1,000

Prepayments and accrued income
-
4,029

100
5,020,319


Amounts owed by group undertakings are interest free, have no fixed repayment date and are repayable on demand. 


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
1,451,755

Corporation tax
-
205,213

Other taxation and social security
-
173,802

Other creditors
-
209

Accruals and deferred income
-
5,000

-
1,835,979


Page 8

 

ASHDOWNE OIL & CHEMICAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares shares of £1.00 each
100
100



7.


Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024
2023
        £
        £
Mr A Ball

Balance outstanding at start of year

-

497

Amounts repaid

-

(497)

Balance outstanding at end of year

-

-



8.


Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group. 


9.


Parent undertaking

The immediate parent undertaking is Lehvoss UK Limited.
The parent undertaking of the smallest group of undertakings for which group financial statements are drawn up and of which the company is a member is Lehmann & Voss & Co. KG, whose registered office is Alsterufer 19, D - 20354 Hamburg, Germany. Copies of these group financial statements are available to the public from www.unternehmensregister.de.
In the opinion of the director there is no ultimate controlling party. 


10.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 16 July 2025 by Nils Schmidt-Soltau FCA (senior statutory auditor) on behalf of Blick Rothenberg Audit LLP.

 
Page 9