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Registration number: 03470248

Ashvale Investments Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 November 2024

 

Ashvale Investments Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 8

 

Ashvale Investments Limited

Company Information

Directors

Mrs G Dean

Mr M Dean

Company secretary

Mrs G Dean

Registered office

36a Goring Road
Worthing
West Sussex
BN12 4AD

Accountants

Bolden & Long
Chartered Certified Accountants36a Goring Road
Goring-by-Sea
Worthing
West Sussex
BN12 4AD

 

Ashvale Investments Limited

(Registration number: 03470248)
Abridged Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

22,000

-

Tangible assets

5

2,710,708

2,710,885

 

2,732,708

2,710,885

Current assets

 

Cash at bank and in hand

 

31,515

60,988

Creditors: Amounts falling due within one year

(15,031)

(18,227)

Net current assets

 

16,484

42,761

Total assets less current liabilities

 

2,749,192

2,753,646

Creditors: Amounts falling due after more than one year

(1,036,372)

(1,033,780)

Net assets

 

1,712,820

1,719,866

Capital and reserves

 

Called up share capital

6

2

2

Revaluation reserve

1,621,426

1,621,426

Retained earnings

91,392

98,438

Shareholders' funds

 

1,712,820

1,719,866

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 August 2025 and signed on its behalf by:
 

.........................................
Mr M Dean
Director

 

Ashvale Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
36a Goring Road
Worthing
West Sussex
BN12 4AD
England

These financial statements were authorised for issue by the Board on 19 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Ashvale Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% reducing balance

Land and buildings

Nil

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Ashvale Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Ashvale Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

4

Intangible assets

Total
£

Cost or valuation

Additions acquired separately

22,000

At 30 November 2024

22,000

Amortisation

Carrying amount

At 30 November 2024

22,000

5

Tangible assets

Land and buildings
£

Office equipment
£

Total
£

Cost or valuation

At 1 December 2023

2,710,000

3,879

2,713,879

At 30 November 2024

2,710,000

3,879

2,713,879

Depreciation

At 1 December 2023

-

2,994

2,994

Charge for the year

-

177

177

At 30 November 2024

-

3,171

3,171

Carrying amount

At 30 November 2024

2,710,000

708

2,710,708

At 30 November 2023

2,710,000

885

2,710,885

Included within the net book value of land and buildings above is £2,710,000 (2023 - £2,710,000) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Freehold property was revalued on 30 June 2018. An independent valuer was not involved. .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2023 - £Nil).

6

Share capital

Allotted, called up and fully paid shares

 

Ashvale Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

7

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of 19,500.00 (2023 - 25,750.00) per each ordinary share

39,000

51,500

 

 

8

Related party transactions

 

Ashvale Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

9,060

9,060

Contributions paid to money purchase schemes

45,100

91,045

54,160

100,105