Registered number
08855498
ASCOE Properties Ltd
Unaudited Filleted Accounts
31 January 2025
Smithfield Accountants LLP
Chartered Accountants
Suite 1, Unit 2, Stansted Courtyard
Parsonage Road, Takeley, Essex, CM222 6PU
ASCOE Properties Ltd
Registered number: 08855498
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 5 2,458,645 2,459,394
Current assets
Stock and Work In Progress 1,438,968 3,307,772
Debtors 6 1,601,935 102,734
Cash at bank and in hand 2,515,696 1,758,516
5,556,599 5,169,022
Creditors: amounts falling due within one year 7 (202,026) (123,454)
Net current assets 5,354,573 5,045,568
Total assets less current liabilities 7,813,218 7,504,962
Creditors: amounts falling due after more than one year 8 (8,927,542) (8,986,928)
Net liabilities (1,114,324) (1,481,966)
Capital and reserves
Called up share capital 9 99 99
Profit and loss account 10 (1,114,423) (1,482,065)
Shareholders' funds (1,114,324) (1,481,966)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account and directors' report have not been delivered to the Registrar of Companies.
A J Burke
Director
Approved by the board on 17 June 2025
ASCOE Properties Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents net invoiced sales, excluding VAT, and including Work In Progress.
Rental income
Rent represents the amount receivable by the company for property letting.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Invesment properties Not provided
Plant and machinery 10% written down value
Investment properties are shown at cost
Stocks and work in progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Operating profit 2025 2024
£ £
This is stated after charging:
Professional fees 103,112 54,125
3 Wages and NI
Gross wages 117,353 96,564
Employer's NI 5,730 4,677
123,083 101,241
The average number of employees during the year was: 3 3
4 Taxation 2025 2024
£ £
UK corporation tax charge/(refund) at 25% 122,410 51,310
Prior year adjustment - 415
122,410 51,725
5 Tangible fixed assets
Land and buildings Plant and machinery Investment properties Total
£ £ £ £
Cost
At 1 February 2024 - 17,390 2,451,909 2,469,299
Additions - - - -
Disposals - - - -
At 31 January 2025 - 17,390 2,451,909 2,469,299
Depreciation
At 1 February 2024 - 9,905 - 9,905
Charge for the year - 749 - 749
On disposals - - - -
At 31 January 2025 - 10,654 - 10,654
Net book value
At 31 January 2025 - 6,736 2,451,909 2,458,645
At 31 January 2024 - 7,485 2,451,909 2,459,394
6 Debtors 2025 2024
£ £
Loan facility to unconnected company 1,599,104 100,000
Other debtors 2,831 2,734
1,601,935 102,734
Amounts due after more than one year included above 1,599,104 100,000
The loan attracts interest at 8%.
7 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 122,310 51,310
Deferred income 67,624 65,655
Other creditors 12,092 6,489
202,026 123,454
8 Creditors: amounts falling due after one year 2025 2024
£ £
Shareholders' loan 8,659,580 8,659,580
Directors' loan 267,962 327,348
8,927,542 8,986,928
The directors' loan and the shareholders' loan are interest free and repayable in one year and one day. The amounts have not been discounted as the effects of discounting are immaterial to the accounts.
9 Share capital Nominal 2025 2025 2024
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 99 99 99
10 Profit and loss account 2025 2024
£ £
At 1 February 2024 (1,482,065) 693,430
Profit/(loss) for the year 367,642 (2,175,495)
At 31 January 2025 (1,114,423) (1,482,065)
11 Loans 2025 2024
£ £
Creditors include:
Amounts falling due for payment within 2 to 5 years 8,927,542 8,986,928
Amounts falling due for paymentin more than 5 years - -
8,927,542 8,986,928
12 Related party transactions
Mr A Burke and Mrs S Burke
Directors
The directors have loaned funds to the company.
Amount due to the related party 267,962 327,348
The company has a lease with The Royal Oak (Sevenoaks) Ltd in respect of its 100% (2020 - 100%) interest in the freehold of the hotel. Mr A Burke owns 100% of the ordinary share capital of The Royal Oak (Sevenoaks) Ltd, and is a director of the company.
Mr C Burke, Miss O Burke and Miss E Burke
Shareholders
The shareholders have loaned funds to the company.
Amount due to the related party 8,659,580 8,659,580
At 31st January 2019, the directors gifted a loan of £7,659,580 to the company to the shareholders Mr C Burke, Miss O Burke and Miss E Burke.

At 31st January 2024, the directors gifted an additional £1,000,000 of their loan to the company to the shareholders Mr C Burke, Miss O Burke and Miss E Burke.
Vine Meats Ltd
Company under same directorship as ASCOE Properties Ltd.
ASCOE Properties Ltd is the landlord for the related party.
Rent charged to related party on commercial basis 107,416 104,288
13 Other information
ASCOE Properties Ltd is a private company limited by shares and incorporated in England. Its registered office and princiapl place of business is:
Hall Place
Stone Street
Seal
Sevenoaks
Kent TN15 0LG
14 Presentation currency
The accounts are presented in British Pounds Sterling.
15 Controlling party
The company is controlled by its members. No one person or entity has a controlling stake in the company.
ASCOE Properties Ltd 08855498 false 2024-02-01 2025-01-31 2025-01-31 VT Final Accounts April 2025 A J Burke No description of principal activity 08855498 2023-02-01 2024-01-31 08855498 core:WithinOneYear 2024-01-31 08855498 core:AfterOneYear 2024-01-31 08855498 core:ShareCapital 2024-01-31 08855498 core:RetainedEarningsAccumulatedLosses 2024-01-31 08855498 core:MoreThanFiveYears 2024-01-31 08855498 2024-02-01 2025-01-31 08855498 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 08855498 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 08855498 bus:Director40 2024-02-01 2025-01-31 08855498 1 2024-02-01 2025-01-31 08855498 2 2024-02-01 2025-01-31 08855498 core:LandBuildings 2024-02-01 2025-01-31 08855498 core:PlantMachinery 2024-02-01 2025-01-31 08855498 core:Vehicles 2024-02-01 2025-01-31 08855498 bus:FRS102 2024-02-01 2025-01-31 08855498 bus:FilletedAccounts 2024-02-01 2025-01-31 08855498 2025-01-31 08855498 core:WithinOneYear 2025-01-31 08855498 core:AfterOneYear 2025-01-31 08855498 core:ShareCapital 2025-01-31 08855498 core:RetainedEarningsAccumulatedLosses 2025-01-31 08855498 core:LandBuildings 2025-01-31 08855498 core:PlantMachinery 2025-01-31 08855498 core:Vehicles 2025-01-31 08855498 core:MoreThanFiveYears 2025-01-31 08855498 2024-01-31 08855498 core:LandBuildings 2024-01-31 08855498 core:PlantMachinery 2024-01-31 08855498 core:Vehicles 2024-01-31 iso4217:GBP xbrli:pure