REGISTERED NUMBER: 00786999 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Ashbank Property Co Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

G T Dignan

R Dignan

Mrs E Dignan

Mrs I M Dignan

SECRETARY:

G T Dignan

REGISTERED OFFICE:

65 Higher Hillgate

Stockport

Cheshire

SK1 3HD

REGISTERED NUMBER:

00786999 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

2 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Tangible assets

4

532

1,064

Investment property

5

4,941,838

4,811,838

4,942,370

4,812,902

CURRENT ASSETS

Debtors

6

169,705

85,530

Cash at bank and in hand

1,078,049

983,081

1,247,754

1,068,611

CREDITORS

Amounts falling due within one year

7

171,908

142,727

NET CURRENT ASSETS

1,075,846

925,884

TOTAL ASSETS LESS CURRENT LIABILITIES

6,018,216

5,738,786

PROVISIONS FOR LIABILITIES

944,165

911,798

NET ASSETS

5,074,051

4,826,988

CAPITAL AND RESERVES

Called up share capital

180

180

Retained earnings

5,073,871

4,826,808

SHAREHOLDERS' FUNDS

5,074,051

4,826,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 3 September 2025 and were signed on its behalf by:

G T Dignan - Director

1.	STATUTORY INFORMATION

Ashbank Property Co 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.

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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

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 each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Investment property

Investment properties are shown at their most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.

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 or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

38,384

DEPRECIATION

At 1 April 2024

37,320

Charge for year

532

At 31 March 2025

37,852

NET BOOK VALUE

At 31 March 2025

532

At 31 March 2024

1,064

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

4,811,838

Revaluations

130,000

At 31 March 2025

4,941,838

NET BOOK VALUE

At 31 March 2025

4,941,838

At 31 March 2024

4,811,838

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

2,383,073

Valuation in 2022

1,000,000

Valuation in 2023

263,055

Valuation in 2025

130,000

Cost

1,165,710

4,941,838

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by associates

95,823

15,654

Other debtors

73,882

69,876

169,705

85,530

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,603

7,389

Taxation and social security

77,809

28,006

Other creditors

92,496

107,332

171,908

142,727

8.	RELATED PARTY DISCLOSURES

The company made recharges to associated companies under common control amounting to £42,000 (2024: £33,600).

At the year end date an amount of £68 (2024: £68) was owed by the associated companies and £95,755 (2024: £15,586) from the parent company.

9.	ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Ashbank Stockport Limited. The ultimate controlling parties are the directors of Ashbank Property Co Limited, who are also directors of Ashbank Stockport Limited.