Nailsea Ash Ltd

(Registration number: 15156568)
Balance Sheet as at 30 September 2024

	Note	2024 £
Fixed assets
Investment property	4	348,100
Current assets
Cash at bank and in hand		3,959
Creditors: Amounts falling due within one year	5	(351,227)
Net current liabilities		(347,268)
Net assets		832
Capital and reserves
Called up share capital	6	2
Profit and loss account		830
Total equity		832

Nailsea Ash Ltd

(Registration number: 15156568)
Balance Sheet as at 30 September 2024

For the financial period ending 30 September 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 period 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.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 11 September 2025 and signed on its behalf by:
 

.........................................

A D R Hurst
Director

Nailsea Ash Ltd

Notes to the Unaudited Financial Statements for the Period from 22 September 2023 to 30 September 2024

1	Statutory information

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

The address of its registered office is:
County Gates
Ashton Road
Bristol
BS3 2JH

2	Accounting policies

Summary of significant accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

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

Revenue recognition

Turnover represents amounts due from tenants in respect of rents arising in the period, net of VAT and any expected losses.

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Nailsea Ash Ltd

Notes to the Unaudited Financial Statements for the Period from 22 September 2023 to 30 September 2024

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4	Investment properties

	2024 £
Additions	348,100
At 30 September	348,100

The cost in the year is deemed by the director to be equivalent to the current market value of the property.

5

Creditors

	2024 £
Amounts falling due within one year
Accruals	1,034
Corporation tax	195
Directors' loan accounts	349,998
	351,227

The Directors' loan is unsecured, interest-free and repayable on demand.

Nailsea Ash Ltd

Notes to the Unaudited Financial Statements for the Period from 22 September 2023 to 30 September 2024

6	Share capital

Allotted, called up and fully paid shares

	2024
	No.	£
Ordinary shares of £1 each	2	2