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Company Registration No. 13222724 (England and Wales)
Ascott Property Limited Unaudited accounts for the year ended 28 February 2025
Ascott Property Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ascott Property Limited Company Information for the year ended 28 February 2025
Director
Ronald Wai Chun SOON
Company Number
13222724 (England and Wales)
Registered Office
4 Charlotte Mews Newcastle Upon Tyne NE1 4XH England
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Ascott Property Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
220,000
220,000
Current assets
Cash at bank and in hand
6,238
6,238
Creditors: amounts falling due within one year
5
(224,685)
(218,443)
Net current liabilities
(218,447)
(212,205)
Net assets
1,553
7,795
Capital and reserves
Called up share capital
1
1
Profit and loss account
1,552
7,794
Shareholders' funds
1,553
7,795
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 April 2025 and were signed on its behalf by
Ronald Wai Chun SOON Director Company Registration No. 13222724
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Ascott Property Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Ascott Property Limited is a private company, limited by shares, registered in England and Wales, registration number 13222724. The registered office is 4 Charlotte Mews, Newcastle Upon Tyne, NE1 4XH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 March 2024
220,000
At 28 February 2025
220,000
Depreciation
At 28 February 2025
-
Net book value
At 28 February 2025
220,000
At 29 February 2024
220,000
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
-
1,162
Loans from directors
223,980
216,576
Accruals
705
705
224,685
218,443
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Ascott Property Limited Notes to the Accounts for the year ended 28 February 2025
6
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Ronald Wai Chun SOON
Directors Current Account
(216,576)
(15,504)
(8,100)
(223,980)
(216,576)
(15,504)
(8,100)
(223,980)
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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