REGISTERED NUMBER: 04449733 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KEITH ASHTON ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M G Reeve

N E Coyne

REGISTERED OFFICE:

c/o CBHC Ltd, Steeple House

Suite 3, First Floor

Church Lane

Chelmsford

Essex

CM1 1NH

REGISTERED NUMBER:

04449733 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

FIXED ASSETS

Intangible assets

4

140

47,474

Tangible assets

5

8,744

9,787

8,884

57,261

CURRENT ASSETS

Debtors

6

440,085

392,269

Cash at bank and in hand

10,685

3,796

450,770

396,065

CREDITORS

Amounts falling due within one year

7

597,091

504,965

NET CURRENT LIABILITIES

(146,321

)

(108,900

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(137,437

)

(51,639

)

CREDITORS

Amounts falling due after more than one year

8

(189,392

)

(220,554

)

PROVISIONS FOR LIABILITIES

(1,688

)

(1,860

)

NET LIABILITIES

(328,517

)

(274,053

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(328,519

)

(274,055

)

SHAREHOLDERS' FUNDS

(328,517

)

(274,053

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 18 September 2025 and were signed on its behalf by:

M G Reeve - Director

N E Coyne - Director

1.	STATUTORY INFORMATION

Keith Ashton Estates 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of 10 years.

Intangible assets

Computer software is being amortised at a rate of 15% reducing balance.

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 - 15% on reducing balance

Computer Equipment - 15% on reducing balance

Fixtures & Fittings - 15% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Going concern

At the balance sheet date, the company's liabilities were in excess of their assets. However, the directors give assurances that the company should stll be regarded as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

548,411

754

549,165

AMORTISATION

At 1 January 2024

501,102

589

501,691

Charge for year

47,309

25

47,334

At 31 December 2024

548,411

614

549,025

NET BOOK VALUE

At 31 December 2024

-

140

140

At 31 December 2023

47,309

165

47,474

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

76,761

Additions

499

At 31 December 2024

77,260

DEPRECIATION

At 1 January 2024

66,974

Charge for year

1,542

At 31 December 2024

68,516

NET BOOK VALUE

At 31 December 2024

8,744

At 31 December 2023

9,787

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Other debtors

440,085

392,269

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

56,456

71,250

Trade creditors

19,642

17,121

Taxation and social security

30,602

22,751

Other creditors

490,391

393,843

597,091

504,965

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

189,392

220,554

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date N Coyne owed the company £30,402 (2023: £23,348), and M Reeve owed the company £85,665 (2023: £78,612).

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed the following:

2024

2023

Core Properties Limited

48,929

48,929

Core Investments (Essex)

69,295

62,954

Legal Business Property Lawyers Limited

22,910

22,505

Ashton & Charters Limited

58,100

25,000

Pluslink Limited

96,411

96,411

These balances are included within other debtors

At the balance sheet date the company owed the following:

2024

2023

Mortgage Business Financial Advisers Limited

45,465

43,793

Keith Ashton Limited

13,193

25,678

H&H 1 Limited

25,000

25,000

These balances are included within other creditors

The directors hold an interest in all of the above companies.