REGISTERED NUMBER: 08751021 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ASHMEAD INVESTMENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

P Millington

C A Millington

Registered office:

10 Stadium Business Court

Millenium Way

Pride Park

Derby

DE24 8HP

Registered number:

08751021 (England and Wales)

Accountants:

TC Group

10 Stadium Business Court

Millennium Way

Pride Park

Derby

Derbyshire

DE24 8HP

Fixed assets

Tangible assets

5

241,304

180,253

Investments

6

299,746

275,782

Investment property

7

1,618,457

1,604,802

2,159,507

2,060,837

Current assets

Debtors

8

816,123

1,157,216

Cash at bank

2,329,712

1,621,290

3,145,835

2,778,506

Creditors

Amounts falling due within one year

9

(37,031

)

(23,610

)

Net current assets

3,108,804

2,754,896

Total assets less current liabilities

5,268,311

4,815,733

Provisions for liabilities

(6,917

)

(927

)

Net assets

5,261,394

4,814,806

Capital and reserves

Called up share capital

10

4,004

4,004

Retained earnings

5,257,390

4,810,802

Shareholders' funds

5,261,394

4,814,806

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 24 September 2025 and were signed on its behalf by:

P Millington - Director

1.	STATUTORY INFORMATION

Ashmead Investments 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Equipment

-

33% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

Cost

At 1 January 2024

68,781

10,459

246,855

3,106

329,201

Additions

-

499

166,349

-

166,848

Disposals

-

-

(63,449

)

-

(63,449

)

At 31 December 2024

68,781

10,958

349,755

3,106

432,600

Depreciation

At 1 January 2024

35,746

2,935

109,232

1,035

148,948

Charge for year

9,831

2,406

49,249

690

62,176

Eliminated on disposal

-

-

(19,828

)

-

(19,828

)

At 31 December 2024

45,577

5,341

138,653

1,725

191,296

Net book value

At 31 December 2024

23,204

5,617

211,102

1,381

241,304

At 31 December 2023

33,035

7,524

137,623

2,071

180,253

6.	FIXED ASSET INVESTMENTS

Shares in

participating

Listed

interests

investments

Totals

£

£

£

Cost or valuation

At 1 January 2024

1,000

274,782

275,782

Revaluations

-

23,964

23,964

At 31 December 2024

1,000

298,746

299,746

Net book value

At 31 December 2024

1,000

298,746

299,746

At 31 December 2023

1,000

274,782

275,782

The historical cost of the investment bond held at the year end was £200,000.

7.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 January 2024

1,604,802

Additions

13,655

At 31 December 2024

1,618,457

Net book value

At 31 December 2024

1,618,457

At 31 December 2023

1,604,802

The historical cost of the investment property held at the year end was £1,689,534 (2023: £1,675,879).

Fair value at 31 December 2024 is represented by:

£

Valuation in 2023

(71,077

)

Cost

1,689,534

1,618,457

8.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

356,259

373,966

Other debtors

15,648

20,269

Directors' loan accounts

36,715

278,307

Prepayments

1,253

1,256

409,875

673,798

2024

2023

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

318,724

388,909

Other debtors

87,524

94,509

406,248

483,418

Aggregate amounts

816,123

1,157,216

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Tax

31,935

19,523

VAT

3,556

3,087

Accruals and deferred income

1,540

1,000

37,031

23,610

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal Value:

2024

2023

2,000

A Ordinary

£1

2,000

2,000

2

Preferred A Ordinary

£1

2

2

1

Preferred B Ordinary

£1

1

1

1

Preferred C Ordinary

£1

1

1

1,000

B Ordinary

£1

1,000

1,000

1,000

C Ordinary

£1

1,000

1,000

4,004

4,004

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

P Millington

Balance outstanding at start of year

278,307

230,347

Amounts advanced

46,408

286,039

Amounts repaid

(288,000

)

(238,079

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

36,715

278,307

It is company policy to charge interest on all overdrawn loan accounts at HMRC official rate of interest. The amount owed at the year end in respect of the above loans was £7,084 (2023: £8,455).

12.	RELATED PARTY DISCLOSURES

During the year the company received dividends from its participating undertaking Mantawin Limited of £776,250 (2023: £470,000).