REGISTERED NUMBER: 01661179 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ASHBOLT LTD

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Tangible assets

4

4,508,446

4,507,420

Investments

5

220,905

220,905

4,729,351

4,728,325

Current assets

Debtors

6

202,613

40,706

Cash at bank

19,178

55,584

221,791

96,290

Creditors

Amounts falling due within one year

7

363,815

305,794

Net current liabilities

(142,024

)

(209,504

)

Total assets less current liabilities

4,587,327

4,518,821

Creditors

Amounts falling due after more than one year

8

(1,480,696

)

(1,308,229

)

Provisions for liabilities

10

(192,866

)

(193,435

)

Net assets

2,913,765

3,017,157

Capital and reserves

Called up share capital

11

200

200

Fair value reserve

12

2,589,227

2,589,227

Retained earnings

324,338

427,730

Shareholders' funds

2,913,765

3,017,157

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 director acknowledges her 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Mrs C B Dance - Director

1.	Statutory information

Ashbolt Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01661179. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH, and business address is 6 Storm, 85 Banks Road, Poole, Dorset, BH13 7PP.

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.

Turnover

Turnover represents amounts receivable, excluding value added tax, in respect of rents from investments properties, generated in the ordinary course of business.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Investment properties, for which fair value can be measured reliably, are measured at fair value. Revaluations will take place with sufficient regularity to ensure a true and fair view, with changes in fair value recognised in profit or loss.

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Tangible fixed assets

Fixtures

Investment

and

property

fittings

Totals

£

£

£

Cost or valuation

At 1 January 2024

4,503,929

85,476

4,589,405

Additions

-

1,823

1,823

At 31 December 2024

4,503,929

87,299

4,591,228

Depreciation

At 1 January 2024

-

81,985

81,985

Charge for year

-

797

797

At 31 December 2024

-

82,782

82,782

Net book value

At 31 December 2024

4,503,929

4,517

4,508,446

At 31 December 2023

4,503,929

3,491

4,507,420

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Investment

and

property

fittings

Totals

£

£

£

Valuation in 2014

1,821,391

-

1,821,391

Valuation in 2016

24,919

-

24,919

Valuation in 2017

161

-

161

Valuation in 2019

408,585

-

408,585

Valuation in 2022

529,443

-

529,443

Valuation in 2023

(2,500

)

-

(2,500

)

Cost

1,721,930

87,299

1,809,229

4,503,929

87,299

4,591,228

If investment property had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

1,721,930

1,721,930

Value of land in freehold land and buildings

1,721,930

1,721,930

Investment Property is stated at revalued cost. It was revalued in 2022 using a value obtained from independent third party valuers, and the directors consider that this continues to accurately represent a fair value. Future revaluations will take place with sufficient regularity to ensure a true and fair view, with all movement in fair value being recorded through the statement of comprehensive income.

5.	Fixed asset investments

Interest

in

associate

£

Cost

At 1 January 2024

and 31 December 2024

220,905

Net book value

At 31 December 2024

220,905

At 31 December 2023

220,905

The company's investments at the Balance sheet date in the share capital of companies include the following:

Associated company

Barford Finance Ltd

Registered office: England and Wales

Nature of business: Financial Investment

%

Class of shares:

holding

Ordinary and Preference

50.00

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

8,250

9,399

Other debtors

187,803

25,403

Directors' current accounts

5,420

-

VAT

-

4,072

Prepayments

1,140

1,832

202,613

40,706

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

27,000

25,000

Trade creditors

79,937

82,897

Tax

-

1,068

VAT

4,639

-

Other creditors

225,000

175,000

Directors' current accounts

-

932

Accruals and deferred income

27,239

20,897

363,815

305,794

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans - 1-2 years

32,000

30,000

Bank loans - 2-5 years

1,448,696

1,278,229

1,480,696

1,308,229

9.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

1,507,696

1,333,229

All monies owing to Lloyds Bank PLC are secured by way of legal charges over all the assets of the company.

10.	Provisions for liabilities

2024

2023

£

£

Deferred tax

Accelerated capital allowances

192,866

193,435

Deferred

tax

£

Balance at 1 January 2024

193,435

Accelerated capital allowances

195

Tax losses

(764

)

Balance at 31 December 2024

192,866

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

132

Ordinary

£1

132

132

68

Ordinary 'A' Shares

£1

68

68

200

200

During the prior period 68 of the Ordinary Shares were re-designated to Ordinary 'A' Shares.

12.

Reserves

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

2,589,227

13.	Director's 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

£

£

Mrs C B Dance

Balance outstanding at start of year

-

-

Amounts advanced

5,420

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,420

-

At the balance sheet date the Director owed the company £5,420. The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

14.	Related party disclosures

Within other creditors is a balance of £225,000 (2023 - £175,000) which is owed to an associated company.

The amount outstanding is interest free and repayable on demand.

15.	Ultimate controlling party

The company is under the control of the director, Mrs C Dance, by virtue of her 34% holding of the issued share capital of the company, and her position as Trustee of The Kemp Stapleton Trust which owns the remaining 66% of the issued share capital of the company.