Lewis Ashley Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04660414 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th September 2024

for

Lewis Ashley Developments Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

L C Cator

L A Cator

REGISTERED OFFICE:

Unit 5A Brooksbank Industrial Estate

Tower House Lane

Hull

East Yorkshire

HU12 8EE

REGISTERED NUMBER:

04660414 (England and Wales)

ACCOUNTANTS:

Sadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

BANKERS:

Santander UK plc

6-8 King Edward Street

Hull

East Yorkshire

HU1 3SS

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,337

1,573

Investments

6

99

Investment property

7

1,972,492

1,973,928

1,974,164

CURRENT ASSETS

Stocks

330,396

Debtors

343,873

37,620

Cash at bank

1,076

3,977

675,345

371,993

CREDITORS

Amounts falling due within one year

429,940

445,045

NET CURRENT ASSETS/(LIABILITIES)

245,405

(73,052

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,219,333

1,901,112

CREDITORS

Amounts falling due after more than one
year

8

(454,755

)

(491,107

)

PROVISIONS FOR LIABILITIES

(4,894

)

(4,359

)

NET ASSETS

1,759,684

1,405,646

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

1,759,584

1,405,546

SHAREHOLDERS' FUNDS

1,759,684

1,405,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th September 2025 and were signed on its behalf by:

L C Cator - Director

1.	STATUTORY INFORMATION

Lewis Ashley Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Lewis Ashley Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

over the period of the lease

Plant and machinery etc

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st October 2023

and 30th September 2024

1

AMORTISATION

At 1st October 2023

and 30th September 2024

1

NET BOOK VALUE

At 30th September 2024

-

At 30th September 2023

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st October 2023

and 30th September 2024

7,002

DEPRECIATION

At 1st October 2023

5,429

Charge for year

236

At 30th September 2024

5,665

NET BOOK VALUE

At 30th September 2024

1,337

At 30th September 2023

1,573

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st October 2023

and 30th September 2024

99

NET BOOK VALUE

At 30th September 2024

99

At 30th September 2023

99

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st October 2023

and 30th September 2024

1,972,492

NET BOOK VALUE

At 30th September 2024

1,972,492

At 30th September 2023

1,972,492

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

2024

2023

£

Repayable by instalments

Bank loans - 5+ years

327,481

357,667

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

492,133

524,351

The company's bank loans and overdraft facility are secured by way of fixed and floating charges over the company's assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lewis Ashley Developments Limited for the year ended 30th September 2024 which comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lewis Ashley Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lewis Ashley Developments Limited and state those matters that we have agreed to state to the Board of Directors of Lewis Ashley Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lewis Ashley Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lewis Ashley Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lewis Ashley Developments Limited. You consider that Lewis Ashley Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lewis Ashley Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

29th September 2025