Ashley Hotels Andover Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08682096

Ashley Hotels Andover Limited

Filleted Financial Statements

For the year ended

31 December 2024

Ashley Hotels Andover Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	1,904,461	1,944,497

Current assets

Debtors	6	1,570,649	1,688,384
Cash at bank and in hand		8,436	31,490
		------------	------------
		1,579,085	1,719,874

Creditors: amounts falling due within one year	7	85,363	1,603,740
		------------	------------
Net current assets		1,493,722	116,134
		------------	------------
Total assets less current liabilities		3,398,183	2,060,631

Creditors: amounts falling due after more than one year	8	1,312,458	–
		------------	------------
Net assets		2,085,725	2,060,631
		------------	------------

Capital and reserves

Called up share capital	100	100
Share premium account	1,427,604	1,427,604
Profit and loss account	658,021	632,927
	------------	------------
Shareholders funds	2,085,725	2,060,631
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Z Hirji

Director

Company registration number: 08682096

Ashley Hotels Andover Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 65-67 Belgrave Road, London, SW1V 2BG. The company's principal trading address is Ashley Court Hotel, Micheldever Road, Andover, SP11 6LA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

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. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: 1 Depreciation charge The annual depreciation charge for each class of tangible fixed asset is based on an estimate of the useful economic life of the respective assets. This is reviewed periodically by the directors to ensure that they reflect both the external and internal factors. 2 Cost of Land The Land has been included at a cost estimated by the directors. 3 Deferred Tax Deferred Tax has been calculated at 25% on the basis that this is the rate of corporation tax for the foreseeable future.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	15% straight line
Fixtures and fittings	-	15% straight line

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2023: 13 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 January 2024 and 31 December 2024	2,297,287	71,558	155,023	2,523,868
	------------	--------	---------	------------
Depreciation
At 1 January 2024	358,531	69,550	151,290	579,371
Charge for the year	35,946	761	3,329	40,036
	------------	--------	---------	------------
At 31 December 2024	394,477	70,311	154,619	619,407
	------------	--------	---------	------------
Carrying amount
At 31 December 2024	1,902,810	1,247	404	1,904,461
	------------	--------	---------	------------
At 31 December 2023	1,938,756	2,008	3,733	1,944,497
	------------	--------	---------	------------

Included in freehold property is land of £500,000 (2023 £500,000) which is not depreciated.

6. Debtors

	2024	2023
	£	£
Trade debtors	2,109	–
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,526,589	1,644,839
Other debtors	41,951	43,545
	------------	------------
	1,570,649	1,688,384
	------------	------------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	18,453	1,345,049
Trade creditors	34,226	57,423
Social security and other taxes	14,320	84,501
Other creditors	18,364	116,767
	--------	------------
	85,363	1,603,740
	--------	------------

The bank borrowings are secured by a legal charge against the company's freehold property. The company is also bound by an all asset debenture and a partial personal guarantee by the directors.

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	1,312,458	–
	------------	----

The bank borrowings are secured by a legal charge against the company's freehold property. The company is also bound by an all asset debenture and a partial personal guarantee by the directors.

9. Summary audit opinion

The auditor's report dated 29 September 2025 was unqualified .

The senior statutory auditor was Jonathan Day , for and on behalf of Streets Audit LLP .

10. Related party transactions

The company has taken advantage of the exemption available under FRS102 from reporting transactions with its parent company.

11. Controlling party

The ultimate and immediate parent company is Ashley Hotels (Holdings) Limited, a company registered in England and Wales. The address of the registered office is 65-67 Belgrave Road, London, SW1V 2BG. Copies of the consolidated financial statements of Ashley Hotels (Holdings) Limited may be obtained from the registered office. There is no ultimate controlling party.