REGISTERED NUMBER: 10132454 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ASHDEL LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investment property

4

2,986,280

2,844,540

CURRENT ASSETS

Debtors

5

7,544

7,833

Cash at bank

81,126

19,037

88,670

26,870

CREDITORS

Amounts falling due within one year

6

424,179

247,041

NET CURRENT LIABILITIES

(335,509

)

(220,171

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,650,771

2,624,369

CREDITORS

Amounts falling due after more than one year

7

(1,270,583

)

(1,443,106

)

PROVISIONS FOR LIABILITIES

10

(94,221

)

(58,786

)

NET ASSETS

1,285,967

1,122,477

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

287,486

181,181

Retained earnings

998,480

941,295

1,285,967

1,122,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 September 2025 and were signed by:

J K Dalberg - Director

1.	STATUTORY INFORMATION

Ashdel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10132454

Registered office:

15 West Street

Brighton

East Sussex

BN1 2RL

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.

Turnover

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

Turnover represents rents received by properties owned by the company.

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 and then transferred to a fair value reserve.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

3.

EMPLOYEES

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,844,540

Revaluations

141,740

At 31 March 2025

2,986,280

NET BOOK VALUE

At 31 March 2025

2,986,280

At 31 March 2024

2,844,540

Fair value at 31 March 2025 is represented by:

£

Valuation in 2020

8,691

Valuation in 2023

166,736

Valuation in 2024

64,540

Valuation in 2025

141,740

Cost

2,604,573

2,986,280

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,290

131

Other debtors

6,254

7,702

7,544

7,833

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,084

5,352

Taxation and social security

17,216

7,275

Other creditors

405,879

234,414

424,179

247,041

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

1,270,583

1,443,106

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,270,583

1,443,106

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,270,583

1,443,106

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,270,583

1,443,106

The loans are secured by way of fixed and floating charges against the investment properties.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

94,221

58,786

Deferred

tax

£

Balance at 1 April 2024

58,786

Provided during year

35,435

Balance at 31 March 2025

94,221

11.	RELATED PARTY DISCLOSURES

Individuals

£

Opening balance

150,000

Amounts advanced

6,000

Amounts repaid

(6,000

)

Closing balance

150,000

In a previous financial year, £150,000 was loaned to the company by family members of the sole director and shareholder. The loan carries interest at an annual rate of 4%, is unsecured and repayable on demand.

These balances are included in creditors.