REGISTERED NUMBER: 06968861 (England and Wales)

ASHBURTON GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S West-Harling MBE

Mr D O'Nions

Mr D Hosegrove

Mr J R Crabtree

REGISTERED OFFICE:

Old Exeter Road

Ashburton

Newton Abbot

Devon

TQ13 7LG

REGISTERED NUMBER:

06968861 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

7 Sandy Court

Ashleigh Way

Langage Business Park

Plymouth

Devon

PL7 5JX

FIXED ASSETS

Tangible assets

5

1,188,449

1,311,268

Investments

6

475,039

475,039

1,663,488

1,786,307

CURRENT ASSETS

Debtors

105,286

915,737

Cash at bank

126,427

103,186

231,713

1,018,923

CREDITORS

Amounts falling due within one year

1,062,985

1,892,458

NET CURRENT LIABILITIES

(831,272

)

(873,535

)

TOTAL ASSETS LESS CURRENT LIABILITIES

832,216

912,772

CREDITORS

Amounts falling due after more than one year

7

229,477

242,819

NET ASSETS

602,739

669,953

CAPITAL AND RESERVES

Called up share capital

111

111

Share premium

809

809

Retained earnings

601,819

669,033

SHAREHOLDERS' FUNDS

602,739

669,953

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 October 2025 and were signed on its behalf by:

Mr D O'Nions - Director

1.	STATUTORY INFORMATION

Ashburton Group 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.	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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Ashburton Group 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.

Tangible fixed assets

Freehold property is held at cost. This property is not depreciated because its value as shown in the accounts is expected to reflect the residual value of the property, unless any indication of impairment has been identified.

The property will be reviewed for any indication of impairment annually.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only 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. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated 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.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Investments

Fixed asset investments relate to investments in the subsidiary, and are stated at cost less any provision for any permanent diminution in value.

Investments are reviewed for impairment on an annual basis.

Provisions for liabilities

Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

1,311,268

Disposals

(122,819

)

At 31 January 2025

1,188,449

NET BOOK VALUE

At 31 January 2025

1,188,449

At 31 January 2024

1,311,268

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 February 2024

and 31 January 2025

475,039

NET BOOK VALUE

At 31 January 2025

475,039

At 31 January 2024

475,039

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more than 5 years

125,479

132,139

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

250,860

270,489

Bank loans represent the mortgage over the freehold property. The loan is therefore secured on the freehold property.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made loans to 4 of the directors, these were as follows;

One director was advanced amounts of £240 during the year (2024: £627) and repaid amounts of £1,340 (2024: £1,200). At the year end the director's loan account was overdrawn by £2,376 (2024: £3,476 overdrawn). The loan has been fully repaid within 9 months of the year end.

A second director was advanced amounts of £240 during the year (2024: £240) and repaid amounts of £240 (2024: £240). At the year end the director's loan account was overdrawn by £240 (2024: £240 overdrawn). The loan has been fully repaid within 9 months of the year end.

The third director with a loan outstanding, has amounts advanced of £577 (2024: £16,233) during the year and repaid amounts £30,679 (2024: £563). At the year end the director's loan account was not overdrawn (2024: £9,192 overdrawn).

The fourth director with a loan outstanding, has amounts advanced of £35,287 (2024: £56,771) during the year and repaid amounts £65,587 (2024: £43,754). At the year end the director's loan account was not overdrawn (2024: £20,617 overdrawn).