REGISTERED NUMBER: 03877810 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Ashover Estates Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T A Hounsfield

Mr R M Overton

Miss S Bray

Mrs K C Gordon

SECRETARY:

Mr R M Overton

REGISTERED OFFICE:

Wellingore Hall

Wellingore

LINCOLN

Lincolnshire

LN5 0HX

REGISTERED NUMBER:

03877810 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

NatWest Bank Plc

225 High Street

LINCOLN

Lincolnshire

LN2 1AZ

FIXED ASSETS

Tangible assets

4

612,014

141,893

CURRENT ASSETS

Stocks

10

10

Debtors

5

1,792

71,771

Cash at bank

71,558

45,568

73,360

117,349

CREDITORS

Amounts falling due within one year

6

455,907

1,876

NET CURRENT (LIABILITIES)/ASSETS

(382,547

)

115,473

TOTAL ASSETS LESS CURRENT LIABILITIES

229,467

257,366

CAPITAL AND RESERVES

Called up share capital

1,100

1,100

Retained earnings

228,367

256,266

SHAREHOLDERS' FUNDS

229,467

257,366

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 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.

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 16 September 2025 and were signed on its behalf by:

Mr R M Overton - Director

1.	STATUTORY INFORMATION

Ashover Estates 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.

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.

Turnover

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

Tangible fixed assets

Included in tangible fixed assets is land that has not been depreciated.

Stock

Stock is valued at the lower of cost and net realisable value.

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is 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 transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2024

141,893

Additions

470,121

At 31 March 2025

612,014

NET BOOK VALUE

At 31 March 2025

612,014

At 31 March 2024

141,893

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

70,000

Directors' current accounts

-

230

VAT

1,792

1,541

1,792

71,771

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

-

918

Directors' current accounts

455,207

258

Accrued expenses

700

700

455,907

1,876

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr T A Hounsfield

Balance outstanding at start of year

230

-

Amounts advanced

-

432,000

Amounts repaid

(230

)

(431,770

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

230

The above loan is unsecured. Interest has not been charged.

Included in stock is a land option of £10 (2024: £10). This was paid on behalf of the company by Mr R M Overton. The option can be exercised at any time up to 8 December 2079.

8.	RELATED PARTY DISCLOSURES

Mr R M Overton's Directors current account included within creditors due within one year as at 31 March 2025 was £258 (2024: £258). The loan is unsecured, interest free and repayable on demand.

Mr T A Hounsfield's Directors current account included within creditors due within one year as at 31 March 2025 was £454,949 (2024: £230 debtor). The loan is unsecured, interest free and repayable on demand.

During the year T A Hounsfield sold a plot of land to Ashover Estates Limited. This was at market value.