Berkeley Square Developments Ashley Gardens Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12432092

Berkeley Square Developments Ashley Gardens Limited

Filleted Unaudited Financial Statements

31 March 2025

Berkeley Square Developments Ashley Gardens Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Current assets

Debtors	5	558,336	1,253,984
Cash at bank and in hand		137,602	61,765
		---------	------------
		695,938	1,315,749

Creditors: amounts falling due within one year	6	( 674,321)	( 712,172)
		---------	------------
Net current assets		21,617	603,577
		--------	---------
Total assets less current liabilities		21,617	603,577

Creditors: amounts falling due after more than one year	7	–	( 585,762)
		--------	---------
Net assets		21,617	17,815
		--------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	21,517	17,715
	--------	--------
Shareholders funds	21,617	17,815
	--------	--------

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 income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Berkeley Square Developments Ashley Gardens Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 7 November 2025 , and are signed on behalf of the board by:

J R Carkeet

Director

Company registration number: 12432092

Berkeley Square Developments Ashley Gardens Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, incorporated in England and Wales. The registered number is 12432092 . The address of the registered office is Suite 3, Bignell Park Barns, Chesterton, Bicester, Oxon, OX26 1TD.

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 under the historical cost convention unless otherwise specified within these accounting policies. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note below). The following principal accounting policies have been applied: Functional and presentational currency The Company's functional and presentational currency is GBP.

Going concern

As noted in the Director's report, the company has effectively ceased trading and accordingly the financial statements have been prepared on the basis other than going concern. The Directors consider there to be no difference between the valuation on a going concern basis and valuation on liquidation.

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. - Valuation of work in progress Work in progress is carried at the lower of cost and net realisable value. Net realisable value represents the estimated selling price less all estimated costs of completion and overheads. These assessments include a degree of inherent uncertainty due to the need to estimate future costs and future selling prices. These estimates are based on the Directors' assessment of current market conditions.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Under the construction contract accounting criteria, when the outcome of the transaction involving the rendering of services cannot be estimated reliably, the entity shall recognise revenue only to the extent of the expenses recognised as recoverable. Finance Costs Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Borrowing Costs All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Income tax

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments. Impairment of financial assets Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Debtors

	2025	2024
	£	£
Other debtors	558,336	1,253,984
	---------	------------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	–	579,543
	----	---------

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

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	42,300
Amounts owed to group undertakings and undertakings in which the company has a participating interest	52,000	30,000
Corporation tax	892	–
Construction retention <1 year	585,879	585,762
Other creditors	35,550	54,110
	---------	---------
	674,321	712,172
	---------	---------

Short-term creditors are measured at the transaction price .

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

	2025	2024
	£	£
Construction retention >1 year	–	585,762
	----	---------

8. Related party transactions

During the year ended 31 March 2024, the company paid expenses of £619,900 to entities with group control over the entity. The balance due to these undertakings at the end of the 2025 financial year, shown as due within one year, was £52,000 (2024: £30,000). During the year ended 31 March 2025 one of the shareholding companies, Berkeley Square Developments Real Estate Limited, carried out work for the company at a cost of £22,000. This amount was unpaid at the year end and is included within the £52,000 referred to above.