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Company No: 06900391 (England and Wales)

# ASHINGTON PROPERTY INVESTMENTS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

ASHINGTON PROPERTY INVESTMENTS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

ASHINGTON PROPERTY INVESTMENTS LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
ASHINGTON PROPERTY INVESTMENTS LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 20,406,000 |  | 28,810,000
|  | 20,406,000 |  | 28,810,000
Current assets |  |  |  |
Debtors | 4 | 3,926,371 |  | 3,509,083
Cash at bank and in hand |  | 7,571,388 |  | 1,670,998
|  | 11,497,759 |  | 5,180,081
Creditors: amounts falling due within one year | 5 | ( 16,623,866) |  | ( 17,621,006)
Net current liabilities |  | (5,126,107) |  | (12,440,925)
Total assets less current liabilities |  | 15,279,893 |  | 16,369,075
Creditors: amounts falling due after more than one year | 6 | ( 2,575,000) |  | ( 2,675,000)
Provision for liabilities | 7 | ( 460,469) |  | ( 1,663,484)
Net assets |  | 12,244,424 |  | 12,030,591
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Revaluation reserve |  | 1,825,756 |  | 5,434,801
Profit and loss account |  | 10,418,568 |  | 6,595,690
Total shareholders' funds |  | 12,244,424 |  | 12,030,591

For the financial 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 financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Ashington Property Investments Limited (registered number: 06900391) were approved and authorised for issue by the Board of Directors on 13 November 2025. They were signed on its behalf by:

R Selig Director |

ASHINGTON PROPERTY INVESTMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
ASHINGTON PROPERTY INVESTMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Ashington Property Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

##### Turnover

Turnover represents rental income. Turnover is recognised at the fair value of the consideration received or receivable for the rental space provided in the normal course of business, and is shown net of VAT.

##### Employee benefits

Short term benefits
The coats of short -term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

##### Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

##### Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. No depreciation is provided. The surplus or deficit on revaluation is recognised in the income statement.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

##### Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 6 |  | 6

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 April 2024 | 28,810,000
Fair value movement | (2,204,000)
Disposals | (6,200,000)
As at 31 March 2025 | 20,406,000

Valuation

The fair value of the investment property has been arrived at on the basis of a valuation carried out at that date by the directors with the benefit of professional external valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location, together with a review of property rental yields.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 18,119,775 |  | 21,711,715

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 4,750 |  | 230,386
Other debtors | 3,921,621 |  | 3,278,697
| 3,926,371 |  | 3,509,083

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 100,000 |  | 1,636,501
Taxation and social security | 1,401,803 |  | 501,701
Other creditors | 15,122,063 |  | 15,482,804
| 16,623,866 |  | 17,621,006

Bank loans £ 0 (2024: £1,636,501) are secured by way of a fixed charge over the assets of the company.
Included in other creditors are loans of £ 0 (2024: £211,995 that are secured by way of a fixed charge over the assets of the company.

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 2,575,000 |  | 2,675,000

Bank loans £ 2,675,000 (2024: £2,775,000) are secured by way of a fixed charge over the assets of the company.

#### 7. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 1,663,484) |  | ( 1,335,984)
Credited/(charged) to the Profit and Loss Account | 1,203,015 |  | ( 327,500)
At the end of financial year | ( 460,469) |  | ( 1,663,484)

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2,500 D Ordinary shares of £ 0.01 each | 25 |  | 25
2,500 J Ordinary shares of £ 0.01 each | 25 |  | 25
2,500 N Ordinary shares of £ 0.01 each | 25 |  | 25
2,500 R Ordinary shares of £ 0.01 each | 25 |  | 25
| 100 |  | 100

There are no restrictions on the distribution of dividends and repayment of capital.

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Loan to Director | 500,000 |  | 0

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts due to related parties: Other related parties | 14,474,441 |  | 14,524,441
Amounts due from related parties: Other related parties | (3,181,436) |  | (3,180,736)