Ashvale Properties UK Limited 31/03/2025 iXBRL

Company registration number: 04692310

Ashvale Properties UK Limited

Unaudited filleted financial statements

31 March 2025

Ashvale Properties UK Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Ashvale Properties UK Limited

Directors and other information


	Directors
		Mr Darryl Bishop


	Company number	04692310


	Registered office	Baglan Old Road
		Briton Ferry
		Neath
		SA11 2YW


	Accountants	Morgan Hemp
		103-104 Walter Road
		Swansea
		SA1 5QF




	Bankers	HSBC Bank plc
		Portland Street
		Swansea
		SA1 3DF


	Solicitors	Hutchinson Thomas
		119 London Road
		Neath
		SA11 1LF

Ashvale Properties UK Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Ashvale Properties UK Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ashvale Properties UK Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Ashvale Properties UK Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ashvale Properties UK Limited and state those matters that we have agreed to state to the board of directors of Ashvale Properties UK Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashvale Properties UK Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Ashvale Properties UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ashvale Properties UK Limited. You consider that Ashvale Properties UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ashvale Properties UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Morgan Hemp

103-104 Walter Road

Swansea

SA1 5QF

17 November 2025

Ashvale Properties UK Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Current assets
Debtors	4	180,690		248,139
		_______		_______
		180,690		248,139
Creditors: amounts falling due
within one year	5	-		( 67,449)
		_______		_______
Net current assets			180,690		180,690
			_______		_______
Total assets less current liabilities			180,690		180,690

			_______		_______
Net assets			180,690		180,690
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			180,688		180,688
			_______		_______
Shareholder funds			180,690		180,690
			_______		_______

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 member has 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.

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 statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 November 2025 , and are signed on behalf of the board by:

Mr Darryl Bishop

Director

Company registration number: 04692310

Ashvale Properties UK Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Swansea Motor Vehicle Auction Ltd,, Baglan Old Road, Briton Ferry, Neath, SA11 2YW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The company has ceased to trade and the directors intend to strike the company off within 12 months, therefore the directors have prepared the accounts under the break-up basis. No material adjustments arose as a result of ceasing to apply the going concern basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured 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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Debtors

	2025	2024
	£	£
Other debtors	180,690	248,139
	_______	_______

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	-	67,449
	_______	_______

6. Related party transactions

Included in debtors is a balance due from Swansea Motor Vehicle Sales Limited of £180,690 (2024: £201,528)