Ashbrook Rees Ltd - Filleted accounts


ASHBROOK REES LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025



































Company Registration Number: 09590232

ASHBROOK REES LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2

Notes to the financial statements									3 to 6

ASHBROOK REES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025


DIRECTORS

Mr L D Edwards
Mrs C E A Edwards


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

4 Princewood Road
Earlstrees Industrial Estate
Corby
NN17 4AP


COMPANY REGISTRATION NUMBER

09590232 England and Wales

ASHBROOK REES LTD

BALANCE SHEET
AS AT 31 MARCH 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Investments	5		3,157,501		3,157,501

CURRENT ASSETS
Debtors	6	2,022		2,022

CREDITORS: Amounts falling due within one year	7	3,108,664		3,106,162
CREDITORS: Amounts falling due within one year


NET CURRENT LIABILITIES			(3,106,642)		(3,104,140)


NET ASSETS			50,859		53,361


CAPITAL AND RESERVES
Called up share capital			50,001		50,001
Distributable profit and loss account			858		3,360


SHAREHOLDER'S FUNDS			50,859		53,361


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




Mr L D Edwards
Director

Date approved by the board: 4 December 2025

ASHBROOK REES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1	GENERAL INFORMATION

	Ashbrook Rees Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	4 Princewood Road
	Earlstrees Industrial Estate
	Corby
	NN17 4AP

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Going concern

	The accounts have been drawn up on the going concern basis. The company owes Display Mode Limited, a subsidiary undertaking, £3,106,963 which could be required for repayment without notice. The company is therefore dependent upon the continued support of Display Mode Limited. The directors do not consider the support of Display Mode Limited likely to be withdrawn.

	If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.

	Investments

	Investments in subsidiaries are shown at cost less accumulated impairment losses.

	Financial Instruments

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

	The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

	Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

ASHBROOK REES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Debtors

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

	Creditors

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

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Current and deferred tax assets and liabilities are not discounted.

	Consolidation

	The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.

4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the year was:

		2025	2024
	Average number of employees	2	2

ASHBROOK REES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


5	FIXED ASSET INVESTMENTS
			Investment in subsidiaries
				£
	Cost
	At 1 April 2024			3,157,501


	At 31 March 2025			3,157,501


	Net book value
	At 1 April 2024			3,157,501


	At 31 March 2025			3,157,501


6	DEBTORS
		2025		2024
		£		£
	Other debtors	2,022		2,022


7	CREDITORS: Amounts falling due within one year
		2025		2024
		£		£
	Accruals and deferred income	1,701		1,701
	Other creditors	3,106,963		3,104,461


		3,108,664		3,106,162

ASHBROOK REES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


8	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	Display Mode Limited		Wholly owned subsidiary
	DM Employee Ownership Trust		Parent entity

	During the year, the following transactions with related parties took place:

	DM Employee Ownership Trust
	Parent entity			2025	2024
				£	£
	Guarantee	During the year ended 31 March 2021, the shares in Ashbrook Rees Ltd were sold to an Employee Ownership Trust. Ashbrook Rees Ltd is acting as a guarantor in respect of the Deferred Payment amount that remains outstanding in accordance with the Share Purchase Agreement. At 31 March 2025, the following Deferred Payment amount was outstanding:		686,000	1,205,000