1.
General Information
Ashington Mews Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
09988901
. The registered office is Alhambra, 15 The Close Stanhope Road, Edmundbyers, Consett, County Durham, DH8 9NH.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
4.
Investment Property
| 2025 | |
|---|---|
| £ | |
| Fair Value | |
| As at 31 March 2024 and 30 March 2025 |
|
Ashington Mews Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 March 2025
5.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts |
|
|
|
| Amounts owed to group undertakings |
|
|
|
| Other creditors | 85,284 | 87,672 | |
| Taxation and social security |
|
|
|
|
|
|
||
7.
Related Party Transactions
|
2025
|
2024
|
||
|
£
|
£
|
||
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
|
||
|
Management charge
|
131,262
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
<line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
101,338
|
|
The following amounts were outstanding at the reporting end date:
|
2025
|
2024
|
|
|
£
|
£
|
||
|
Amounts due to related parties
|
|||
|
|
|
||
|
Entities with control, joint control or significant
influence over the company
|
1,229,029
|
1,223,346
|
8.
Ultimate Controlling Party
The company's ultimate controlling party is
Cross Rigg Developments (North East) Limited
by virtue of his ownership of 100% of the issued share capital in the company.