| Ashtree Investments Limited |
| Registered number: |
NI026837 |
| Balance Sheet |
| as at 30 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Property, plant and equipment |
3 |
|
|
2,375,808 |
|
|
2,203,808 |
|
| Current assets |
| Debtors |
4 |
|
49,576 |
|
|
29,290 |
| Cash at bank and in hand |
|
|
395,202 |
|
|
441,594 |
|
|
|
444,778 |
|
|
470,884 |
|
| Creditors: amounts falling due within one year |
5 |
|
(425,813) |
|
|
(363,554) |
|
| Net current assets |
|
|
|
18,965 |
|
|
107,330 |
|
| Total assets less current liabilities |
|
|
|
2,394,773 |
|
|
2,311,138 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(701,883) |
|
|
(701,883) |
|
|
|
| Net assets |
|
|
|
1,692,890 |
|
|
1,609,255 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
7,500 |
|
|
7,500 |
| Profit and loss account |
|
|
|
1,685,390 |
|
|
1,601,755 |
|
| Shareholders' funds |
|
|
|
1,692,890 |
|
|
1,609,255 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The 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. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Seamus Murdock |
Aidan Murdock |
| Director |
Director |
| Approved by the board on 14 October 2025 |
|
| Ashtree Investments Limited |
| Notes to the Accounts |
| for the year ended 30 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of rentals receivable from letting of commercial units in the company's enterprise park at Rathfriland Road, Newry, and of one residential property at Windsor Hill, Newry. |
|
Property, plant and equipment |
|
The company's land and buildings are held to earn rental income and are technically investment properties as defined by FRS 102, however, the directors have accounted for these assets as property, plant and equipment as permitted under the standard as the fair value of each cannot be measured reliably without undue cost and effort. |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and equipment |
25% straight line |
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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 future taxable profits. Deferred tax is measured using the 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Property, plant and equipment |
|
|
|
|
Land and buildings |
|
Plant and equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 31 March 2024 |
2,203,808 |
|
41,550 |
|
2,245,358 |
|
Additions |
167,180 |
|
4,820 |
|
172,000 |
|
At 30 March 2025 |
2,370,988 |
|
46,370 |
|
2,417,358 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2024 |
- |
|
41,550 |
|
41,550 |
|
At 30 March 2025 |
- |
|
41,550 |
|
41,550 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 March 2025 |
2,370,988 |
|
4,820 |
|
2,375,808 |
|
At 30 March 2024 |
2,203,808 |
|
- |
|
2,203,808 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
39,873 |
|
29,290 |
|
Other debtors |
9,703 |
|
- |
|
|
|
|
|
|
49,576 |
|
29,290 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
37,458 |
|
4,601 |
|
Corporation tax |
26,336 |
|
19,646 |
|
Other creditors |
362,019 |
|
339,307 |
|
|
|
|
|
|
425,813 |
|
363,554 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
701,883 |
|
701,883 |
|
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Events after the reporting date |
|
|
There are no events after the balance sheet date which would necessitate a change in the financial statements. |
|
|
| 8 |
Contingent liabilities |
|
|
There was no contingent liability at 30th March 2025 of which the company was aware. |
|
|
| 9 |
Related party transactions |
2025 |
|
2024 |
| £ |
£ |
|
Murdock Hardwood Industries Ltd |
|
Related by common directorships |
|
Amount due from (to) Murdock Hardwood Industries Ltd |
(1,067,240) |
|
(1,008,585) |
|
|
Hardwood Developments Ltd |
|
Related by common directorships |
|
Amount due from (to) Hardwood Developments Ltd |
(12,480) |
|
- |
|
| 10 |
Controlling party |
|
|
The controlling party has been identified as the board of directors acting as a unit. |
|
|
| 11 |
Other information |
|
|
Ashtree Investments Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is: |
|
51 Rathfriland Road |
|
Newry |
|
Co. Down |