Company Registration No. SC647242 (Scotland)
ASHLEY MILLAN LTD
Unaudited accounts
for the year ended 31 March 2025
ASHLEY MILLAN LTD
Unaudited accounts
Contents
ASHLEY MILLAN LTD
Company Information
for the year ended 31 March 2025
Company Number
SC647242 (Scotland)
Registered Office
Hudson House Administration
Hudson House
8 Albany Street
Edinburgh
Midlothian
EH1 3QB
Scotland
Accountants
DC Accountancy Services (Edinburgh) Ltd
105 Forrest Place
Armadale
West Lothian
EH48 2GZ
ASHLEY MILLAN LTD
Statement of financial position
as at 31 March 2025
Investment property
943,757
1,000,000
Cash at bank and in hand
22,020
1,186
Creditors: amounts falling due within one year
(10,445)
(10,880)
Net current assets/(liabilities)
18,456
(2,421)
Total assets less current liabilities
962,213
997,579
Creditors: amounts falling due after more than one year
(692,516)
(749,969)
Provisions for liabilities
Deferred tax
(42,643)
(42,643)
Net assets
227,054
204,967
Called up share capital
1
1
Fair value reserve
224,436
224,436
Profit and loss account
2,617
(19,470)
Shareholders' funds
227,054
204,967
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 December 2025 and were signed on its behalf by
Ashley Millan
Director
Company Registration No. SC647242
ASHLEY MILLAN LTD
Notes to the Accounts
for the year ended 31 March 2025
ASHLEY MILLAN LTD is a private company, limited by shares, registered in Scotland, registration number SC647242. The registered office is Hudson House Administration, Hudson House, 8 Albany Street, Edinburgh, Midlothian, EH1 3QB, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 April 2024
1,000,000
Amounts falling due within one year
Accrued income and prepayments
1,007
949
ASHLEY MILLAN LTD
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
5,181
5,169
Other creditors
3,624
4,071
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
280,215
319,945
Loans from directors
412,301
430,024
Aggregate of amounts that fall due for payment after five years
280,215
319,945
Bank loans are secured against the Investment properties
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).