ACCOUNTS - Final Accounts preparation

Registered number: 07065355

PAD ASCOT LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


PAD ASCOT LTD

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


PAD ASCOT LTD REGISTERED NUMBER:07065355

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Fixed asset investments			5,500,000		5,500,000
Current assets
Debtors: amounts falling due within one year	5	168,532		76,356
Bank and cash balances		114		169
		168,646		76,525
Current liabilities
Creditors: amounts falling due within one year	6	(6,502,165)		(6,267,517)
Net current liabilities			(6,333,519)		(6,190,992)
Net liabilities			(833,519)		(690,992)

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(833,520)	(690,993)
		(833,519)	(690,992)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 December 2025.

A J Keats

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


PAD ASCOT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

PAD Ascot Ltd is a private limited liability company incorporated in England and Wales. Its registered office is at 20 Greenhill Crescent, Watford, Hertfordshire, England, WD18 8JA.

The principal activity of the Company is to act as a member of a LLP.
The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued financial support of a company under common control. In the opinion of the directors, the company will continue to receive such financial support as may be required to enable it to meet its liabilities for at least 12 months following the date of their approval of the financial statements and accordingly they have prepared the financial statements on a going concern basis.

2.3

Interest income

Interest income is recognised in profit or loss according to the terms of the agreement.

2.4

Borrowing costs

Borrowing costs are amortised in the Statement of Comprehensive Income over the term of the loan.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.6

Valuation of investments

Investments in unlisted Company shares are measured at cost less accumulated impairment.

2.7

Debtors

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

Page 2


PAD ASCOT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short term creditors are measured at the transaction price.

2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, other third parties and loans to related parties and investments in participating interests.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Fixed asset investments

		Unlisted investments
		£
	Cost
	At 1 April 2024	5,500,000
	At 31 March 2025	5,500,000

Debtors

					2025	2024
					£	£


Amounts owed by participating interests	168,532	76,356

Page 3


PAD ASCOT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	2,400
Corporation tax	12,717	-
Other creditors	6,486,928	6,262,850
Accruals and deferred income	2,520	2,267
	6,502,165	6,267,517

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) ordinary share of £1	1	1

Page 4