Ash Properties (Barking) Limited - Accounts to registrar (filleted)

ASH PROPERTIES (BARKING) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTOR:

K Singh

REGISTERED OFFICE:

First Floor, Woburn Court

2 Railton Road

Woburn Road Industrial Estate

Kempston

Bedfordshire

MK42 7PN

REGISTERED NUMBER:

11512662 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Investment property

4

18,194,449

2,400,000

CURRENT ASSETS

Debtors

5

151,369

599

Cash at bank

370,776

4,783

522,145

5,382

CREDITORS

Amounts falling due within one year

6

145,099

4,966

NET CURRENT ASSETS

377,046

416

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,571,495

2,400,416

CREDITORS

Amounts falling due after more than one
year

7

18,180,802

2,409,343

NET ASSETS/(LIABILITIES)

390,693

(8,927

)

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

390,593

(9,027

)

SHAREHOLDERS' FUNDS

390,693

(8,927

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th January 2026 and were signed by:

K Singh - Director

1.	STATUTORY INFORMATION

Ash Properties (Barking) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No formal valuation has taken place during the year by a professional independent valuer. The current fair value is based on a recognised valuation model.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

2,400,000

Additions

15,794,449

At 31st March 2025

18,194,449

NET BOOK VALUE

At 31st March 2025

18,194,449

At 31st March 2024

2,400,000

The properties have been transferred to Ash Properties Limited at the original cost.

No formal valuation by an independent qualified surveyor was conducted during the year.

5.

DEBTORS

31/3/25

31/3/24

£

Amounts falling due within one year:

Trade debtors

5,069

-

VAT

-

599

5,069

599

Amounts falling due after more than one year:

Amounts owed by group undertakings

146,300

-

Aggregate amounts

151,369

599

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade creditors

900

4,766

Corporation tax

135,054

-

VAT

1,385

-

Other creditors

7,500

-

Accrued expenses

260

200

145,099

4,966

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/3/25

31/3/24

£

Amounts owed to group undertakings

18,180,802

2,409,343

8.	SECURED DEBTS

The bank loan is secured by a debenture over the assets of the company, legal mortgages over the company's investment properties.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

100

Ordinary

o1

100

10.	CAPITAL COMMITMENTS

There were no capital commitments or contingent liabilities at 31 March 2025 (2024: £nil) that were not provided for in the financial statements.

11.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr K Singh and his wife by virtue of their majority shareholding in the parent company, Ash Properties Limited.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ash Properties (Barking) Limited for the year ended 31st March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Ash Properties (Barking) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ash Properties (Barking) Limited and state those matters that we have agreed to state to the director of Ash Properties (Barking) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ash Properties (Barking) Limited and its director for our work or for this report.

It is your duty to ensure that Ash Properties (Barking) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ash Properties (Barking) Limited. You consider that Ash Properties (Barking) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ash Properties (Barking) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

19th January 2026