Company registration number 13222598 (England and Wales)
ASHLAR PROPERTY FINANCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
ASHLAR PROPERTY FINANCE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ASHLAR PROPERTY FINANCE LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
617
823
Current assets
Debtors
4
117,581
121,450
Cash at bank and in hand
97
1,655
117,678
123,105
Creditors: amounts falling due within one year
5
(47,565)
(29,720)
Net current assets
70,113
93,385
Net assets
70,730
94,208
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
70,729
94,207
Total equity
70,730
94,208

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 10 February 2026
S K Ranchhoddas
Director
Company registration number 13222598 (England and Wales)
ASHLAR PROPERTY FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information

Ashlar Property Finance Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71-75, Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, . The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

ASHLAR PROPERTY FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
ASHLAR PROPERTY FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024 and 28 February 2025
1,039
Depreciation and impairment
At 1 March 2024
216
Depreciation charged in the year
206
At 28 February 2025
422
Carrying amount
At 28 February 2025
617
At 29 February 2024
823
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
7,757
-
0
Other debtors
109,824
121,450
117,581
121,450
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
36,389
27,704
Other creditors
11,176
2,016
47,565
29,720
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
ASHLAR PROPERTY FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
7
Related party transactions

Included within other debtors at the balance sheet date is an amount of £2 7,248 (2024: £Nil) owed by Truss Services Limited, a company controlled by the director.

Included within other debtors at the balance sheet date is an amount owed by the director totalling £22,407 (2024: £20,863). The maximum balance outstanding during the year was £51,363 (2024: £21,739) and during the year interest of £992 (2024: £123) was charged on this balance at HMRC's official rate.

Included within other creditors at the balance sheet date is an amount of £8,476 (202 4: £Nil) owed to Gate Capital Group Limited, a company connected to the director.

2025-02-28 2024-03-01 false false false 10 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity S K Ranchhoddas 13222598 2024-03-01 2025-02-28 13222598 2025-02-28 13222598 2024-02-29 13222598 core:OtherPropertyPlantEquipment 2025-02-28 13222598 core:OtherPropertyPlantEquipment 2024-02-29 13222598 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 13222598 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 13222598 core:WithinOneYear 2025-02-28 13222598 core:WithinOneYear 2024-02-29 13222598 core:CurrentFinancialInstruments 2025-02-28 13222598 core:CurrentFinancialInstruments 2024-02-29 13222598 core:ShareCapital 2025-02-28 13222598 core:ShareCapital 2024-02-29 13222598 core:RetainedEarningsAccumulatedLosses 2025-02-28 13222598 core:RetainedEarningsAccumulatedLosses 2024-02-29 13222598 core:ShareCapitalOrdinaryShareClass1 2025-02-28 13222598 core:ShareCapitalOrdinaryShareClass1 2024-02-29 13222598 bus:Director1 2024-03-01 2025-02-28 13222598 core:ComputerEquipment 2024-03-01 2025-02-28 13222598 2023-03-01 2024-02-29 13222598 core:OtherPropertyPlantEquipment 2024-02-29 13222598 core:OtherPropertyPlantEquipment 2024-03-01 2025-02-28 13222598 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 13222598 bus:OrdinaryShareClass1 2025-02-28 13222598 bus:OrdinaryShareClass1 2024-02-29 13222598 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13222598 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 13222598 bus:FRS102 2024-03-01 2025-02-28 13222598 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 13222598 bus:FullAccounts 2024-03-01 2025-02-28 xbrli:pure xbrli:shares iso4217:GBP