Three Ashes Limited
Unaudited Financial Statements
For the year ended 30 June 2025
Pages for filing with registrar
Company Registration No. 07559316 (England and Wales)
THREE ASHES LIMITED
Three Ashes Limited
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
THREE ASHES LIMITED
Three Ashes Limited
Accountants Report to the Board of Directors on the Unaudited Financial Statements of Three Ashes Limited
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Three Ashes Limited for the year ended 30 June 2025 set out on the following pages from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Three Ashes Limited, as a body, in accordance with the terms of our engagement letter dated 8 April 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Three Ashes Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Three Ashes Limited and Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Three Ashes 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 loss of Three Ashes Limited. You consider that Three Ashes 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 Three Ashes 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.

Churchgate Accountants Limited
14 April 2026
Accountants
18 Langton Place
Bury St Edmunds
Suffolk
IP33 1NE
THREE ASHES LIMITED
Three Ashes Limited
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
559,641
559,641
Current assets
Debtors
4
16,500
21,000
Cash at bank and in hand
100,489
102,717
116,989
123,717
Creditors: amounts falling due within one year
5
(622,646)
(620,989)
Net current liabilities
(505,657)
(497,272)
Net assets
53,984
62,369
Capital and reserves
Called up share capital
6
150
150
Profit and loss reserves
53,834
62,219
Total equity
53,984
62,369

For the financial year ended 30 June 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 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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 14 April 2026 and are signed on its behalf by:
Mrs A L Sykes
Director
Company registration number 07559316 (England and Wales)
THREE ASHES LIMITED
Three Ashes Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Three Ashes Limited is a private company limited by shares incorporated in England and Wales. The registered office is Manor House, Wickhambrook, NEWMARKET, Suffolk, CB8 8XJ.

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 includes profit or loss from trading partnership excluding VAT and trade discounts. Revenue from trading partnerships is recognised in the accounting period to which it relates.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
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 initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

THREE ASHES LIMITED
Three Ashes Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
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.

1.7
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
0
2
3
Fixed asset investments
2025
2024
£
£
Capital held in Navigator LLP
559,641
559,641

THREE ASHES LIMITED
Three Ashes Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
3
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 July 2024 & 30 June 2025
559,641
Carrying amount
At 30 June 2025
559,641
At 30 June 2024
559,641
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
16,500
21,000
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
1,077
2,124
Other creditors
621,569
618,865
622,646
620,989
6
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and unpaid
150 ordinary shares of £1 each
150
150
150
150
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