Ascot International (1996) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04190346 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th September 2025

for

Ascot International (1996) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

136,625

122,039

Investments

5

49,997

186,622

172,036

CURRENT ASSETS

Stocks

607,246

415,617

Debtors

6

2,559,269

2,502,966

Cash at bank

3,129,114

3,448,543

6,295,629

6,367,126

CREDITORS

Amounts falling due within one year

7

610,110

697,930

NET CURRENT ASSETS

5,685,519

5,669,196

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,872,141

5,841,232

PROVISIONS FOR LIABILITIES

46,423

46,263

NET ASSETS

5,825,718

5,794,969

CAPITAL AND RESERVES

Called up share capital

8

15,300

Fair value reserve

9

186,138

Retained earnings

9

5,624,280

5,593,531

5,825,718

5,794,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th May 2026 and were signed on its behalf by:

Mrs N Sethi - Director

1.	COMPANY INFORMATION

Ascot International (1996) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04190346

Registered office:

Ascot House

Welcroft Street

Stockport

Cheshire

SK1 3DF

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value.The principal accounting policies adopted are set out below.

Turnover

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

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land & buildings freehold - 5% straight line

Plant & machinery - 25% straight line

Fixtures, fittings & equipment - 25% straight line

Computer equipment - 33.3% straight line

Motor vehicles - 25% reducing balance

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

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST

At 1st October 2024

506,076

21,015

32,906

Additions

26,137

-

At 30th September 2025

532,213

21,015

32,906

DEPRECIATION

At 1st October 2024

401,627

12,173

30,025

Charge for year

11,490

2,210

2,731

At 30th September 2025

413,117

14,383

32,756

NET BOOK VALUE

At 30th September 2025

119,096

6,632

150

At 30th September 2024

104,449

8,842

2,881

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1st October 2024

18,730

134,247

712,974

Additions

-

8,640

34,777

At 30th September 2025

18,730

142,887

747,751

DEPRECIATION

At 1st October 2024

15,119

131,991

590,935

Charge for year

903

2,857

20,191

At 30th September 2025

16,022

134,848

611,126

NET BOOK VALUE

At 30th September 2025

2,708

8,039

136,625

At 30th September 2024

3,611

2,256

122,039

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1st October 2024

and 30th September 2025

49,997

NET BOOK VALUE

At 30th September 2025

49,997

At 30th September 2024

49,997

The investments relate to unlisted investments accounted for at cost on the basis that there has been no formal or reliable valuation undertaken.

6.

DEBTORS

30.9.25

30.9.24

£

Amounts falling due within one year:

Trade debtors

1,192,155

1,054,101

Bad debt provision

(40,308

)

(117,603

)

Amounts owed by participating interests

982,858

568,081

Other debtors

64,439

30,545

Loans and receivables

51,695

27,195

Directors' current accounts

-

612,247

Prepayments and accrued income

9,905

11,875

2,260,744

2,186,441

Amounts falling due after more than one year:

Loans and receivables

298,525

316,525

Aggregate amounts

2,559,269

2,502,966

There is a a legal mortgage with M67 Limited, a related party by virtue of common directorship which is shown with current and non-current debtors. The loan is repayable over 10 years with interest charged at 1% over base rate annually.

There is also a loan to an unrelated party repayable over 5 years that relates to the investment property sold within the year. The loan is interest free and secured against the property.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Bank loans and overdrafts

2,177

Trade creditors

334,810

464,004

Tax

121,844

130,149

Social security and other taxes

-

(1,395

)

VAT

79,479

74,575

Other creditors

13,893

-

Pension fund

1,907

1,420

Net wages

-

1,000

Accruals and deferred income

6,000

-

Accrued expenses

50,000

26,000

610,110

697,930

8.	CALLED UP SHARE CAPITAL

Each ordinary A share is entitled to one vote in any circumstances. The ordinary B shares do not entitle the holders to receive notice of or attend and vote at any general meeting of the company. The A and B shares rank pari passu in relation to dividends and repayment of capital on winding up.

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1st October 2024

5,593,531

186,138

5,779,669

Profit for the year

353,819

Dividends

(323,070

)

(323,070

)

At 30th September 2025

5,624,280

186,138

5,810,418

Deferred tax on the fair value adjustment is included within the non-distributable profits.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2025 and 30th September 2024:

30.9.25

30.9.24

£

N Sethi

Balance outstanding at start of year

612,247

-

Amounts advanced

-

1,008,529

Amounts repaid

(612,247

)

(396,282

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

612,247

11.	RELATED PARTY DISCLOSURES

The company operated a loan account with Ascot Property Estates LLP, a related party by common control. At the balance sheet date the amount due to the company totalled £515,201 (2024: £375,201) from Ascot Property Estates LLP.

The company operated a loan account with Ascot Pro-G Limited, a related party by common control. At the balance sheet date the amount due to the company totalled £Nil (2024: £Nil) from Ascot Pro-G Limited. Ascot Pro-G Limited was placed into liquidation during the prior year and all balances were therefore written off.

The company operated a loan account with Floor Seven Properties Limited, a related party by common control. At the balance sheet date the amount due to the company totalled £515,201 (2024: £177,510) from Floor Seven Properties Limited.

The company operated a loan account with M67 Limited, a related party by common control. During the year the company received £Nil (2024: £Nil). At the balance 5sheet date the amount due to the company totalled £5,500 (2024: £5,500) from M67 Limited.

The company also has a legal mortgage with M67 Limited. The amount due to the company at the balance sheet date is £278,025. This is repayable over 10 years and accrues interest of 1% over base rate on an annual basis.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs N Sethi.

The ultimate parent company is Ascot International Group Limited.