REGISTERED NUMBER: 15276002 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th November 2025

for

Ashprop Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N P M F Asheshov

Mrs N S J F Asheshov

REGISTERED OFFICE:

5th Floor

36-38 Wigmore Street

London

W1U 2BP

REGISTERED NUMBER:

15276002 (England and Wales)

ACCOUNTANTS:

Sampson Fielding Ltd

5th Floor

36-38 Wigmore Street

London

W1U 2BP

FIXED ASSETS

Investment property

4

2,325,000

2,145,000

CURRENT ASSETS

Debtors

5

3,284

3,284

Cash at bank

44,941

30,285

48,225

33,569

CREDITORS

Amounts falling due within one year

6

586,371

610,138

NET CURRENT LIABILITIES

(538,146

)

(576,569

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,786,854

1,568,431

PROVISIONS FOR LIABILITIES

(45,000

)

-

ACCRUALS AND DEFERRED INCOME

(5,100

)

(4,800

)

NET ASSETS

1,736,754

1,563,631

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

7

1,542,649

1,542,649

Retained earnings

7

194,005

20,882

1,736,754

1,563,631

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st May 2026 and were signed on its behalf by:

Mrs N S J F Asheshov - Director

1.	STATUTORY INFORMATION

Ashprop Ltd 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.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Ashprop Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents rental income receivable from the property owned by the company, excluding value added tax.

Rental income from investment properties is recognised on a straight-line basis over the period of the lease or tenancy agreement to which it relates. Income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably.

Any rent received in advance is deferred and recognised in the profit and loss account over the period to which it relates. Rent receivable but not yet received at the reporting date is included within debtors.

Investments in subsidiaries

The investment in AUK Holdings Ltd arose from a prior year group reconstruction in which the Company became the parent undertaking through a share-for-share exchange accounted for under merger accounting principles. Following the transfer of AUK Holdings Ltd’s trade and assets to the Company, the investment was written down to nil to reflect the capital nature of the reorganisation.

Investment property

Investment property is initially recognised at its purchase price. It is subsequently measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. Fair value is derived from the current market rents and investment property yields for comparable properties.

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 creditor and loans from related parties.

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 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st December 2024

2,145,000

Revaluations

180,000

At 30th November 2025

2,325,000

NET BOOK VALUE

At 30th November 2025

2,325,000

At 30th November 2024

2,145,000

Investment property was valued by Jackson Stops on 2 March 2026. The valuation takes current market value and future market rate rental income figures into account.

Fair value at 30th November 2025 is represented by:

£

Valuation in 2025

180,000

Cost

2,145,000

2,325,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Other debtors

3,284

3,284

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Taxation and social security

8,917

4,898

Other creditors

577,454

605,240

586,371

610,138

7.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1st December 2024

20,882

1,542,649

1,563,531

Profit for the year

173,123

173,123

At 30th November 2025

194,005

1,542,649

1,736,654

The merger reserve (other reserves) arose on the share-for-share exchange undertaken as part of the prior year group reconstruction when the Company became the parent of AUK Holdings Ltd and was accounted for using merger accounting principles.

8.	RELATED PARTY DISCLOSURES

At the balance sheet date the Company owed £387,740 to N S J F Asheshov, a director of the company.

At the balance sheet date the Company owed £185,000 to N P M F Asheshov, a director of the company.