ACCOUNTS - Final Accounts preparation

Registered number: 14519808

ASCENSION YOUTH CARE SERVICES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2025

ASCENSION YOUTH CARE SERVICES LIMITED

REGISTERED NUMBER: 14519808

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		-		6,862
			-		6,862
Current assets
Debtors: amounts falling due within one year	5	200		200
Cash at bank and in hand	6	-		4,503
		200		4,703
Creditors: amounts falling due within one year	7	(345,463)		(396,600)
Net current liabilities			(345,263)		(391,897)
Total assets less current liabilities			(345,263)		(385,035)

Net liabilities			(345,263)		(385,035)

Capital and reserves
Called up share capital	200	200
Profit and loss account	(345,463)	(385,235)
	(345,263)	(385,035)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

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ASCENSION YOUTH CARE SERVICES LIMITED

REGISTERED NUMBER: 14519808

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 AUGUST 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 May 2026.

C J Spires

Director

The notes on pages 3 to 5 form part of these financial statements.

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ASCENSION YOUTH CARE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

The company is a private company limited by shares and is registered in England and Wales.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 following principal accounting policies have been applied:

2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	20%	straight line
				Office equipment	-	20%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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ASCENSION YOUTH CARE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 0 (2024 - 0).

4.	Tangible fixed assets

	Fixtures and fittings	Office equipment	Total
	£	£	£

At 1 September 2024	7,650	1,128	8,778
Disposals	(7,650)	(1,128)	(8,778)
At 31 August 2025	-	-	-

At 1 September 2024	1,773	143	1,916
Charge for the year on owned assets	(1,773)	(143)	(1,916)
At 31 August 2025	-	-	-
Net book value
At 31 August 2025	-	-	-
At 31 August 2024	5,877	985	6,862

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ASCENSION YOUTH CARE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Debtors

					2025	2024
					£	£


Other debtors	200	200
	200	200

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	-	4,503
Less: bank overdrafts	(11)	-
	(11)	4,503

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	11	-
Trade creditors	2,637	85
Other creditors	342,815	255,665
Accruals and deferred income	-	140,850
	345,463	396,600

8.	Related party transactions
	During the period, the company received loans of £87,150 (2024: £187,318) from a company controlled by a person with significant influence over the company. Interest accrued on these loans during the year was £nil (2024: £21,832). At the period end, amounts due to this related party were £342,815 (2024: £396,514).

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