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

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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

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

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Ashleigh Jade Limited is a private company limited by shares incorporated in England and Wales. The registered office is 26 Station Road, Desford, Leicestershire, LE9 9FN.

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 investment properties at fair value. The principal accounting policies adopted are set out below.

The financial statements are prepared on the going concern basis, which presumes that the company will be able to continue in operational existence for the foreseeable future, notwithstanding that at the balance sheet date the company had net current liabilities of £384,987. The director believes this basis to be appropriate as the company has a liability of £372,577 due to a trust and, while this liability is technically repayable on demand, the trustees have indicated that they have no intention of requiring repayment of the debt for so long as it is required by the company.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. An amount equivalent to the changes in fair value (net of provision for any deferred taxation payable) is transferred to a seperate investment property revaluation reserve, except to the extent that it represents a diminution in value below the cost of the investment properties.

No depreciation is provided on investment properties.

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.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ 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.

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.

Basic financial liabilities, which include creditors and loans are initially recognised at transaction price 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The cost of the initial purchases of investment properties in Euros is translated into Sterling at the rate of exchange ruling at the date of the transaction. At each year end the assets are valued in Euros and are translated into Sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are reflected in the resultant revaluation surplus or deficit.

Other transactions in foreign currencies are translated into Sterling at the rate ruling at the date of the transaction. Assets and liabilities created by such transactions are translated into Sterling at the rates of exchange ruling at the balance sheet date. The resultant exchange differences are taken into account in arriving at the operating result.

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

Investment property consists of a freehold residential apartment in Spain, which is included in the balance sheet at the director's estimate of its fair value at 31 August 2025, based on his knowledge of the local market in Spain and of sales of similar properties.

Corporation tax of £17,243 (2024: £13,796) at 25% would be payable if the property was sold at its balance sheet value, after taking into account tax losses brought forward of £25,632 from a previous sale.

The revaluation surplus arising in the year, net of the movement in the provision for deferred taxation, of £10,341 has been transferred, through reserves, to a separate investment property revaluation reserve from retained profit.

The historic cost of the fixed asset investment property as at 31 August 2025 was £359,924 (2024: £359,924).

The Matthew William Hamill Damages Settlement ("the trust"), which is a bare trust for Mr Matthew William Hamill (who is the son of the director Mr D.A. Hamill), provided the company with a loan to purchase the residential property in Spain which is held as an investment property. The purchase was an arms length transaction from a third party. Subsequently, the property has been occupied at various times, rent free, by Mr M.W. Hamill, his family and carers. All of the running expenses of the property have been met by the trust or Mr M.W. Hamill's family.

The loan from the trust is interest free and although the balance is technically repayable on demand, the trustees have indicated that they have no intention of requiring repayment until such time as the property is sold.