The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

Ashley Gardens Freeholds Limited is a private company limited by shares incorporated in England and Wales. The trading address and registered office is Block 11 Ashley Gardens, Thirleby Road, Westminster, London, SW1P 1HW.

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.

All amounts are in British Pounds (£).

The numbers are based on what things originally cost (historical cost), not what they might be worth today.

The principal accounting policies adopted are set out below.

The directors have looked at whether the company can continue to operate successfully in the future ("going concern").

They believe that the income from licenses (likely payments from leaseholders) and other sources will continue to be enough to cover the company's bills.

Based on their financial projections, the directors are confident that the company has enough money to continue operating for the foreseeable future.

The company makes money from license fees, ground rents, and other income from properties it controls.

They record the income when they have the right to receive it. If the income covers a period of time, they spread it out over that period.

The actual buildings that Ashley Gardens Freeholds Limited owns such as the estate office and the handyman workspace in the cellar of block 9, generally don't lose value in a noticeable way, so they aren't depreciated.

The company uses Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102.

Financial instruments are recorded when the company enters into a contract.

If the company has the legal right to offset assets and liabilities (meaning using one to pay off the other), and intends to do so, they can show the net amount on the financial statements.

"Basic financial assets" like accounts receivable (money owed to the company) and bank balances are recorded at their initial transaction price including any transaction costs.

Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

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

Financial liabilities (debts) and equity instruments (ownership stakes) are classified based on the details of the contract. An equity instrument represents what's left over after all debts are paid.

Financial liabilities are initially recorded at the transaction price, with some exceptions for financing arrangements

Financial liabilities are classified according to the substance of the contractual arrangements entered into.

Financial liabilities classified as payable within one year are not amortised.

When the company issues shares (equity instruments), they record the money they receive, minus any costs associated with issuing the shares.

Dividends (payments to shareholders) are recorded as debts of the company once the company no longer has the discretion to withhold them (i.e., they've been declared). Dividends have been issued in the past but as the company has no more long leases to sell, are not likely to be issued in the coming years.

The amount of tax the company owes is based on its taxable profit, which may be different from its accounting profit because some income and expenses are taxed differently or at different times.

The company calculates its tax liability using the tax rates that are in effect at the end of the reporting period.

The average number of directors during the year was 7 (2024: 7). The directors received no remuneration.

The average number of employees during the year was 9 (2024: 9). Employee costs are reimbursed by the service charge.

Details of the company's subsidiaries at 25 December 2025 are as follows:

Note 1. Block 11, Ashley Gardens, Thirleby Road London, SW1P 1HW, United Kingdom. These are the dormant companies that were in the past used to facilitate the transfer of freeholds.

Most of the deposits are service charge deposits that we hold for leaseholders and plan to release back to them when they sell their flats

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 25 December 2025 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

The Company operates a Service charge in respect of the properties where it holds an interest. The expenditure incurred on behalf of the Service Charge for the year amounted to £1,559,674 (2024: £1,602,861). This expenditure is fully recoverable from the lessees. Amounts due from the Service Charge at the year end amount to £5,531 (2024: £4,061).