Ashley Guest Houses Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05023152 (England and Wales)

Financial Statements for the Year Ended 31st March 2025

for

Ashley Guest Houses Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M S Grant

SECRETARY:

M S Grant

REGISTERED OFFICE:

C/O Ocg Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Billingham

Co. Durham

TS23 4EA

REGISTERED NUMBER:

05023152 (England and Wales)

ACCOUNTANTS:

OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Coxwold Way

Billingham

Co. Durham

TS23 4EA

FIXED ASSETS

Intangible assets

4

50,000

Tangible assets

5

118,876

98,517

168,876

148,517

CURRENT ASSETS

Debtors

6

624,945

390,102

Cash at bank

76,274

219,913

701,219

610,015

CREDITORS

Amounts falling due within one year

7

(140,281

)

(94,203

)

NET CURRENT ASSETS

560,938

515,812

TOTAL ASSETS LESS CURRENT LIABILITIES

729,814

664,329

CREDITORS

Amounts falling due after more than one
year

8

(77,895

)

(64,959

)

NET ASSETS

651,919

599,370

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

651,819

599,270

651,919

599,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17th June 2026 and were signed by:

M S Grant - Director

1.	STATUTORY INFORMATION

Ashley Guest Houses Limited 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.

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.

TURNOVER

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

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2024

and 31st March 2025

50,000

NET BOOK VALUE

At 31st March 2025

50,000

At 31st March 2024

50,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1st April 2024

64,648

128,731

60,699

8,329

262,407

Additions

23,500

4,323

34,995

-

62,818

Disposals

(7,500

)

-

(7,500

)

At 31st March 2025

80,648

133,054

95,694

8,329

317,725

DEPRECIATION

At 1st April 2024

38,252

86,978

32,484

6,176

163,890

Charge for year

11,766

11,519

15,802

538

39,625

Eliminated on disposal

(4,666

)

-

(4,666

)

At 31st March 2025

45,352

98,497

48,286

6,714

198,849

NET BOOK VALUE

At 31st March 2025

35,296

34,557

47,408

1,615

118,876

At 31st March 2024

26,396

41,753

28,215

2,153

98,517

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

14,674

117,704

Tax refund

2,531

Other debtors

606,540

269,167

Prepayments

1,200

700

624,945

390,102

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

5,556

Hire purchase contracts

12,066

6,739

Trade creditors

10,178

3,547

Tax

82,852

67,551

VAT

25,046

6,497

Directors' current accounts

875

617

Accrued expenses

3,708

3,696

140,281

94,203

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 2-5 years

23,148

28,704

Hire purchase contracts

54,747

36,255

77,895

64,959

9.	RELATED PARTY DISCLOSURES

At the year end, Ashley Guest Houses Limited was owed £189,463 (2024: £120,468) by Bristol Housing and Support Limited an entity over which the director has control. This balance is included within other debtors (note 7). This is interest free and repayable on demand.

At the year end, Ashley Guest Houses Limited was owed £130,251 (2024: £138,699) by Grant Family Partnership LLP an entity over which the director has control. This balance is included within other debtors (note 7).