Company registration number 09553125 (England and Wales)
Ashley221 Limited
Financial Statements
For the year ended
28 February 2026
Pages for filing with registrar
Ashley221 Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Ashley221 Limited
Statement Of Financial Position
As at 28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investment properties
5
3,250,000
3,250,000
Current assets
Debtors
6
93
31
Cash at bank and in hand
3,435
5,975
3,528
6,006
Creditors: amounts falling due within one year
Other creditors
7
2,501,004
2,508,372
Net current liabilities
(2,497,476)
(2,502,366)
Total assets less current liabilities
752,524
747,634
Creditors: amounts falling due after more than one year
8
(1,575,000)
(1,575,000)
Net liabilities
(822,476)
(827,366)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(822,576)
(827,466)
Total equity
(822,476)
(827,366)

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

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

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he member has 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.

Ashley221 Limited
Statement Of Financial Position (Continued)
As at 28 February 2026
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 5 June 2026 and are signed on its behalf by:
C. Van Niekerk
Director
Company Registration No. 09553125
Ashley221 Limited
Notes To The Financial Statements
For the year ended 28 February 2026
- 3 -
1
General information

Ashley221 Limited is a private company limited by shares incorporated in England and Wales. The registered office is Dixcart House, Addlestone Road, Bourne Business Park, Addlestone, Surrey, KT15 2LE.

2
Accounting policies
2.1
Basis of preparation

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors also expect the continued support of the company's parent undertaking. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3
Revenue

Turnover comprises rent receivable by the company and is recognised on a straight line basis over the term of the relevant lease.

2.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.5
Investment property

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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

2.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

Ashley221 Limited
Notes To The Financial Statements (Continued)
For the year ended 28 February 2026
2
Accounting policies
(Continued)
- 4 -
2.7
Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less.

3
Employees

The company employed no persons during the current and preceding years.

4
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 March 2025 and 28 February 2026
7,996
Depreciation and impairment
At 1 March 2025 and 28 February 2026
7,996
Carrying amount
At 28 February 2026
-
0
At 28 February 2025
-
0
5
Investment property
2026
£
Fair value
At 1 March 2025 and 28 February 2026
3,250,000

On 2 8 February 202 6 the investment property was valued by the directors at £3,250,000 (202 5: £3,250,000).

Ashley221 Limited
Notes To The Financial Statements (Continued)
For the year ended 28 February 2026
- 5 -
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
93
31
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
7,464
-
0
Amounts owed to group undertakings
2,490,000
2,505,000
Other creditors
3,540
3,372
2,501,004
2,508,372
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
1,575,000
1,575,000

The loan is secured by way of a fixed charge over the company's investment property.

It is the intention of the company to renew the loan for a further 5 years, when it comes up for renewal in September 2026.

9
Parent company

The company is controlled by its parent company Castlai Limited, incorporated in Nevis, with registered office at Isle of Man.

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