REGISTERED NUMBER: 09223798 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

ASHBEE ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J K Dalberg

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

09223798 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

198

368

Investment property

5

9,222,265

9,169,506

9,222,463

9,169,874

CURRENT ASSETS

Debtors

6

63,831

85,086

Cash at bank

36,448

287,386

100,279

372,472

CREDITORS

Amounts falling due within one year

7

735,880

749,887

NET CURRENT LIABILITIES

(635,601

)

(377,415

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,586,862

8,792,459

CREDITORS

Amounts falling due after more than one year

8

(5,433,285

)

(5,433,285

)

PROVISIONS FOR LIABILITIES

11

(50,317

)

(37,127

)

NET ASSETS

3,103,260

3,322,047

CAPITAL AND RESERVES

Called up share capital

2,215,270

2,215,270

Fair value reserve

252,537

250,383

Retained earnings

635,453

856,394

3,103,260

3,322,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 9 July 2026 and were signed by:

J K Dalberg - Director

1.	STATUTORY INFORMATION

Ashbee Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

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

Turnover represents rent earned by properties owned by the company.

Tangible fixed assets

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

Computer equipment

-

straight line over 3 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and then transferred to a revaluation reserve.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

3.

EMPLOYEES

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2025

and 31 March 2026

509

DEPRECIATION

At 1 April 2025

141

Charge for year

170

At 31 March 2026

311

NET BOOK VALUE

At 31 March 2026

198

At 31 March 2025

368

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

9,169,506

Revaluations

52,759

At 31 March 2026

9,222,265

NET BOOK VALUE

At 31 March 2026

9,222,265

At 31 March 2025

9,169,506

Fair value at 31 March 2026 is represented by:

£

Valuation in 2020

9,026

Valuation in 2023

315,627

Valuation in 2024

(433,426

)

Valuation in 2025

257,282

Valuation in 2026

52,759

Cost

9,020,997

9,222,265

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

8,205

7,439

Prepayments

55,626

77,647

63,831

85,086

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

13,293

2,958

Tax

7,420

45,363

Social security and other taxes

27,714

9,257

Other creditors

7,561

8,101

Directors' current accounts

591,891

587,481

Accruals and deferred income

88,001

96,727

735,880

749,887

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 9)

5,433,285

5,433,285

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

5,433,285

5,433,285

9.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

5,433,285

5,433,285

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

5,433,285

5,433,285

The bank loans are secured on the investment properties.

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

50,317

37,127

Deferred

tax

£

Balance at 1 April 2025

37,127

Provided during year

13,190

Balance at 31 March 2026

50,317