REGISTERED NUMBER: 10563187 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Ascot Progressive Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S Bevis

REGISTERED OFFICE:

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

REGISTERED NUMBER:

10563187 (England and Wales)

ACCOUNTANTS:

Geoffrey Cole & Co

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

623,788

623,788

623,788

623,788

CURRENT ASSETS

Debtors

6

1,156

2,061

Cash at bank

16,236

4,077

17,392

6,138

CREDITORS

Amounts falling due within one year

7

148,880

150,204

NET CURRENT LIABILITIES

(131,488

)

(144,066

)

TOTAL ASSETS LESS CURRENT LIABILITIES

492,300

479,722

CREDITORS

Amounts falling due after more than one year

8

480,245

480,245

NET ASSETS/(LIABILITIES)

12,055

(523

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

12,053

(525

)

SHAREHOLDERS' FUNDS

12,055

(523

)

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 29 July 2026 and were signed by:

S Bevis - Director

1.	STATUTORY INFORMATION

Ascot Progressive Ltd 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.

The director has reviewed the accounting policy for the preparation of the accounts and in view of his continued financial support of the business has concluded that preparation of the accounts under the going concern concept is appropriate.

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 etc

-

33% on cost

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

6,603

DEPRECIATION

At 1 April 2025

and 31 March 2026

6,603

NET BOOK VALUE

At 31 March 2026

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

623,788

NET BOOK VALUE

At 31 March 2026

623,788

At 31 March 2025

623,788

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

1,156

2,061

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

3,015

1,466

Other creditors

145,865

148,738

148,880

150,204

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

480,245

480,245

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

480,245

480,245

9.	SECURED DEBTS

Landbay Partners Ltd and Charter Court Financial Services Limited hold charges over the investment property.

10.	RELATED PARTY DISCLOSURES

Included within Other Creditors is an amount of £117,500 (2025 : £107,500) which is owed to Ascot Build & Design Ltd, a company which S Bevis is also a director and shareholder of. This amount is interest free and there are no set repayment terms.