G Ashcroft and Co LLP Accounts

at	31 March 2026

Registered No.			NC000348	Notes	2026	2025
					£	£
Fixed assets
	Tangible assets			4	1,039,338	1,039,338
					1,039,338	1,039,338
Current assets
	Debtors			5	51,882	3,496
	Cash at bank and in hand				42,574	79,952
					94,456	83,448
Creditors: Amounts falling due within one year				6	(2,731)	(2,449)
Net current assets					91,725	80,999
Total assets less current liabilities					1,131,063	1,120,337
Net assets attributable to members					1,131,063	1,120,337

Represented by:
	Members' other interests
		Members' capital			1,114,389	1,114,389
		Other reserves			16,674	5,948
					1,131,063	1,120,337

					1,131,063	1,120,337



These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

For the year ended 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit)(Application of Companies Act 2006) Regulations 2008 relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the members on 22 September 2026 and signed on its behalf by:

E. H.Meuwissen
Designated member
22 September 2026

for the year ended 31 March 2026

General information

G Ashcroft and Co LLP is a limited liability partnership and incorporated in Northern Ireland.

Its registered number is: NC000348

Its registered office is:

1 Ormonde Avenue

Ballyhenry Road

Newtownabbey

BT36 5AT

1.10

The accounts have been prepared in accordance and comply with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.

Going concern

Accounting policies

Revenue recognition

Turnover represents the fair value of consideration receivable for goods supplied and services provided during the year, net of VAT and trade discounts. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the customer, recovery of the consideration is probable, the associated costs can be estimated reliably and there is no continuing management involvement with the goods. Revenue from the provision of services is recognised in the accounting period in which the services are rendered.

Members' remuneration and division of profits

Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account. In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense. Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Members' Interests

Members' interests are classified as either equity or debt. Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves. Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.

Taxation

Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

3	Employees
		2026	2025
		Number	Number

	The average number of persons employed during the year was:	0.10	0.10

4	Tangible fixed assets
		Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
		£	£	£	£	£
	Cost
	At 1 April 2025	1,039,338	3,550	-	-	1,042,888
	At 31 March 2026	1,039,338	3,550	-	-	1,042,888
	Depreciation
	At 1 April 2025	-	3,550	-	-	3,550
	At 31 March 2026	-	3,550	-	-	3,550
	Net book values
	At 31 March 2026	1,039,338	-	-	-	1,039,338
	At 31 March 2025	1,039,338	-	-	-	1,039,338

5	Debtors
		2026	2025
		£	£
	Trade debtors	1,882	2,532
	VAT recoverable	-	964
	Other debtors	50,000	-
		51,882	3,496

6	Creditors:
	amounts falling due within one year
		2026	2025
		£	£
	Bank loans and overdrafts	-	-
	Trade creditors	1,153	963
	Other taxes and social security	92	-
	Accruals and deferred income	1,486	1,486
		2,731	2,449

7	Transition to FRS 102
	The impact from the transition to FRS 102 is as follows:

	Reconciliation of equity:
				At 1 April 2024			At 31 March 2025
			Notes	As previously stated	Effect of transition	FRS 102 (as restated)	As previously stated	Effect of transition	FRS 102 (as restated)
				£	£	£	£	£	£

	Current assets		1	-	-	-	-	83,448.00	83,448.00
	Creditors: Amounts falling due within one year		2	-	-	-	-	(2,449.00)	(2,449.00)
	Net current assets			-	-	-	-	80,999.00	80,999.00

	Total assets less current liabilities			-	-	-	-	80,999.00	80,999.00



	Net assets			-	-	-	-	80,999.00	80,999.00

	Members' interests		3	-	-	-	-	(1,120,337.00)	(1,120,337.00)

	Details of changes to previously reported equity:


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G Ashcroft and Co LLP

	Registered No. NC000348

	Information for Filing with the Registrar
		31 March 2026