REGISTERED NUMBER: 09621941 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Ashland New Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Snooks

J E Snooks

SECRETARY:

J E Snooks

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

09621941 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Owned

Tangible assets

4

-

38,735

Investment property

5

425,400

425,400

Right-of-use

Tangible assets

4, 9

32,881

-

458,281

464,135

CURRENT ASSETS

Stocks

1,251,641

959,843

Debtors

6

4,564

15,755

Cash at bank

4,628

201,191

1,260,833

1,176,789

CREDITORS

Amounts falling due within one year

7

1,617,468

1,543,455

NET CURRENT LIABILITIES

(356,635

)

(366,666

)

TOTAL ASSETS LESS CURRENT LIABILITIES

101,646

97,469

CREDITORS

Amounts falling due after more than one year

8

(15,404

)

-

PROVISIONS FOR LIABILITIES

10

(1,954

)

-

NET ASSETS

84,288

97,469

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

84,188

97,369

SHAREHOLDERS' FUNDS

84,288

97,469

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

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

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2026 and were signed on its behalf by:

J E Snooks - Director

S J Snooks - Director

1.	STATUTORY INFORMATION

Ashland New Homes 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 as modified by the revaluation of certain assets.

The company has early adopted the amendments to FRS 102 (Periodic Review 2024) with effect from 1 November 2024, prior to their mandatory effective date of 1 January 2026.

Turnover

Turnover represents the value of completed property sales and is recognised on the completion date of the property sale.

Turnover also includes property renovation services which are recognised in the period in which the services was provided,

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

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.

Stock and work in progress

Stock and work in progress represents the cost of land, all relevant development costs and attributable overheads to date, valued at the lower of cost and net realisable value.

Cost represents the invoiced cost of materials and services.

Net realisable value is based upon the estimated selling price less further costs expected to be incurred to completion and disposal.

Deferred tax

Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

Leases

Leases are recognised as finance leases. The lease liability is initially recognised at the present value of the lease payments which have not yet been made and subsequently measured under the amortised cost method. The initial cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, lease payments made prior to the lease commencement date, initial direct costs and the estimated costs of removing or dismantling the underlying asset per the conditions of the contract.

Where ownership of the right-of-use asset transfers to the lessee at the end of the lease term, the right-of-use asset is depreciated over the asset’s remaining useful life. If ownership of the right-of-use asset does not transfer to the lessee at the end of the lease term, depreciation is charged over the shorter of the useful life of the right-of-use asset and the lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

1,659

75,652

3,497

80,808

Additions

-

39,457

-

39,457

Disposals

-

(75,652

)

-

(75,652

)

At 31 October 2025

1,659

39,457

3,497

44,613

DEPRECIATION

At 1 November 2024

1,659

36,917

3,497

42,073

Charge for year

-

6,576

-

6,576

Eliminated on disposal

-

(36,917

)

-

(36,917

)

At 31 October 2025

1,659

6,576

3,497

11,732

NET BOOK VALUE

At 31 October 2025

-

32,881

-

32,881

At 31 October 2024

-

38,735

-

38,735

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

425,400

NET BOOK VALUE

At 31 October 2025

425,400

At 31 October 2024

425,400

Fair value at 31 October 2025 is represented by:

£

Valuation in 2025

425,400

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

425,400

425,400

Aggregate depreciation

(17,762

)

(9,254

)

The investment property was valued on fair value basis basis on 31 October 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,170

13,404

Prepayments

3,394

2,351

4,564

15,755

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Leases (see note 9)

9,660

-

Trade creditors

15,420

635

Tax

7,605

9,355

Social security and other taxes

688

498

Directors' current accounts

1,579,667

1,494,826

Accrued expenses

4,428

38,141

1,617,468

1,543,455

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Leases (see note 9)

15,404

-

9.

LEASING

Right-of-use assets

Tangible fixed assets

2025

2024

£

£

COST OR VALUATION

Additions

39,457

-

DEPRECIATION

Charge for year

6,576

-

NET BOOK VALUE

32,881

-

Lease liabilities

Minimum lease payments fall due as follows:

2025

2024

£

£

Gross obligations repayable:

Within one year

10,627

-

Between one and five years

15,941

-

26,568

-

Finance charges repayable:

Within one year

967

-

Between one and five years

537

-

1,504

-

Net obligations repayable:

Within one year

9,660

-

Between one and five years

15,404

-

25,064

-

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Finance lease assets

1,954

-

Deferred

tax

£

Provided during year

1,954

Balance at 31 October 2025

1,954