Ashlar Property Management Ltd

Registered number

03935747

Unaudited Filleted Accounts

31 March 2025

Ashlar Property Management Ltd
Registered number:		03935747
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,820,000			1,820,850

Current assets
Debtors	4	2,603			1,817
Cash at bank and in hand		123,632			8,183
		126,235			10,000

Creditors: amounts falling due within one year	5	(243,879)			(242,513)

Net current liabilities			(117,644)			(232,513)

Total assets less current liabilities			1,702,356			1,588,337

Creditors: amounts falling due after more than one year	6		(989,162)			(855,287)

Provisions for liabilities			(102,774)			(102,613)


Net assets			610,420			630,437

Capital and reserves
Called up share capital			100			100
Profit and loss account			610,320			630,337

Shareholders' funds			610,420			630,437

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Samantha Jones
Director
Approved by the board on 14 November 2025

Ashlar Property Management Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			No Depreciation
	Leasehold land and buildings			No Depreciation
	Computer equipment			over 3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	1,486,032		2,549		333,968		1,822,549
	At 31 March 2025	1,486,032		2,549		333,968		1,822,549

	Depreciation
	At 1 April 2024	-		1,699		-		1,699
	Charge for the year	-		850		-		850
	At 31 March 2025	-		2,549		-		2,549

	Net book value
	At 31 March 2025	1,486,032		-		333,968		1,820,000
	At 31 March 2024	1,486,032		850		333,968		1,820,850


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					1,279,084		1,279,084
	Cumulative depreciation based on historical cost					-		-
						1,279,084		1,279,084
	During the 2025 yearend the directors carried out a revaluation of the nine properties now held by the Company. The estimated current resale values for the properties was established by looking at similar properties for sale in and around their immediate locations. Valuation as at 31st March 2024 is £1,820,000 (2024: Valuation £1,820,000).
	The combined historic cost value of the nine properties was £1,279,083 (2024:£1,279,083). The properties are not depreciated and any gain or loss under FR102 is now transferred to the profit and loss account as non distributable reserves. In 2015 and prior years any revaluation of the property was transferred to the Revaluation Reserve

4	Debtors					2025		2024
£							£

	Other debtors					2,603		1,817


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					58		100
	Bond creditors					2,342		1,650
	Trade creditors					324		-
	Other creditors					241,155		240,763
						243,879		242,513


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					989,162		855,287


7	Loans					2025		2024
£							£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years					989,162		855,287


	Secured bank loans					989,162		855,287

	The loans are interest only mortgages secured on the assets of Mckennas View, 15 Bagborough Drive, 25 School House Mews, The Hollies, Cowdery Heights, Hepworth Gardens and 10 Cleaves Terrace. In addition each of the three directors has provided a personal guarantee


8	Related party transactions

	None noted

9	Transactions with Directors

	During the year the directors used current accounts with the company to record amounts due to them and amounts drawn by them. The accounts show an amount owing back to the directors as at 31st March 2024 of £239,555.09.14 (2024: £239,224.14). The amount is repayable on demand and does not carry interest.

10	Controlling party

	David Jones owns 40% of the share capital with Gillian Jones and Samantha Jones each owning 30%. As David owns the largest share holding he is the ultimate controlling party.

11	Other information

	Ashlar Property Management Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	The Old Mill
	Millbrook Llangenny
	Crickhowell
	Powys
	NP8 1EY