Company Registration No. 06296760 (England and Wales)
ASHVILLE PROJECTS LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2021
PAGES FOR FILING WITH REGISTRAR
ASHVILLE PROJECTS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
ASHVILLE PROJECTS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2021
31 March 2021
- 1 -
31 March 2021
31 December 2019
Notes
£
£
£
£
Current assets
Debtors
4
263
160
Cash at bank and in hand
9,323
11,044
9,586
11,204
Creditors: amounts falling due within one year
5
(1,583)
(31,315)
Net current assets/(liabilities)
8,003
(20,111)
Creditors: amounts falling due after more than one year
6
(30,000)
Net liabilities
(21,997)
(20,111)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(22,097)
(20,211)
Total equity
(21,997)
(20,111)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 1 December 2021 and are signed on its behalf by:
S J Crowder
Director
Company Registration No. 06296760
ASHVILLE PROJECTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2021
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2019
100
(18,119)
(18,019)
Period ended 31 December 2019:
Loss and total comprehensive income for the period
-
(2,092)
(2,092)
Balance at 31 December 2019
100
(20,211)
(20,111)
Period ended 31 March 2021:
Loss and total comprehensive income for the period
-
(1,886)
(1,886)
Balance at 31 March 2021
100
(22,097)
(21,997)
ASHVILLE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2021
- 3 -
1
Accounting policies
Company information
Ashville Projects Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Vintry Building, Wine Street, Bristol, United Kingdom, BS1 2BD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
The accounts have been prepared on a going concern basis as funds have been made available by the group undertakings to enable the company to meet its debts as and when they fall due. The group undertaking has confirmed its continuing support and the directors are confident that continued support will be forthcoming and have placed reliance on that position, albeit the group undertaking's support it not legally enforceable.
true
1.3
Reporting period
During the period, the company extended its year end from 31 December 2020 to 31 March 2021 to align with the wider group. The
comparative amounts presented in the financial statements (including
the related notes) are not entirely comparable.
1.4
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
ASHVILLE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2021
- 4 -
2
Auditor's remuneration
31 March 2021
31 December 2019
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
950
1,315
3
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
31 March 2021
31 December 2019
Number
Number
Total
3
3
4
Debtors
31 March 2021
31 December 2019
Amounts falling due within one year:
£
£
Other debtors
263
160
5
Creditors: amounts falling due within one year
31 March 2021
31 December 2019
£
£
Other creditors
1,583
31,315
Included within other creditors is an amount of £nil (Year to 31 December 2019: £30,000) in respect of an interest free loan received from a group undertaking, Croydon Investments Limited. The loan is repayable on demand.
6
Creditors: amounts falling due after more than one year
31 March 2021
31 December 2019
£
£
Other creditors
30,000
ASHVILLE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2021
- 5 -
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements
,
the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006
:
The auditor's report was unqualified.
The senior statutory auditor was Nicholas Parrett and the auditor was Azets Audit Services.
8
Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
9
Parent company
The immediate parent undertaking is Ashville UK Group Limited, a company registered in England and Wales.
The company's ultimate parent undertaking is Ashville Capital Investments Limited, a company registered in the British Virgin Islands.