REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2023 |
for |
Ascot Waterloo Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2023 |
for |
Ascot Waterloo Limited |
Ascot Waterloo Limited (Registered number: 07951004) |
Contents of the Financial Statements |
for the Year Ended 30 April 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Ascot Waterloo Limited |
Company Information |
for the Year Ended 30 April 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
Ascot Waterloo Limited (Registered number: 07951004) |
Balance Sheet |
30 April 2023 |
30.4.23 | 30.4.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Ascot Waterloo Limited (Registered number: 07951004) |
Balance Sheet - continued |
30 April 2023 |
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 |
Ascot Waterloo Limited (Registered number: 07951004) |
Notes to the Financial Statements |
for the Year Ended 30 April 2023 |
1. | STATUTORY INFORMATION |
Ascot Waterloo Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
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. |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
Turnover |
Turnover represents the fair value of the consideration received for properties sold, commissions received and rental income. Turnover is accounted for in the period to which it relates. |
Investments in subsidiaries |
Investments in subsidiaries are recorded at cost. Provision for impairment is made where necessary.. |
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. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. |
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 balance sheet date. |
Ascot Waterloo Limited (Registered number: 07951004) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2023 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 May 2022 |
Additions |
At 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 30 April 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2022 |
Additions |
At 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 30 April 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Ascot Waterloo Limited (Registered number: 07951004) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
Ascot Waterloo Limited (Registered number: 07951004) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2023 |
8. | RELATED PARTY DISCLOSURES |
T P Riley is also a director of Ascot Properties UK Limited, Ascot Developments Group Limited, Ascot Homes Liverpool Limited, Ascot Liverpool Towers Limited, Ascot Leisure Limited, Ascot Capital Liverpool Limited, Ascot Group Shorrocks Hill Limited, Ascot Group SPV 001 Limited, EMR Columbus Quay Limited, Team Ascot Limited, Sharl Limited and Ascot Luxury Living Limited. |
Included in debtors as at 30th April 2023 is £3,553,022 (2022 £9,206,851) owing from Ascot Properties UK Limited. |
Included in debtors as at 30th April 2023 is £9,007 (2022 £2,604,250) owing from Ascot Developments Group Limited. |
Included in other creditors as at 30th April 2023 is £18,025 (2022 £50,000) owing to Ascot Homes Liverpool Limited. |
Included in debtors as at 30th April 2023 is £2,374,371 (2022 £1,185,241) owing from Ascot Liverpool Towers Limited. |
Included in debtors as at 30th April 2023 is £663,549 owing from Ascot Leisure Limited. |
Included in debtors as at 30th April 2023 is £2,878,588 owing from Ascot Capital Liverpool Limited. |
Included in debtors as at 30th April 2023 is £43,572 owing from Ascot Group Shorrocks Hill Limited. |
Included in debtors as at 30th April 2023 is £2,535,908 owing from Ascot Group SPV 001 Limited. |
Included in other creditors as at 30th April 2023 is £1,203,655 owing to EMR Columbus Quay Limited. |
Included in other creditors as at 30th April 2023 is £147,304 owing to Team Ascot Limited. |
Included in other creditors as at 30th April 2023 is £250,182 owing to Sharl Limited. |
Included in other debtors as at 30th April 2023 is £2,007,328 owing from Ascot Luxury Living Limited. |
T P Riley is also a director of Premier Fencing (NW) Limited. |
Included in other creditors as at 30th April 2023 is £891 owing to Premier Fencing (NW) Limited. |
Included in other debtors as at 30th April 2023 is £1,991,328 (2022 £5,000 was included in creditors) owing from Ascot Luxury Living Limited. |
L S Riley, wife of T P Riley is a director of Ascot Towers Southport Limited. |
Included in other creditors as at 30th April 2023 is £65,655 (2022 £402,399) owing to Ascot Towers Southport Limited. |
J T Riley, son of T P Riley is a director of Johnsons Stanley Limited. |
Included in other debtors as at 30th April 2023 is £963,931 owing from Johnsons Stanley Limited. |
These loans are interest free and repayable on demand. |