Year Ended
Registration number:
Ashton Bentley Estates Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Ashton Bentley Estates Limited
Company Information
Directors |
Mr R N McArdell Mr A W Leedham |
Company secretary |
Michelmores Secretaries Limited |
Registered office |
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Accountants |
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Ashton Bentley Estates Limited
Balance Sheet
30 September 2021
Note |
2021 |
2020 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Ashton Bentley Estates Limited
Balance Sheet
30 September 2021
For the financial year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 10176582
Ashton Bentley Estates Limited
Notes to the Unaudited Financial Statements
Year Ended 30 September 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
23, Schooner Park
Schooner Court
Crossways Business Park
Dartford
DA2 6NW
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There are no material departures from FRS 102.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Ashton Bentley Estates Limited is considered to be pounds sterling because it is the currency of the primary economic environment in which the company operates.
Going concern
Following the impact of the Covid-19 pandemic on the company and wider economy, the Directors have reviewed forecast cash flows and available facilities for the group for a period of at least 12 months from the approval of these financial statements, including those entered into since the period end. The Directors have concluded that these are sufficient to support the going concern status of the company. As such, the financial statements have been prepared on a going concern basis.
Ashton Bentley Estates Limited
Notes to the Unaudited Financial Statements
Year Ended 30 September 2021
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Rental income is recognised on a straight line basis over the life of the lease granted. Lease premiums and rent free periods are recognised on a straight line basis over the life of the lease granted.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Where buildings are rented to other group members they are not treted as investment properties and are depreciated accordingly.
Depreciation
Depreciation is charged, once an asset is in use, so as to write off the cost of assets once brought into use, other than freehold land, over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Freehold buildings |
50 years straight line |
Ashton Bentley Estates Limited
Notes to the Unaudited Financial Statements
Year Ended 30 September 2021
Financial instruments
Classification
Recognition and measurement
The company holds the following financial instruments:
• Short term trade debtors and creditors; and
• Group balances
All of the financial instruments of the company are considered to be basic financial instruments. Such instruments are initially measured at transaction price, including transaction costs. Those instruments considered current are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
The company does not employ any staff other than the directors. The directors are remunerated from another group company.
Ashton Bentley Estates Limited
Notes to the Unaudited Financial Statements
Year Ended 30 September 2021
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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At 1 October 2020 |
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Additions |
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At 30 September 2021 |
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Depreciation |
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At 1 October 2020 |
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Charge for the year |
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At 30 September 2021 |
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Carrying amount |
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At 30 September 2021 |
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At 30 September 2020 |
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Debtors |
2021 |
2020 |
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Trade debtors |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2021 |
2020 |
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Loans and borrowings |
- |
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Trade creditors |
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Amounts due to group companies |
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Social security and other taxes |
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- |
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Other creditors |
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Accrued expenses |
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Ashton Bentley Estates Limited
Notes to the Unaudited Financial Statements
Year Ended 30 September 2021
Loans and borrowings |
2021 |
2020 |
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Current loans and borrowings |
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Bank overdrafts |
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Share capital |
Allotted, called up and fully paid shares
2021 |
2020 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
Parent and ultimate parent undertaking |
The company's immediate parent is