Ashbury Leaseholds Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 10107484 (England and Wales)

Financial Statements for the Period 6 April 2016 to 30 September 2016

for

Ashbury Leaseholds Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Carmichael

REGISTERED OFFICE:

PO Box 58

Ashbury House

Liverpool

Merseyside

L19 9WX

REGISTERED NUMBER:

10107484 (England and Wales)

ACCOUNTANTS:

Cobham Murphy Limited

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

3

20,093,214

CURRENT ASSETS

Debtors

4

1,041,041

CREDITORS

Amounts falling due within one year

5

9,491,183

NET CURRENT LIABILITIES

(8,450,142

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,643,072

CREDITORS

Amounts falling due after more than one year

6

11,647,065

NET LIABILITIES

(3,993

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(4,093

)

SHAREHOLDERS' FUNDS

(3,993

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 4 July 2017 and were signed by:

K Carmichael - Director

1.	STATUTORY INFORMATION

Ashbury Leaseholds 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

No depreciation charged

Taxation

Taxation for the period 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.

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 period 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.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

Additions

20,093,214

At 30 September 2016

20,093,214

NET BOOK VALUE

At 30 September 2016

20,093,214

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

922,431

Other debtors

118,610

1,041,041

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

39,494

Amounts owed to group undertakings

9,344,023

Other creditors

107,666

9,491,183

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

11,647,065

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

K Carmichael, a director, operates a current account with the company to which transactions of a private nature

are charged. Included in other creditors as at 30th September 2016 is £68,172 owing to K Carmichael.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K Carmichael.