Ash Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02774354 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

ASH HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D M Ash

Mrs C Ash

SECRETARY:

Mrs C Ash

REGISTERED OFFICE:

Unit 1

Ghyll Road Industrial Estate

Heathfield

East Sussex

TN21 8AW

REGISTERED NUMBER:

02774354 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Limited

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Tangible assets

4

3,799

5,076

Investments

5

59,626

48,946

Investment property

6

9,554,229

9,554,229

9,617,654

9,608,251

CURRENT ASSETS

Debtors

7

47,612

118,749

Cash at bank

152,886

170,248

200,498

288,997

CREDITORS

Amounts falling due within one year

8

(510,653

)

(503,192

)

NET CURRENT LIABILITIES

(310,155

)

(214,195

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,307,499

9,394,056

CREDITORS

Amounts falling due after more than one year

9

(3,313,032

)

(3,762,617

)

PROVISIONS FOR LIABILITIES

(258,063

)

(256,033

)

NET ASSETS

5,736,404

5,375,406

CAPITAL AND RESERVES

Called up share capital

10

400

400

Other reserves

3,017,137

3,006,457

Retained earnings

2,718,867

2,368,549

SHAREHOLDERS' FUNDS

5,736,404

5,375,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 18 January 2019 and were signed on its behalf by:

D M Ash - Director

1.	STATUTORY INFORMATION

Ash Holdings 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 as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

No significant judgements have had to be made by management in preparing these financial

statements.

There were no key assumptions made concerning the future, and other key sources of estimation

uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the

carrying amounts of assets and liabilities within the next financial year.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of

financial assets and liabilities like trade and other accounts receivable and payable, loans from banks

and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year are measured initially and

subsequently at the undiscounted amount of the cash or other consideration expected to be paid or

received; other debt instruments are initially measured at present value of the future payments and

subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and 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 or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when

there is an 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.

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.

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 (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2017

and 30 April 2018

4,430

121,267

10,940

136,637

DEPRECIATION

At 1 May 2017

4,178

116,443

10,940

131,561

Charge for year

63

1,214

-

1,277

At 30 April 2018

4,241

117,657

10,940

132,838

NET BOOK VALUE

At 30 April 2018

189

3,610

-

3,799

At 30 April 2017

252

4,824

-

5,076

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 May 2017

48,946

Revaluations

10,680

At 30 April 2018

59,626

NET BOOK VALUE

At 30 April 2018

59,626

At 30 April 2017

48,946

Cost or valuation at 30 April 2018 is represented by:

Other

investments

£

Valuation in 2018

10,680

Cost

48,946

59,626

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2017

and 30 April 2018

9,554,229

NET BOOK VALUE

At 30 April 2018

9,554,229

At 30 April 2017

9,554,229

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

33,028

105,771

Other debtors

14,584

12,978

47,612

118,749

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

258,912

264,292

Trade creditors

8,220

2,293

Taxation and social security

112,908

116,337

Other creditors

130,613

120,270

510,653

503,192

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

3,313,032

3,572,747

Other creditors

-

189,870

3,313,032

3,762,617

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,305,169

2,557,647

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

400

Ordinary A shares

1

400

400

11.	RELATED PARTY DISCLOSURES

D M & C Ash Limited, a company beneficially owned and ultimately controlled by the directors:

- Purchases and management charges of £11,250 (2017: £10,313)

Ash Holdings Ltd Retirement Benefit Scheme, a scheme set up for the benefit of the directors:

- Loan interest payable of £1,251 (2017: £5,005)

Loan funding in the sum of £Nil (2017: £189,870) was owed by the company at the balance sheet date.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors