Ashland New Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09621941 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2019

for

Ashland New Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Snooks

J E Snooks

SECRETARY:

J E Snooks

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

09621941 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

829

1,244

CURRENT ASSETS

Stocks

187,048

140,554

Debtors

5

12,487

6,008

Cash at bank

1,825

5,966

201,360

152,528

CREDITORS

Amounts falling due within one year

6

214,936

153,667

NET CURRENT LIABILITIES

(13,576

)

(1,139

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,747

)

105

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(12,847

)

5

SHAREHOLDERS' FUNDS

(12,747

)

105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2020 and were signed on its behalf by:

J E Snooks - Director

S J Snooks - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover represents the value of completed property sales and is recognised on the completion date

of the property sale.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset overs its

estimated useful life.

Plant and machinery

-

25% on cost

Stock and work in progress

Stock and work in progress represents the cost of land, all relevant development costs and

attributable overheads to date, valued at the lower of cost and net realisable value.

Cost represents the invoiced cost of materials and services.

Net realisable value is based upon the estimated selling price less further costs expected to be

incurred to completion and disposal.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 November 2018

and 31 October 2019

1,659

DEPRECIATION

At 1 November 2018

415

Charge for year

415

At 31 October 2019

830

NET BOOK VALUE

At 31 October 2019

829

At 31 October 2018

1,244

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

10,909

5,258

Tax

1,578

-

Prepayments

-

750

12,487

6,008

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

40

313

Tax

-

1,576

Social security and other taxes

959

1,500

Directors' current accounts

186,353

119,572

Accrued expenses

27,584

30,706

214,936

153,667