Company Registration No. 04331693 (England and Wales)
Askew Properties Limited
Unaudited accounts
for the year ended 30 November 2021
Askew Properties Limited
Unaudited accounts
Contents
Askew Properties Limited
Company Information
for the year ended 30 November 2021
Directors
D H Egan
L J Egan
Company Number
04331693 (England and Wales)
Registered Office
4 CROSS TREE CENTRE
CAEN STREET
BRAUNTON
EX33 1AA
ENGLAND
Accountants
North Devon Accounts
4 Cross Tree Centre
Caen Street
Braunton
Devon
EX33 1AA
Askew Properties Limited
Statement of financial position
as at 30 November 2021
Tangible assets
1,042,922
1,124,393
Cash at bank and in hand
247,834
354,803
Creditors: amounts falling due within one year
(692,996)
(702,756)
Net current liabilities
(294,774)
(338,075)
Total assets less current liabilities
748,148
786,318
Provisions for liabilities
Other provisions
(191)
(191)
Net assets
747,957
786,127
Called up share capital
300
300
Revaluation reserve
312,930
312,930
Profit and loss account
434,727
472,897
Shareholders' funds
747,957
786,127
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2022 and were signed on its behalf by
D H Egan
Director
Company Registration No. 04331693
Askew Properties Limited
Notes to the Accounts
for the year ended 30 November 2021
Askew Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 04331693. The registered office is 4 CROSS TREE CENTRE, CAEN STREET, BRAUNTON, EX33 1AA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% on cost
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2020
2,033,964
1,049
7,022
2,042,035
At 30 November 2021
2,033,964
1,049
7,022
2,042,035
At 1 December 2020
910,017
1,049
6,576
917,642
Charge for the year
81,359
-
112
81,471
At 30 November 2021
991,376
1,049
6,688
999,113
At 30 November 2021
1,042,588
-
334
1,042,922
At 30 November 2020
1,123,947
-
446
1,124,393
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
(1,635)
9,402
Askew Properties Limited
Notes to the Accounts
for the year ended 30 November 2021
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
10,215
16,190
Loans from directors
678,575
685,552
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).