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REGISTERED NUMBER: 06102961 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

ASTERBROOK LIMITED

ASTERBROOK LIMITED (REGISTERED NUMBER: 06102961)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASTERBROOK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: J F Booth
Mrs P M Booth





SECRETARY: J F Booth





REGISTERED OFFICE: Court House
Court Road
Bridgend
CF31 1BE





REGISTERED NUMBER: 06102961 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

ASTERBROOK LIMITED (REGISTERED NUMBER: 06102961)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 400,000 400,000
400,000 400,000

CURRENT ASSETS
Cash at bank 15,421 22,563

CREDITORS
Amounts falling due within one year 6 7,924 16,899
NET CURRENT ASSETS 7,497 5,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,497

405,664

CREDITORS
Amounts falling due after more than one
year

7

(114,752

)

(117,815

)

PROVISIONS FOR LIABILITIES (21,206 ) (21,206 )
NET ASSETS 271,539 266,643

CAPITAL AND RESERVES
Called up share capital 101 101
Revaluation reserve 9 111,608 111,608
Retained earnings 159,830 154,934
SHAREHOLDERS' FUNDS 271,539 266,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

ASTERBROOK LIMITED (REGISTERED NUMBER: 06102961)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





J F Booth - Director


ASTERBROOK LIMITED (REGISTERED NUMBER: 06102961)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Asterbrook 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis. This basis is deemed appropriate due to the ongoing support of the company directors.

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 etc - 20% 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.

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

ASTERBROOK LIMITED (REGISTERED NUMBER: 06102961)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 4,198
DEPRECIATION
At 1 March 2022
and 28 February 2023 4,198
NET BOOK VALUE
At 28 February 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 400,000
NET BOOK VALUE
At 28 February 2023 400,000
At 28 February 2022 400,000

Investment property was valued at the balance sheet date at open market value by the directors.

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2016 111,608
Cost 288,392
400,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 7,619
Trade creditors 1,170 78
Taxation and social security 4,844 7,435
Other creditors 1,910 1,767
7,924 16,899

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 114,752 117,815

ASTERBROOK LIMITED (REGISTERED NUMBER: 06102961)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 7,619

9. RESERVES
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 111,608

10. RELATED PARTY DISCLOSURES

Included in creditors greater than one year are amounts owed to the directors of £114,752 (2022 - £117,815).