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REGISTERED NUMBER: 10010936 (England and Wales)


Financial Statements for the Year Ended 28 February 2023

for

Ashray Investments (1) Limited

Ashray Investments (1) Limited (Registered number: 10010936)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ashray Investments (1) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr A A Modi





REGISTERED OFFICE: 144-146 Kings Cross Road
London
United Kingdom
WC1X 9DU





REGISTERED NUMBER: 10010936 (England and Wales)





ACCOUNTANTS: Andrew Murray & Co
Chartered Accountants & Statutory Auditors
144-146 Kings Cross Road
London
WC1X 9DU

Ashray Investments (1) Limited (Registered number: 10010936)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,770,076 1,770,076

CURRENT ASSETS
Debtors 5 104,730 104,464
Cash at bank 44,467 35,122
149,197 139,586
CREDITORS
Amounts falling due within one year 6 219,202 168,369
NET CURRENT LIABILITIES (70,005 ) (28,783 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,700,071

1,741,293

CREDITORS
Amounts falling due after more than one
year

7

1,578,590

1,627,642
NET ASSETS 121,481 113,651

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9 121,480 113,650
121,481 113,651

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 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.

Ashray Investments (1) Limited (Registered number: 10010936)

Statement of Financial Position - 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 director and authorised for issue on 11 June 2023 and were signed by:





Mr A A Modi - Director


Ashray Investments (1) Limited (Registered number: 10010936)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Ashray Investments (1) 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 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 March 2022
and 28 February 2023 1,770,076
NET BOOK VALUE
At 28 February 2023 1,770,076
At 28 February 2022 1,770,076

Ashray Investments (1) Limited (Registered number: 10010936)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Amounts owed by group undertakings 104,106 104,106
Prepayments 624 358
104,730 104,464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts (see note 8) 49,052 49,052
Payments on account 13,475 -
Amounts owed to group undertakings 89,629 64,981
Tax 1,837 4,687
Other creditors 12,269 11,343
Directors' current accounts 34,410 25,880
Accruals and deferred income 18,530 12,426
219,202 168,369

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 8) 926,850 944,598
Other loans (see note 8) 651,740 683,044
1,578,590 1,627,642

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 651,740 683,044

Repayable by instalments
Bank loans more 5 yr by instal 926,850 944,598

8. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 49,052 49,052

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 651,740 683,044

Ashray Investments (1) Limited (Registered number: 10010936)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. LOANS - continued
28.2.23 28.2.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 926,850 944,598

9. RESERVES
Retained
earnings
£   

At 1 March 2022 113,650
Profit for the year 7,830
At 28 February 2023 121,480

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is amount owed to the director £21,420 (2020: £11,268 )

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party was Ashray Construction Ltd which is the sole shareholder of the
company.