REGISTERED NUMBER: |
Abridged Audited Financial Statements for the Year Ended 31 March 2023 |
for |
ASO Property Services (UK) Ltd |
REGISTERED NUMBER: |
Abridged Audited Financial Statements for the Year Ended 31 March 2023 |
for |
ASO Property Services (UK) Ltd |
ASO Property Services (UK) Ltd (Registered number: 02805809) |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ASO Property Services (UK) Ltd |
Company Information |
for the Year Ended 31 March 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditor |
Brigham House |
High Street |
Biggleswade |
Bedfordshire |
SG18 0LD |
ASO Property Services (UK) Ltd (Registered number: 02805809) |
Abridged Balance Sheet |
31 March 2023 |
2023 | 2022 |
£ | £ |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
ASO Property Services (UK) Ltd (Registered number: 02805809) |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | STATEMENT OF COMPLIANCE |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents income derived from property management fees pertaining to the year. The income is recognised when it is due and is net of value added tax. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
ASO Property Services (UK) Ltd (Registered number: 02805809) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
5. | RELATED PARTY DISCLOSURES |
The company has a loan from ASO Property Services Limited, a company registered in Bermuda and the company's immediate parent undertaking, of £50,000 at the balance sheet date (2022 - £50,000) which is shown under Other Creditors and is repayable on demand. |
6. | POST BALANCE SHEET EVENTS |
Since the balance sheet date dividends totalling £250,000 have been declared by the directors. |
7. | ULTIMATE HOLDING COMPANY |
The company's ultimate parent undertaking is ASO Property Services Limited, which is incorporated in Bermuda. |