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REGISTERED NUMBER: 02805809 (England and Wales)


















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: M G Smyth
F S Dennis





REGISTERED OFFICE: Brigham House
High Street
Biggleswade
Bedfordshire
SG18 0LD





REGISTERED NUMBER: 02805809 (England and Wales)





AUDITORS: George Hay Partnership LLP
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 417,697 573,076
Cash at bank and in hand 1,371,233 1,267,568
1,788,930 1,840,644
CREDITORS
Amounts falling due within one year 303,677 323,904
NET CURRENT ASSETS 1,485,253 1,516,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,485,253

1,516,740

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,484,253 1,515,740
SHAREHOLDERS' FUNDS 1,485,253 1,516,740

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 October 2023 and were signed on its behalf by:





F S Dennis - Director


ASO Property Services (UK) Ltd (Registered number: 02805809)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATEMENT OF COMPLIANCE

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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 3 (2022 - 3 ) .

4. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Dilley FCA (Senior Statutory Auditor)
for and on behalf of George Hay Partnership LLP

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.