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REGISTERED NUMBER: 09987422 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Ashish Investments Limited

Ashish Investments Limited (Registered number: 09987422)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ashish Investments Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr Purav Ashokkumar Desai
Mr Mirav Ashokkumar Desai





REGISTERED OFFICE: 3 Heathfield Cottages
Magpie Hall Road
Bushey Heath
Bushey
Herefordshire
WD23 1NX





REGISTERED NUMBER: 09987422 (England and Wales)





ACCOUNTANTS: Elliot, Woolfe & Rose Ltd
Elizabeth House
54-58 High Street
Edgware
London
HA8 7TT

Ashish Investments Limited (Registered number: 09987422)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £ £
FIXED ASSETS
Tangible assets 4 937 3,155
Investment property 5 690,492 690,492
691,429 693,647

CURRENT ASSETS
Cash at bank 15,125 15,674

CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

6

(327,467

)

(329,810

)
NET CURRENT LIABILITIES (312,342 ) (314,136 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,087

379,511

CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE YEAR

7

(377,591

)

(377,590

)
NET ASSETS 1,496 1,921

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,396 1,821
SHAREHOLDERS' FUNDS 1,496 1,921

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.

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 8 November 2023 and were signed on its behalf by:



Mr Mirav Ashokkumar Desai - Director


Ashish Investments Limited (Registered number: 09987422)

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

1. STATUTORY INFORMATION

Ashish Investments 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.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:
- The amount of revenue can be measured;
- It is probable that future economic benefits will flow to the entity; and
- Specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% straight line

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Ashish Investments Limited (Registered number: 09987422)

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 12,077
Additions 215
At 28 February 2023 12,292
DEPRECIATION
At 1 March 2022 8,922
Charge for year 2,433
At 28 February 2023 11,355
NET BOOK VALUE
At 28 February 2023 937
At 28 February 2022 3,155

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 March 2022
and 28 February 2023 690,492
NET BOOK VALUE
At 28 February 2023 690,492
At 28 February 2022 690,492

In the opinion of the director the fair value of the investment properties as at 28 February 2023 is not significantly different to that stated above.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£ £
Taxation and social security 357 -
Other creditors 327,110 329,810
327,467 329,810

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£ £
Bank loans 249,591 249,591
Other creditors 128,000 127,999
377,591 377,590

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is an amount of £327,110 (2022: £329,810) in respect of their directors current account

Ashish Investments Limited (Registered number: 09987422)

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

9. CONTROLLING PARTY

The company is controlled by Mr Purav Ashokkumar Desai and Mr Mirav Ashokkumar Desai through their respective shareholdings in the company.