AD Astra Assets Ltd SC725950 false 2022-03-11 2023-03-31 2023-03-31 The principal activity of the company is 68209 Digita Accounts Production Advanced 6.30.9574.0 true true SC725950 2022-03-11 2023-03-31 SC725950 2023-03-31 SC725950 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC725950 core:RevaluationReserve 2023-03-31 SC725950 core:ShareCapital 2023-03-31 SC725950 core:CurrentFinancialInstruments 2023-03-31 SC725950 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 SC725950 core:Non-currentFinancialInstruments 2023-03-31 SC725950 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 SC725950 bus:SmallEntities 2022-03-11 2023-03-31 SC725950 bus:AuditExemptWithAccountantsReport 2022-03-11 2023-03-31 SC725950 bus:FullAccounts 2022-03-11 2023-03-31 SC725950 bus:SmallCompaniesRegimeForAccounts 2022-03-11 2023-03-31 SC725950 bus:RegisteredOffice 2022-03-11 2023-03-31 SC725950 bus:CompanySecretaryDirector1 2022-03-11 2023-03-31 SC725950 bus:PrivateLimitedCompanyLtd 2022-03-11 2023-03-31 SC725950 core:RevaluationReserve core:LandBuildings 2022-03-11 2023-03-31 SC725950 core:LandBuildings 2022-03-11 2023-03-31 SC725950 countries:EnglandWales 2022-03-11 2023-03-31 iso4217:GBP xbrli:pure

Registration number: SC725950

AD Astra Assets Ltd

trading as AD Astra Assets Ltd

Annual Report and Unaudited Financial Statements

for the Period from 11 March 2022 to 31 March 2023

 

AD Astra Assets Ltd

trading as AD Astra Assets Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

AD Astra Assets Ltd

trading as AD Astra Assets Ltd

Company Information

Director

Ms Aleksandra Szmidt

Company secretary

Ms Aleksandra Szmidt

Registered office

Zenlet Unit 15
Evans Business Centre
Mitchelston Drive
Kirkcaldy
Scotland
KY1 3NB

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

AD Astra Assets Ltd

trading as AD Astra Assets Ltd

(Registration number: SC725950)
Balance Sheet as at 31 March 2023

Note

2023
£

Fixed assets

 

Investment property

4

437,000

Current assets

 

Debtors

5

443

Cash at bank and in hand

 

2,246

 

2,689

Creditors: Amounts falling due within one year

6

(1,485)

Net current assets

 

1,204

Total assets less current liabilities

 

438,204

Creditors: Amounts falling due after more than one year

6

(376,790)

Provisions for liabilities

(12,524)

Net assets

 

48,890

Capital and reserves

 

Called up share capital

1,000

Revaluation reserve

53,391

Retained earnings

(5,501)

Shareholders' funds

 

48,890

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 26 October 2023
 

.........................................
Ms Aleksandra Szmidt
Company secretary and director

 

AD Astra Assets Ltd

trading as AD Astra Assets Ltd

Notes to the Unaudited Financial Statements for the Period from 11 March 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Zenlet Unit 15
Evans Business Centre
Mitchelston Drive
Kirkcaldy
Scotland
KY1 3NB

These financial statements were authorised for issue by the director on 26 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

AD Astra Assets Ltd

trading as AD Astra Assets Ltd

Notes to the Unaudited Financial Statements for the Period from 11 March 2022 to 31 March 2023 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

4

Investment properties

2023
£

Additions

371,085

Fair value adjustments

65,915

At 31 March

437,000

The fair value of the property at 31 March 2023 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £437,000 was arrived at by reference to the market evidence of transaction prices for similar properties in in the location the property is situated.

There has been no valuation of investment property by an independent valuer.

 

AD Astra Assets Ltd

trading as AD Astra Assets Ltd

Notes to the Unaudited Financial Statements for the Period from 11 March 2022 to 31 March 2023 (continued)

5

Debtors

Current

2023
£

Prepayments

443

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

1,485

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

8

376,790

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current period were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

53,391

53,391

8

Loans and borrowings

2023
£

Non-current loans and borrowings

Bank borrowings

173,487

Other borrowings

203,303

376,790

 

AD Astra Assets Ltd

trading as AD Astra Assets Ltd

Notes to the Unaudited Financial Statements for the Period from 11 March 2022 to 31 March 2023 (continued)

8

Loans and borrowings (continued)