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REGISTERED NUMBER: 09199593 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

AISN PROPERTIES(UK) LIMITED

AISN PROPERTIES(UK) LIMITED (REGISTERED NUMBER: 09199593)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


AISN PROPERTIES(UK) LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M T Anpan





REGISTERED OFFICE: Suite 208 Stanmore Business & Innovation
Howard road
Stanmore
Middlesex
HA7 1BT





REGISTERED NUMBER: 09199593 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

AISN PROPERTIES(UK) LIMITED (REGISTERED NUMBER: 09199593)

Statement of Financial Position
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Investment property 4 2,386,440 2,502,235

CURRENT ASSETS
Debtors 5 899,031 825,205
Cash at bank 219,513 185,523
1,118,544 1,010,728
CREDITORS
Amounts falling due within one year 6 (84,462 ) (82,551 )
NET CURRENT ASSETS 1,034,082 928,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,420,522

3,430,412

CREDITORS
Amounts falling due after more than one
year

7

2,793,489

2,818,793

PROVISIONS FOR LIABILITIES 10 94,400 94,400

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 532,533 517,119
SHAREHOLDERS' FUNDS 532,633 517,219
3,420,522 3,430,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

AISN PROPERTIES(UK) LIMITED (REGISTERED NUMBER: 09199593)

Statement of Financial Position - continued
31 MARCH 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 27 October 2023 and were signed by:





M T Anpan - Director


AISN PROPERTIES(UK) LIMITED (REGISTERED NUMBER: 09199593)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Aisn Properties(UK) 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.

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.

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 2 (2022 - 2 ) .

AISN PROPERTIES(UK) LIMITED (REGISTERED NUMBER: 09199593)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 2,502,235
Disposals (115,795 )
At 31 March 2023 2,386,440
NET BOOK VALUE
At 31 March 2023 2,386,440
At 31 March 2022 2,502,235

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 862,600 780,630
Other debtors 33,670 44,575
Prepayments 2,761 -
899,031 825,205

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors (1 ) -
Corporation tax 3,616 9,390
Social security and other taxes - 287
Rent deposit payable 5,574 4,454
Directors' current accounts 67,910 63,273
Accrued expenses 7,363 5,147
84,462 82,551

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 8) 813,564 829,418
Other loans (see note 8) 479,925 489,375
Directors' loan accounts 1,500,000 1,500,000
2,793,489 2,818,793

AISN PROPERTIES(UK) LIMITED (REGISTERED NUMBER: 09199593)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 573,479 589,333
Bank Loan 240,085 240,085
813,564 829,418

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due between two and five years:
Other Loan 450,000 450,000
Bounce Bank Loan 29,925 39,375
479,925 489,375

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 573,479 589,333
Bank Loan 240,085 240,085
813,564 829,418

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 813,564 829,418

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 94,400 94,400

Deferred
tax
£   
Balance at 1 April 2022 94,400
Balance at 31 March 2023 94,400

AISN PROPERTIES(UK) LIMITED (REGISTERED NUMBER: 09199593)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary 1 100 100

12. RESERVES
Retained
earnings
£   

At 1 April 2022 517,119
Profit for the year 15,414
At 31 March 2023 532,533