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REGISTERED NUMBER: 09445045 (England and Wales)














Financial Statements

for the Year Ended 31 March 2023

for

Ask Lettings (North West) Ltd

Ask Lettings (North West) Ltd (Registered number: 09445045)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ask Lettings (North West) Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A L Skeete
A J Skeete





REGISTERED OFFICE: 159 Smithdown Road
Wavertree
Liverpool
Merseyside
L15 2HD





REGISTERED NUMBER: 09445045 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Ask Lettings (North West) Ltd (Registered number: 09445045)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Debtors 4 164,620 120,989
Cash at bank 23,312 48,929
187,932 169,918
CREDITORS
Amounts falling due within one year 5 186,346 153,025
NET CURRENT ASSETS 1,586 16,893
TOTAL ASSETS LESS CURRENT LIABILITIES 1,586 16,893

CREDITORS
Amounts falling due after more than one year 6 4,226 6,224
NET (LIABILITIES)/ASSETS (2,640 ) 10,669

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 (3,640 ) 9,669
SHAREHOLDERS' FUNDS (2,640 ) 10,669

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 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 17 November 2023 and were signed on its behalf by:




A L Skeete - Director


Ask Lettings (North West) Ltd (Registered number: 09445045)

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


1. STATUTORY INFORMATION

Ask Lettings (North West) Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents property rentals due from tenants for the period together with breakage and arrears claims recovered from deposits. Rental income is recognised on an accruals basis. Breakage claims are recorded as and when recovered.

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 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.

3. EMPLOYEES AND DIRECTORS

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

Ask Lettings (North West) Ltd (Registered number: 09445045)

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


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 39,000 23,238
Directors' current accounts 99,906 92,043
Tax 25,714 5,708
164,620 120,989

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 1,998 1,979
Amounts owed to associates 162,761 101,501
Tax 2,654 30,428
Other creditors 17,283 17,284
Accrued expenses 1,650 1,833
186,346 153,025

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 2,018 1,998
Bank loans - 2-5 years 2,208 4,226
4,226 6,224

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 6,224 8,203

The bank loan is secured by a first legal charge over the investment property 11 Seabank Road.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

Ask Lettings (North West) Ltd (Registered number: 09445045)

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


9. RESERVES
Retained
earnings
£   

At 1 April 2022 9,669
Deficit for the year (13,309 )
At 31 March 2023 (3,640 )

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
A L Skeete
Balance outstanding at start of year 78,233 27,945
Amounts advanced 7,864 50,288
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,097 78,233

A J Skeete
Balance outstanding at start of year 13,809 8,037
Amounts advanced - 5,772
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,809 13,809