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REGISTERED NUMBER: 09420420 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

ASAT PROPERTIES LIMITED

ASAT PROPERTIES LIMITED (REGISTERED NUMBER: 09420420)

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


ASAT PROPERTIES LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs A A Duiker-Parker
Mr S C Slater
Mr T B Slater





REGISTERED OFFICE: 9 Woodstock Drive
Worsley
Manchester
M28 2NP





REGISTERED NUMBER: 09420420 (England and Wales)





ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF

ASAT PROPERTIES LIMITED (REGISTERED NUMBER: 09420420)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51 60
Investment property 5 410,000 410,000
410,051 410,060

CURRENT ASSETS
Debtors 6 6,194 5,567
Cash at bank 82,332 60,931
88,526 66,498
CREDITORS
Amounts falling due within one year 7 14,827 14,936
NET CURRENT ASSETS 73,699 51,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

483,750

461,622

CAPITAL AND RESERVES
Called up share capital 6,901 6,901
Capital redemption reserve 3,099 3,099
Retained earnings - non distributable 108,938 108,938
Retained earnings 364,812 342,684
483,750 461,622

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Mrs A A Duiker-Parker - Director


ASAT PROPERTIES LIMITED (REGISTERED NUMBER: 09420420)

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


1. STATUTORY INFORMATION

ASAT Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Tangible fixed assets are initially recorded at cost.

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 Statement of Income and Retained Earnings, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

ASAT PROPERTIES LIMITED (REGISTERED NUMBER: 09420420)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022
and 28 February 2023 190
DEPRECIATION
At 1 March 2022 130
Charge for year 9
At 28 February 2023 139
NET BOOK VALUE
At 28 February 2023 51
At 28 February 2022 60

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 410,000
NET BOOK VALUE
At 28 February 2023 410,000
At 28 February 2022 410,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2020 108,938
Cost 301,062
410,000

If the Investment property had not been revalued it would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 301,062 301,062

The Investment property was valued on an open market basis on 1 July 2020 by Roger Hannah Limited .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 5,999 5,417
Other debtors 195 150
6,194 5,567

ASAT PROPERTIES LIMITED (REGISTERED NUMBER: 09420420)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 6,600 5,424
Other creditors 8,227 9,512
14,827 14,936