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Company Registration No. 13403888 (England and Wales)
ASI PROPERTY LTD Unaudited accounts for the year ended 31 May 2023
ASI PROPERTY LTD Unaudited accounts Contents
Page
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ASI PROPERTY LTD Company Information for the year ended 31 May 2023
Director
Adele Harvey
Company Number
13403888 (England and Wales)
Registered Office
12 KNIGHTS MEADOW UCKFIELD UCKFIELD EAST SUSSEX TN22 1UR UNITED KINGDOM
Accountants
Clear Start Accountants Ltd Suite 2, 5th Floor, Universal Square Devonshire Street North Manchester M12 6JH
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ASI PROPERTY LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
74,000 
70,912 
Current assets
Cash at bank and in hand
10,946 
12,207 
Net current assets
10,946 
12,207 
Total assets less current liabilities
84,946 
83,119 
Creditors: amounts falling due after more than one year
(126,106)
(88,256)
Net liabilities
(41,160)
(5,137)
Capital and reserves
Revaluation reserve
3,088 
- 
Profit and loss account
(44,248)
(5,137)
Shareholders' funds
(41,160)
(5,137)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2024 and were signed on its behalf by
Adele Harvey Director Company Registration No. 13403888
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ASI PROPERTY LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
ASI PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 13403888. The registered office is 12 KNIGHTS MEADOW, UCKFIELD, UCKFIELD, EAST SUSSEX, TN22 1UR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At valuation 
At 1 June 2022
70,912 
Revaluations
3,088 
At 31 May 2023
74,000 
Depreciation
At 31 May 2023
- 
Net book value
At 31 May 2023
74,000 
At 31 May 2022
70,912 
5
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
43,995 
- 
Loans from directors
82,111 
87,656 
Accruals
- 
600 
126,106 
88,256 
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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