Registered number
11021499
AYSHEN & SONS ESTATES LIMITED
Unaudited Filleted Accounts
31 October 2023
AYSHEN & SONS ESTATES LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of AYSHEN & SONS ESTATES LIMITED for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AYSHEN & SONS ESTATES LIMITED for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
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Fordhams & Co. Limited
Chartered Accountants
Studio 6
6 Hornsey Street
London
N7 8GR
17 April 2024
AYSHEN & SONS ESTATES LIMITED
Registered number: 11021499
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 225,791 225,791
Current assets
Debtors 4 1,363 1,363
Cash at bank and in hand 3,400 981
4,763 2,344
Creditors: amounts falling due within one year 5 (1,850) (2,079)
Net current assets 2,913 265
Total assets less current liabilities 228,704 226,056
Creditors: amounts falling due after more than one year 6 (225,720) (221,813)
Net assets 2,984 4,243
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,884 4,143
Shareholders' funds 2,984 4,243
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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Mr Fuat Isa Ms Ayshen Isa Mr Ulus Isa
Director
Approved by the board on 17 April 2024
AYSHEN & SONS ESTATES LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is represented by rent received during the year.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Investments
Other
investments
£
Cost
At 1 November 2022 225,791
At 31 October 2023 225,791
4 Debtors 2023 2022
£ £
Other debtors 1,363 1,363
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs - 228
Other creditors 1,850 1,851
1,850 2,079
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 178,256 167,314
Other creditors 47,464 54,499
225,720 221,813
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 178,256 167,314
Loan is secured against investment property.
8 Other information
AYSHEN & SONS ESTATES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Studio 6
6 Hornsey Street
London
N7 8GR
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