Company Registration No. 08125919 (England and Wales)
Asar Properties Limited
Unaudited accounts
for the year ended 31 July 2023
Asar Properties Limited
Unaudited accounts
Contents
Asar Properties Limited
Company Information
for the year ended 31 July 2023
Company Number
08125919 (England and Wales)
Registered Office
42-44 Adelaide Street
Bradford
West Yorkshrie
BD5 0EA
England
Accountants
Axiom Accountants Ltd
42-44 Adelaide Street
Bradford
West Yorkshire
BD5 0EA
Asar Properties Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
2,199
673
Creditors: amounts falling due within one year
(56,383)
(35,493)
Net current liabilities
(44,184)
(34,820)
Total assets less current liabilities
(44,186)
(34,822)
Provisions for liabilities
Net liabilities
(44,646)
(35,282)
Called up share capital
1,000
1,000
Profit and loss account
(45,646)
(36,282)
Shareholders' funds
(44,646)
(35,282)
For the year ending 31 July 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 his 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 13 March 2024 and were signed on its behalf by
Saad Yahya Malik
Director
Company Registration No. 08125919
Asar Properties Limited
Notes to the Accounts
for the year ended 31 July 2023
Asar Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 08125919. The registered office is 42-44 Adelaide Street, Bradford, West Yorkshrie, BD5 0EA, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Asar Properties Limited
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
47,808
10,918
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).