Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31that of a care services provider.2022-09-01false54falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11387455 2022-09-01 2023-08-31 11387455 2021-09-01 2022-08-31 11387455 2023-08-31 11387455 2022-08-31 11387455 c:Director1 2022-09-01 2023-08-31 11387455 d:Buildings d:LongLeaseholdAssets 2022-09-01 2023-08-31 11387455 d:Buildings d:LongLeaseholdAssets 2023-08-31 11387455 d:FurnitureFittings 2022-09-01 2023-08-31 11387455 d:FurnitureFittings 2023-08-31 11387455 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 11387455 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 11387455 d:CurrentFinancialInstruments 2023-08-31 11387455 d:CurrentFinancialInstruments 2022-08-31 11387455 d:CurrentFinancialInstruments 4 2023-08-31 11387455 d:CurrentFinancialInstruments 4 2022-08-31 11387455 d:Non-currentFinancialInstruments 2023-08-31 11387455 d:Non-currentFinancialInstruments 2022-08-31 11387455 c:Micro-entities 2022-09-01 2023-08-31 11387455 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 11387455 c:FullAccounts 2022-09-01 2023-08-31 11387455 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 11387455 f:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure
Registered number: 11387455


ASRA PARK LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 AUGUST 2023

 
ASRA PARK LTD
REGISTERED NUMBER: 11387455

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

  

Fixed assets
 4 
156,724
162,010

Current assets
 5 
141,453
56,230

Cash at bank and in hand
 6 
24,645
25,001

Creditors: amounts falling due within one year
 7 
(242,886)
(192,520)

Net current liabilities
  
 
 
(76,788)
 
 
(111,289)

Total assets less current liabilities
  
79,936
50,721

Creditors: amounts falling due after more than one year
 8 
(8,389)
(13,386)

Provisions for liabilities
  

Deferred taxation
 9 
(745)
-

  
 
 
(745)
 
 
-

Net assets
  
70,802
37,335


  

Capital and reserves
  
70,802
37,335


Page 1

 
ASRA PARK LTD
REGISTERED NUMBER: 11387455
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2023




The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 April 2024.




Mr Rajendra Thakerar
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ASRA PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Asra Park Ltd is a private company, limited by share capital, incorporated in England & Wales under registration number 11387455. The address of the registered office is situated at 138 The Fairway, London, HA0 3TQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
ASRA PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land and buildings
-
2%
straight line
Fixtures and fittings
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequentlyat amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 4).




Page 4

 
ASRA PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Land and buildings
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 September 2022
164,204
10,824
175,028


Additions
-
1,605
1,605


Disposals
-
(2,000)
(2,000)



At 31 August 2023

164,204
10,429
174,633



Depreciation


At 1 September 2022
7,605
5,412
13,017


Charge for the year on owned assets
3,284
2,607
5,891


Disposals
-
(1,000)
(1,000)



At 31 August 2023

10,889
7,019
17,908



Net book value



At 31 August 2023
153,315
3,410
156,725


5.


Debtors

2023
2022
£
£


Trade debtors
101,158
11,965

Amounts owed by connected companies
40,294
42,012

Prepayments and accrued income
-
2,253

141,452
56,230



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
24,645
25,001

24,645
25,001


Page 5

 
ASRA PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,361
5,361

Corporation tax payable
11,683
1,536

Amounts owed to connected companies
53,353
53,703

Director's loan account
164,552
126,021

Wages and salaries
4,992
3,557

PAYE and NIC payable
2,795
1,192

Accruals and deferred income
150
1,150

242,886
192,520


The bank loan is an unsecured bounce back loan.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
8,389
13,386

8,389
13,386


The bank loan is an unsecured bounce back loan.


9.


Deferred taxation




2023


£






Charged to profit or loss
(745)



At end of year
(745)

Page 6

 
ASRA PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
 
9.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(745)
-

(745)
-


10.


Related party transactions

The balance on director's loan account of Mr Rajendra Thakerar was £164,552 (2022 - £126,021) as at 31 August 2023. 
The director, Mr Rajendra Thakerar, had an interest in the company's transactions with Asra Estate Ltd, Princemount Limited and Private Health Clinic Ltd, which are all incorporated and trading in the UK, by virtue of the director also being a director of these companies. 
Rent of £43,200 (2022 - £43,200) was paid to Asra Estate Ltd during the year ended 31 August 2023. The company owed Asra Estate Ltd £40,294 (2022 - £42,012) at the balance sheet date.
The company owed Princemount Limited £16,003 (2022 - £20,703) and Private Health Clinic Ltd £37,350 (2022 - £33,000) at the balance sheet date.


11.


Controlling party

The company is under the control of the director, Mr Rajendra Thakerar, by virtue of the fact that he owns 100% of the issued share capital.

Page 7