ASK ESTATES (LEICESTER) LTD |
Registered number: |
08991125 |
Balance Sheet |
as at 30 April 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
2,447,573 |
|
|
2,266,687 |
|
Current assets |
Debtors |
4 |
|
90,393 |
|
|
67,472 |
Cash at bank and in hand |
|
|
149,897 |
|
|
161,851 |
|
|
|
240,290 |
|
|
229,323 |
|
Creditors: amounts falling due within one year |
5 |
|
(157,361) |
|
|
(135,604) |
|
Net current assets |
|
|
|
82,929 |
|
|
93,719 |
|
Total assets less current liabilities |
|
|
|
2,530,502 |
|
|
2,360,406 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(2,288,795) |
|
|
(2,145,004) |
|
Provisions for liabilities |
|
|
|
(31,673) |
|
|
(31,673) |
|
|
Net assets |
|
|
|
210,034 |
|
|
183,729 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
Revaluation reserve |
9 |
|
|
135,028 |
|
|
135,028 |
Profit and loss account |
|
|
|
74,006 |
|
|
47,701 |
|
Shareholders' funds |
|
|
|
210,034 |
|
|
183,729 |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
A S Kullar |
Director |
Approved by the board on 19 April 2024 |
|
ASK ESTATES (LEICESTER) LTD |
Notes to the Accounts |
for the year ended 30 April 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 represents the amoint received for rent charged during the year. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than investment properies, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
10% per annum on cost |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), 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. |
|
|
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. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Investment properties |
|
Fixture, fittings and equipment |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 May 2022 |
2,266,075 |
|
1,178 |
|
2,267,253 |
|
Additions |
180,691 |
|
347 |
|
181,038 |
|
At 30 April 2023 |
2,446,766 |
|
1,525 |
|
2,448,291 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2022 |
- |
|
566 |
|
566 |
|
Charge for the year |
- |
|
152 |
|
152 |
|
At 30 April 2023 |
- |
|
718 |
|
718 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2023 |
2,446,766 |
|
807 |
|
2,447,573 |
|
At 30 April 2022 |
2,266,075 |
|
612 |
|
2,266,687 |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
90,393 |
|
67,472 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans and overdrafts |
(secured) |
43,242 |
|
56,940 |
|
Trade creditors |
86,850 |
|
58,013 |
|
Accruals |
|
|
|
|
10,285 |
|
9,600 |
|
Taxation and social security costs |
16,984 |
|
11,051 |
|
|
|
|
|
|
157,361 |
|
135,604 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans |
(secured) |
1,568,823 |
|
1,463,629 |
|
Other creditors |
719,972 |
|
681,375 |
|
|
|
|
|
|
2,288,795 |
|
2,145,004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7 |
Loans |
2023 |
|
2022 |
£ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
1,404,350 |
|
12,391,137 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
1,612,065 |
|
1,520,569 |
|
|
|
|
|
|
|
|
|
|
The bank loans are secured by charges over the freehold investment properties owned by company. |
|
|
8 |
Provision for liabilities |
2023 |
|
2022 |
£ |
£ |
|
|
Deferred taxation |
|
|
Investment property revaluation |
31,673 |
|
31,673 |
|
|
|
|
|
|
31,673 |
|
31,673 |
|
|
|
|
|
|
|
|
|
|
9 |
Revaluation reserve |
2023 |
|
2022 |
£ |
£ |
|
|
At 1 May 2022 |
135,028 |
|
142,676 |
|
Trasfer during the year |
- |
|
(7,648) |
|
|
At 30 April 2023 |
135,028 |
|
135,028 |
|
|
|
|
|
|
|
|
|
|
10 |
Other information |
|
|
ASK ESTATES (LEICESTER) LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
128A Evington Road |
|
Leicester |
|
LE2 1HL |