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REGISTERED NUMBER: 13917898 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

THE ASHA CENTRE LTD

THE ASHA CENTRE LTD (REGISTERED NUMBER: 13917898)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE ASHA CENTRE LTD

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTOR: R D Gifford





REGISTERED OFFICE: Unit 1c Mushet Business Centre
Crucible Close
Mushet Industrial Park
Coleford
GL16 8RE





REGISTERED NUMBER: 13917898 (England and Wales)





AUDITORS: Kingscott Dix (Cheltenham) Limited
Statutory Auditor
Chartered Accountants
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

THE ASHA CENTRE LTD (REGISTERED NUMBER: 13917898)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,621,822 698,250

CURRENT ASSETS
Debtors 5 - 73,858
Cash at bank 12,344 32,296
12,344 106,154
CREDITORS
Amounts falling due within one year 6 (110,829 ) (76,890 )
NET CURRENT (LIABILITIES)/ASSETS (98,485 ) 29,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,523,337

727,514

CREDITORS
Amounts falling due after more than one
year

7

(1,523,337

)

(727,514

)
NET LIABILITIES - -

RESERVES
- -

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

In accordance with Section 444 of the Companies Act 2006, the Income and Expenditure Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 July 2024 and were signed by:





R D Gifford - Director


THE ASHA CENTRE LTD (REGISTERED NUMBER: 13917898)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

The Asha Centre Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern:
The company is supported by its parent company, and can meet its debts as they fall due. As such the accounts have been prepared on the going concern basis.

Significant judgements and estimates
No significant judgements or estimations have been used in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income and Expenditure Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

THE ASHA CENTRE LTD (REGISTERED NUMBER: 13917898)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 December 2022 698,250
Additions 923,572
At 30 November 2023 1,621,822
NET BOOK VALUE
At 30 November 2023 1,621,822
At 30 November 2022 698,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 73,858

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 100,021 76,890
Taxation and social security 10,477 -
Other creditors 331 -
110,829 76,890

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,523,337 727,514

THE ASHA CENTRE LTD (REGISTERED NUMBER: 13917898)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

8. RESERVES
Income
and
expenditure
account
£   

Surplus for the year 12,492
Gift aid distribution (12,492 )
At 30 November 2023 -

The company is limited by guarantee and consequently has no share capital.

The company has a retained earnings reserve, comprised of cumulative income less expenditure, less gift aid distributions of profit.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gwyneth Milner ACA (Senior Statutory Auditor)
for and on behalf of Kingscott Dix (Cheltenham) Limited

10. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102, not to disclose related party transactions with fellow group companies.

11. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of The Asha Foundation, and its results are included in the consolidated group financial statements of that entity. The Asha Foundation is a charitable company incorporated in the UK (reference 03246746), that is registered at Gunn Mill House, Lower Spout Lane, Nr Mitcheldean, Gloucestershire, GL17 0EA.