ASGARD PROPERTIES LIMITED

Company Registration Number:
10070962 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

ASGARD PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ASGARD PROPERTIES LIMITED

Company Information

for the Period Ended 31 March 2024




Director: Alun Tweedale
Robin Tweedale
Registered office: 50 Manor Road
50 Manor Road
Bramhall
Stockport
England
SK7 3LY
Company Registration Number: 10070962 (England and Wales)

ASGARD PROPERTIES LIMITED

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

The letting and operating of owned real estate and activities of head offices and management consulting services

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
Alun Tweedale
Robin Tweedale

This report was approved by the board of directors on 11 June 2024
And Signed On Behalf Of The Board By:

Name: Alun Tweedale
Status: Director

ASGARD PROPERTIES LIMITED

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 52,750 56,300
Cost of sales ( 19,621 ) ( 31,742 )
Gross Profit or (Loss) 33,129 24,558
Administrative Expenses ( 28,037 ) ( 17,617 )
Other operating income 1,650 2,175
Operating Profit or (Loss) 6,742 9,116
Profit or (Loss) Before Tax 6,742 9,116
Tax on Profit ( 1,281 ) ( 1,732 )
Profit or (Loss) for Period 5,461 7,384

The notes form part of these financial statements

ASGARD PROPERTIES LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 787,985 782,134
Total fixed assets: 787,985 782,134
Current assets
Stocks: 0 0
Debtors: 5 16,500 4,000
Cash at bank and in hand: 2,104 9,871
Total current assets: 18,604 13,871
Net current assets (liabilities): 18,604 13,871
Total assets less current liabilities: 806,589 796,005
Creditors: amounts falling due after more than one year: 6 ( 763,290 ) ( 760,795 )
Provision for liabilities: ( 3,407 ) ( 3,354 )
Total net assets (liabilities): 39,892 31,856

The notes form part of these financial statements

ASGARD PROPERTIES LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 39,891 31,855
Shareholders funds: 39,892 31,856

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 11 June 2024
And Signed On Behalf Of The Board By:

Name: Alun Tweedale
Status: Director

The notes form part of these financial statements

ASGARD PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ASGARD PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

ASGARD PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

ASGARD PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 April 2023 782,134 782,134
Additions 5,851 5,851
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2024 787,985 787,985
Depreciation
At 01 April 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 March 2024 - -
Net book value
At 31 March 2024 787,985 787,985
At 31 March 2023 782,134 782,134

ASGARD PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors


2024
£

2023
£
Prepayments and accrued income 16,500 4,000
Total 16,500 4,000

Flat 13 tenant allowed to defer payment until 2024-25

ASGARD PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 663,290 665,751
Other creditors 100,000 95,044
Total 763,290 760,795

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