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REGISTERED NUMBER: 13031262 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ASHYEN LIMITED

ASHYEN LIMITED (REGISTERED NUMBER: 13031262)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ASHYEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Dr C Ruparelia
Dr J Ruparelia





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborouh Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 13031262 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

ASHYEN LIMITED (REGISTERED NUMBER: 13031262)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 256 -
Investment property 5 425,879 425,879
426,135 425,879

CURRENT ASSETS
Cash at bank 36,376 51,491

CREDITORS
Amounts falling due within one year 6 104,448 107,773
NET CURRENT LIABILITIES (68,072 ) (56,282 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

358,063

369,597

CREDITORS
Amounts falling due after more than one
year

7

368,863

369,725
NET LIABILITIES (10,800 ) (128 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,900 ) (228 )
SHAREHOLDERS' FUNDS (10,800 ) (128 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:



Dr C Ruparelia - Director



Dr J Ruparelia - Director


ASHYEN LIMITED (REGISTERED NUMBER: 13031262)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Ashyen Limited is a private company, limited by shares , 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.

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.
Plant and machinery etc - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 320
At 30 November 2023 320
DEPRECIATION
Charge for year 64
At 30 November 2023 64
NET BOOK VALUE
At 30 November 2023 256

ASHYEN LIMITED (REGISTERED NUMBER: 13031262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 425,879
NET BOOK VALUE
At 30 November 2023 425,879
At 30 November 2022 425,879

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,640 11,424
Other creditors 98,808 96,349
104,448 107,773

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 368,863 369,725

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 342,703 322,229

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 374,503 381,149

The bank loan is secured by way of a fixed charge over the freehold property.

9. RELATED PARTY DISCLOSURES

Included in turnover is an amount of £8,400 (2022: £8,400) receivable from a business in which both of the directors have an interest.