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REGISTERED NUMBER: 06222618 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

ASHA HOUSE MANAGEMENT COMPANY LTD

ASHA HOUSE MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 06222618)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHA HOUSE MANAGEMENT COMPANY LTD

COMPANY INFORMATION
for the Year Ended 31st August 2023







DIRECTOR: B S Smith-Hilliard





REGISTERED OFFICE: Asha House
63 Woodgate
Loughborough
Leicestershire
LE11 2TZ





REGISTERED NUMBER: 06222618 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

ASHA HOUSE MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 06222618)

BALANCE SHEET
31st August 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,962
Investment property 5 - 30,320
- 33,282

CURRENT ASSETS
Debtors 6 30,895 4,680
Cash at bank 404,882 384,917
435,777 389,597
CREDITORS
Amounts falling due within one year 7 417,784 203,114
NET CURRENT ASSETS 17,993 186,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,993

219,765

CREDITORS
Amounts falling due after more than one year 8 17,993 28,289
NET ASSETS - 191,476

RESERVES
Income and expenditure account 9 - 191,476
- 191,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 surplus or deficit 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.

ASHA HOUSE MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 06222618)

BALANCE SHEET - continued
31st August 2023


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 director and authorised for issue on 29th August 2024 and were signed by:





B S Smith-Hilliard - Director


ASHA HOUSE MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 06222618)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2023

1. STATUTORY INFORMATION

Asha House Management Company 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.

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 represents service charge contributions receivable in the period.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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

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 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.

Presentation of the income statement
The presentation of the Income Statement on page 3 has been modified from the prescribed format for company accounts in order to provide more information to leaseholders and other parties who may be interested in the expenditure incurred in the management of the property.

ASHA HOUSE MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 06222618)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st September 2022 553 252 8,516 9,321
Disposals (553 ) (252 ) (8,516 ) (9,321 )
At 31st August 2023 - - - -
DEPRECIATION
At 1st September 2022 133 100 6,126 6,359
Charge for year 420 152 2,390 2,962
Eliminated on disposal (553 ) (252 ) (8,516 ) (9,321 )
At 31st August 2023 - - - -
NET BOOK VALUE
At 31st August 2023 - - - -
At 31st August 2022 420 152 2,390 2,962

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2022 30,320
Disposals (30,320 )
At 31st August 2023 -
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 30,320

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Other debtors 27,715 1,500
Prepayments 3,180 3,180
30,895 4,680

ASHA HOUSE MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 06222618)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans and overdrafts 10,282 9,809
Trade creditors 59 645
Tax 516 21,688
Other creditors 11,146 2,425
Service Charge Surplus 220,586 -
Deferred income 161,949 163,404
Accrued expenses 13,246 5,143
417,784 203,114

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans 17,993 28,289

9. RESERVES
Income
and
expenditure
account
£   

At 1st September 2022 191,476
Surplus for the year 29,110
Transfer to Service Charge Surplus (220,586 )
At 31st August 2023 -

10. RELATED PARTY DISCLOSURES

During the year, the company was charged management fees of £78,000 (2022 - £76,500) by Birkin Homes Ltd. Mr B S Smith-Hilliard is the sole director and sole shareholder of Birkin Homes Ltd.

11. LIMIT OF MEMBERS LIABILITY

The liability of the members of the company is limited by guarantee to £1 each.