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Registered number: 04267456
Asherview Limited
Financial Statements
For The Year Ended 28 February 2024
Caldwell & Braham
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04267456
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,934 426
8,934 426
CURRENT ASSETS
Stocks 5 2,507,432 2,035,715
Debtors 6 322,971 349,231
Cash at bank and in hand 831,912 635,554
3,662,315 3,020,500
Creditors: Amounts Falling Due Within One Year 7 (713,198 ) (442,053 )
NET CURRENT ASSETS (LIABILITIES) 2,949,117 2,578,447
TOTAL ASSETS LESS CURRENT LIABILITIES 2,958,051 2,578,873
NET ASSETS 2,958,051 2,578,873
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 2,958,049 2,578,871
SHAREHOLDERS' FUNDS 2,958,051 2,578,873
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For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Haim REGEV
Director
01/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Asherview Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04267456 . The registered office is 78 York Street, London, W1H 1DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the amounts receivable for property rental services.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straighline
Fixtures & Fittings 25% straighline
Computer Equipment 25% straighline
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 1)
3 1
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 26,408 51,339 1,672 79,419
Additions - 11,912 - 11,912
As at 28 February 2024 26,408 63,251 1,672 91,331
Depreciation
As at 1 March 2023 26,408 50,913 1,672 78,993
Provided during the period - 3,404 - 3,404
As at 28 February 2024 26,408 54,317 1,672 82,397
Net Book Value
As at 28 February 2024 - 8,934 - 8,934
As at 1 March 2023 - 426 - 426
5. Stocks
2024 2023
£ £
Stock 2,507,432 2,035,715
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 298,299 324,559
Due after more than one year
Other debtors 24,672 24,672
322,971 349,231
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2
Other creditors 605,665 356,193
Taxation and social security 107,533 85,858
713,198 442,053
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Mr Haim REGEV 257,465 76,638 110,000 - 224,105
The above loan is unsecured, interest free and repayable on demand.
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