IRIS Accounts Production v24.3.0.553 09420420 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094204202023-02-28094204202024-02-29094204202023-03-012024-02-29094204202022-02-28094204202022-03-012023-02-28094204202023-02-2809420420ns15:EnglandWales2023-03-012024-02-2909420420ns14:PoundSterling2023-03-012024-02-2909420420ns10:Director12023-03-012024-02-2909420420ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2909420420ns10:SmallEntities2023-03-012024-02-2909420420ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2909420420ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2909420420ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2909420420ns10:FullAccounts2023-03-012024-02-2909420420ns10:Director22023-03-012024-02-2909420420ns10:Director32023-03-012024-02-2909420420ns10:RegisteredOffice2023-03-012024-02-2909420420ns5:CurrentFinancialInstruments2024-02-2909420420ns5:CurrentFinancialInstruments2023-02-2809420420ns5:ShareCapital2024-02-2909420420ns5:ShareCapital2023-02-2809420420ns5:CapitalRedemptionReserve2024-02-2909420420ns5:CapitalRedemptionReserve2023-02-2809420420ns5:FurtherSpecificReserve1ComponentTotalEquity2024-02-2909420420ns5:FurtherSpecificReserve1ComponentTotalEquity2023-02-2809420420ns5:RetainedEarningsAccumulatedLosses2024-02-2909420420ns5:RetainedEarningsAccumulatedLosses2023-02-2809420420ns5:FurnitureFittings2023-03-012024-02-2909420420ns5:FurnitureFittings2023-02-2809420420ns5:FurnitureFittings2024-02-2909420420ns5:FurnitureFittings2023-02-2809420420ns5:AdditionsToInvestments2024-02-2909420420ns5:RevaluationsIncreaseDecreaseInInvestments2024-02-2909420420ns5:CostValuation2024-02-2909420420ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2909420420ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: 09420420 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

ASAT PROPERTIES LIMITED

ASAT PROPERTIES LIMITED (REGISTERED NUMBER: 09420420)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASAT PROPERTIES LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs A A Duiker-Parker
Mr S C Slater
Mr T B Slater





REGISTERED OFFICE: 9 Woodstock Drive
Worsley
Manchester
M28 2NP





REGISTERED NUMBER: 09420420 (England and Wales)





ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF

ASAT PROPERTIES LIMITED (REGISTERED NUMBER: 09420420)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43 51
Investments 5 50,536 -
Investment property 6 410,000 410,000
460,579 410,051

CURRENT ASSETS
Debtors 7 3,498 6,194
Cash at bank 55,263 82,332
58,761 88,526
CREDITORS
Amounts falling due within one year 8 12,108 14,827
NET CURRENT ASSETS 46,653 73,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,232

483,750

CAPITAL AND RESERVES
Called up share capital 6,901 6,901
Capital redemption reserve 3,099 3,099
Retained earnings - non distributable 109,474 108,938
Retained earnings 387,758 364,812
507,232 483,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





Mrs A A Duiker-Parker - Director


ASAT PROPERTIES LIMITED (REGISTERED NUMBER: 09420420)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

ASAT Properties 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Tangible fixed assets are initially recorded at 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 profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

ASAT PROPERTIES LIMITED (REGISTERED NUMBER: 09420420)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023
and 29 February 2024 190
DEPRECIATION
At 1 March 2023 139
Charge for year 8
At 29 February 2024 147
NET BOOK VALUE
At 29 February 2024 43
At 28 February 2023 51

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 50,000
Revaluations 536
At 29 February 2024 50,536
NET BOOK VALUE
At 29 February 2024 50,536

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2024 536
Cost 50,000
50,536

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 410,000
NET BOOK VALUE
At 29 February 2024 410,000
At 28 February 2023 410,000

ASAT PROPERTIES LIMITED (REGISTERED NUMBER: 09420420)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


6. INVESTMENT PROPERTY - continued

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2020 108,938
Cost 301,062
410,000

If the Investment property had not been revalued it would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 301,062 301,062

The Investment property was valued on an open market basis on 1 July 2020 by Roger Hannah Limited .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 3,292 5,999
Other debtors 206 195
3,498 6,194

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 6,088 6,600
Other creditors 6,020 8,227
12,108 14,827