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REGISTERED NUMBER: 10722342 (England and Wales)















Asher Properties Limited

Unaudited Financial Statements

For The Year Ended 30th April 2024






Asher Properties Limited (Registered number: 10722342)

Contents of the Financial Statements
For The Year Ended 30th April 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Asher Properties Limited

Company Information
For The Year Ended 30th April 2024







DIRECTORS: G Dooley
Mrs J Hewson
C Hewson





SECRETARY:





REGISTERED OFFICE: 59 Crabbe Street
Ipswich
Suffolk
IP4 5HT





REGISTERED NUMBER: 10722342 (England and Wales)





ACCOUNTANTS: John Phillips & Co Limited
Accountants
Unit 81 Centaur Court
Claydon Business Park
Gt. Blakenham
Ipswich
Suffolk
IP6 0NL

Asher Properties Limited (Registered number: 10722342)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,859,933 4,920,721

CURRENT ASSETS
Debtors 5 64,640 146,563
Cash at bank 9,058 10,473
73,698 157,036
CREDITORS
Amounts falling due within one year 6 92,125 71,145
NET CURRENT (LIABILITIES)/ASSETS (18,427 ) 85,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,841,506

5,006,612

CREDITORS
Amounts falling due after more than one
year

7

5,456,932

5,455,348
NET LIABILITIES (615,426 ) (448,736 )

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 142,917 142,917
Retained earnings (758,443 ) (591,753 )
(615,426 ) (448,736 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

Asher Properties Limited (Registered number: 10722342)

Balance Sheet - continued
30th April 2024


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 29th November 2024 and were signed on its behalf by:





G Dooley - Director


Asher Properties Limited (Registered number: 10722342)

Notes to the Financial Statements
For The Year Ended 30th April 2024


1. STATUTORY INFORMATION

Asher 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Asher Properties Limited (Registered number: 10722342)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2023 5,043,318 192,828 5,236,146
Additions - 7,690 7,690
At 30th April 2024 5,043,318 200,518 5,243,836
DEPRECIATION
At 1st May 2023 169,117 146,308 315,425
Charge for year 54,734 13,744 68,478
At 30th April 2024 223,851 160,052 383,903
NET BOOK VALUE
At 30th April 2024 4,819,467 40,466 4,859,933
At 30th April 2023 4,874,201 46,520 4,920,721

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,702 91,501
Amounts owed by participating interests 10,100 27,484
Other debtors 39,838 27,578
64,640 146,563

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1,786
Trade creditors 74,472 56,967
Taxation and social security (9,551 ) (9,551 )
Other creditors 27,204 21,943
92,125 71,145

Asher Properties Limited (Registered number: 10722342)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 2,435,566 2,854,705
Amounts owed to participating interests 3,021,366 2,600,643
5,456,932 5,455,348

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,435,566 2,854,705