2023-04-01 05690309 2024-03-31 05690309 2023-04-01 2024-03-31 05690309 2023-03-31 05690309 2022-04-01 2023-03-31 05690309 uk-core:WithinOneYear 2023-03-31 05690309 uk-core:WithinOneYear 2024-03-31 05690309 uk-core:AfterOneYear 2023-03-31 05690309 uk-core:AfterOneYear 2024-03-31 05690309 uk-core:ShareCapital 2024-03-31 05690309 uk-core:ShareCapital 2023-03-31 05690309 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 05690309 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 05690309 uk-bus:Director1 2023-04-01 2024-03-31 05690309 uk-core:ToolsEquipment 2023-04-01 2024-03-31 05690309 uk-core:FurnitureFittings 2023-04-01 2024-03-31 05690309 uk-core:AfterOneYear uk-core:Secured 2024-03-31 05690309 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 05690309 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05690309 uk-bus:FRS102 2023-04-01 2024-03-31 05690309 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 05690309 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Asha Properties (UK) Limited
Registered Number:05690309
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Asha Properties (UK) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05690309
As at 31 March 2024
Asha Properties (UK) Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
2
3,097,165
3,097,165
Investment property
3,097,165
3,097,165
Current assets
Trade and other receivables
52,492
14,227
4
26,686
Cash and cash equivalents
8,430
22,657
79,178
Trade and other payables: amounts falling due within one
year
(57,408)
(54,251)
5
21,770
(31,594)
Net current liabilities
Total assets less current liabilities
3,065,571
3,118,935
Trade and other payables: amounts falling due after more
than one year
(1,317,569)
(1,284,814)
6
(76,202)
(76,202)
Provisions for liabilities
1,704,555
Net assets
1,725,164
Capital and reserves
Called up share capital
100
100
Retained earnings
1,704,455
1,725,064
1,704,555
1,725,164
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr H Anand Director
These financial statements were approved and authorised for issue by the Board on 03 December 2024 and were signed by:
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4
Registered Number :
05690309
For the year ended 31 March 2024
Asha Properties (UK) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Asha Properties (UK) Limited
Notes to the Financial Statements
Statutory Information
Asha Properties (UK) Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05690309.
Registered address:
Ashiana Farm Drive
Straight Road, Old Windsor
Berkshire
SL4 2NW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for sale of residential flats and rent from commercial and residential properties. Revenue from the sale of properties is recognised when the properties have been transferred to the customers such that the risks and rewards of ownership of are transferred to them.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
25% Reducing balance
Fixtures and fittings
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is
likely that there has been a material change in value.
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 March 2024
Asha Properties (UK) Limited
Notes to the Financial Statements Continued
2. Investment property
Total
£
Fair value
At 01 April 2023
3,097,165
At 31 March 2024
3,097,165
Net book value
At 31 March 2024
3,097,165
At 31 March 2023
3,097,165
3. Investments held as fixed assets
4. Trade and other receivables
2023
2024
£
£
Trade debtors
-
6,265
Amounts owed by group undertakings and participating interests
13,765
45,765
Other debtors
462
462
52,492
14,227
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
6,180
-
Taxation and social security
7,351
17,870
Other creditors
40,720
39,538
54,251
57,408
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
33,903
38,397
Bank loans and overdraft (secured)
1,250,911
1,279,172
1,284,814
1,317,569
7. Average number of persons employed
During the year the average number of employees was 0
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7
For the year ended 31 March 2024
Asha Properties (UK) Limited
Notes to the Financial Statements Continued
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