Asma Investments Ltd Filleted Accounts Cover
Asma Investments Ltd
Company No. 11168893
Information for Filing with The Registrar
31 March 2024
Asma Investments Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was Activities of open-ended investment companies.
Director
The Director who served at any time during the year was as follows:
M.A. Altuki
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
M.A. Altuki
Director
31 March 2024
Asma Investments Ltd Balance Sheet Registrar
at
31 March 2024
Company No.
11168893
Notes
2024
2023
£
£
Fixed assets
Investments
4
4,372,577941,417
4,372,577941,417
Current assets
Debtors
5
1,504,9494,673,827
Cash at bank and in hand
11
1,504,9504,673,828
Creditors: Amount falling due within one year
6
(5,877,635)
(5,615,244)
Net current liabilities
(4,372,685)
(941,416)
Total assets less current liabilities
(108)
1
Creditors: Amounts falling due after more than one year
7
--
Net (liabilities)/assets
(108)
1
Capital and reserves
Called up share capital
11
Profit and loss account
9
(109)
-
Total equity
(108)
1
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 March 2024 and signed on its behalf by:
M.A. Altuki
Director
31 March 2024
Asma Investments Ltd Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Asma Investments Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11168893
Its registered office is:
40a Manor Road
Potters Bar
EN6 1DQ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Investments
Other investments
Total
£
£
Cost or valuation
At 1 April 2023
941,417
941,417
Additions
3,436,269
3,436,269
Disposals
(5,000)
(5,000)
At 31 March 2024
4,372,686
4,372,686
Provisions/Impairment
Impairment loss
109
109
At 31 March 2024
109
109
Net book values
At 31 March 2024
4,372,577
4,372,577
At 31 March 2023
941,417
941,417
5
Debtors
2024
2023
£
£
Amounts owed by group undertakings
1,504,9494,673,827
1,504,9494,673,827
Amounts included within Other debtors that fall due after more than one year
1,504,9494,673,827
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Other loans
5,877,6365,615,244
Accruals and deferred income
(1)
-
5,877,6355,615,244
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Liabilities repayable in more than five years after the balance sheet date
Amount repayable otherwise than by instalments
5,877,636
5,615,244
5,877,6365,615,244
8
Share Capital
Fully Paid, Ordinary Share capital £1 = 1 Share
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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