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REGISTERED NUMBER: 12351877 (England and Wales)















Unaudited Financial Statements for the Year Ended 6 May 2024

for

Aslan Property & Investments Limited

Aslan Property & Investments Limited (Registered number: 12351877)






Contents of the Financial Statements
for the Year Ended 6 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Aslan Property & Investments Limited

Company Information
for the Year Ended 6 May 2024







DIRECTOR: L A Asma





REGISTERED OFFICE: 25 Melrose Drive
Stockton on Tees
TS18 3UE





REGISTERED NUMBER: 12351877 (England and Wales)





ACCOUNTANTS: King Hope
34 Romanby Road
NORTHALLERTON
North Yorkshire
DL7 8NF

Aslan Property & Investments Limited (Registered number: 12351877)

Balance Sheet
6 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 778 1,038
Investment property 5 617,094 617,094
617,872 618,132

CURRENT ASSETS
Cash at bank 884 4,557

CREDITORS
Amounts falling due within one year 6 (297,839 ) (560,770 )
NET CURRENT LIABILITIES (296,955 ) (556,213 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,917

61,919

CAPITAL AND RESERVES
Called up share capital 7 4 4
Retained earnings 320,913 61,915
SHAREHOLDERS' FUNDS 320,917 61,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 6 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 6 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 February 2025 and were signed by:





L A Asma - Director


Aslan Property & Investments Limited (Registered number: 12351877)

Notes to the Financial Statements
for the Year Ended 6 May 2024

1. STATUTORY INFORMATION

Aslan Property & Investments 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 represents the value of rents receivable in the period, excluding 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.
Fixtures and fittings - 20% on 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 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.

Going concern
These financial statements have been prepared on a going concern basis.

The current economic conditions present increased risks for all businesses. In response to such conditions, the Director has carefully considered these risks, including the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the Director considers that the company maintains an appropriate level of liquidity, sufficient to meet the demands of the business. In addition, the company assets are assessed for recoverability on a regular basis, and the Director considers that the company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

The Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

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

Aslan Property & Investments Limited (Registered number: 12351877)

Notes to the Financial Statements - continued
for the Year Ended 6 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 7 May 2023
and 6 May 2024 1,298
DEPRECIATION
At 7 May 2023 260
Charge for year 260
At 6 May 2024 520
NET BOOK VALUE
At 6 May 2024 778
At 6 May 2023 1,038

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 7 May 2023
and 6 May 2024 617,094
NET BOOK VALUE
At 6 May 2024 617,094
At 6 May 2023 617,094

The property has been valued on an existing use basis by the director who does not consider the value at 6 May 2024 to be materially different from the value at the date the properties were purchased.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to participating interests 78,092 296,807
Corporation tax 16,991 10,121
Directors' current accounts 196,544 250,233
Accruals and deferred income 6,212 3,609
297,839 560,770

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4

8. RELATED PARTY DISCLOSURES

At the balance sheet date the sum of £78,092 (2023: £296,807) was due to companies in which the director has a significant interest. During the year, a creditor owed to a connected company of £207,415 was written off in full.

At the balance sheet date the sum of £196,544 (2023: £250,233) was due to the director.

9. ULTIMATE CONTROLLING PARTY

The controlling party is L A Asma.