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REGISTERED NUMBER: 09337101











Unaudited Financial Statements

for the Year Ended 31st December 2024

for

Asara Limited

Asara Limited (Registered number: 09337101)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Asara Limited

Company Information
for the year ended 31st December 2024







DIRECTORS: Miss B A Jones
R D M Thomas





REGISTERED OFFICE: C/o Acuity Legal
3 Assembly Square
Britannia Quay
Cardiff
CF10 4PL





REGISTERED NUMBER: 09337101





ACCOUNTANTS: Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB

Asara Limited (Registered number: 09337101)

Abridged Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 850 1,162
Investment property 5 275,000 275,000
275,850 276,162

CURRENT ASSETS
Cash at bank 21,238 13,323

CREDITORS
Amounts falling due within one year 206,781 203,808
NET CURRENT LIABILITIES (185,543 ) (190,485 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,307

85,677

PROVISIONS FOR LIABILITIES 8,501 8,560
NET ASSETS 81,806 77,117

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 6 35,553 35,553
Retained earnings 45,253 40,564
SHAREHOLDERS' FUNDS 81,806 77,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

Asara Limited (Registered number: 09337101)

Abridged Balance Sheet - continued
31st December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 21st January 2025 and were signed on its behalf by:





R D M Thomas - Director


Asara Limited (Registered number: 09337101)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Asara Limited is a private company, limited by shares , registered in Not specified/Other. 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 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.
Fixtures and fittings - 15% on cost
Computer equipment - 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 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.

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.

Asara Limited (Registered number: 09337101)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2024
and 31st December 2024 4,571
DEPRECIATION
At 1st January 2024 3,409
Charge for year 312
At 31st December 2024 3,721
NET BOOK VALUE
At 31st December 2024 850
At 31st December 2023 1,162

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024
and 31st December 2024 275,000
NET BOOK VALUE
At 31st December 2024 275,000
At 31st December 2023 275,000

Fair value at 31st December 2024 is represented by:
£   
Valuation in 2020 275,000

Asara Limited (Registered number: 09337101)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued 2020 would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 231,107 231,107
Aggregate depreciation 36,977 32,355

Investment property was valued on an open market basis on 20th November 2020 by Chandler Rogers .

6. RESERVES
Fair
value
reserve
£   
At 1st January 2024
and 31st December 2024 35,553