2023-06-01 2024-05-31 13861513 AASK WEALTH LIMITED false 13861513 2023-06-01 2024-05-31 13861513 uk-bus:Director1 2023-06-01 2024-05-31 13861513 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 13861513 uk-bus:SmallEntities 2023-06-01 2024-05-31 13861513 uk-bus:FullAccounts 2023-06-01 2024-05-31 13861513 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13861513 2023-06-01 13861513 2024-05-31 13861513 2023-05-31 xbrli:pure iso4217:GBP 13861513 2022-06-01 2023-05-31
Company Registration Number : 13861513 (England and Wales)
13861513
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-05-31
false
AASK WEALTH LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-06-01
AASK WEALTH LIMITED
Unaudited filleted financial statements
For the year ended 31 May 2024
AASK WEALTH LIMITED
Contents
For the year ended 31 May 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


AASK WEALTH LIMITED
Company Information
For the year ended 31 May 2024

Company registration number 13861513 (England and Wales)
Directors Sachida Nand Pandey
Kavita Pandey
Registered office address 54 Marlow Road
High Wycombe
Buckinghamshire
United Kingdom
HP11 1TF
Accountant DNS Associates
Chartered Accountants
382 Kenton Road
Harrow, Middlesex
HA3 8DP
AASK WEALTH LIMITED
Statement of Financial Position
For the year ended 31 May 2024

2024 2023
Notes £ £
Fixed assets
Investment Property 1,244,374 1,202,589
6 1,244,374 1,202,589
Current assets
Debtors 100 100
Cash and cash equivalents 11,289 10,812
11,389 10,912
Current liabilities
Creditors: Amounts falling due within one year (434,969) (409,227)
Corporation tax payable (3,588) (1,736)
(438,557) (410,963)
Net current (liabilities)/assets (427,168) (400,051)
Total assets less current liabilities 817,206 802,538
Non-current liabilities
Creditors: Amounts falling due after more than one year (795,038) (795,038)
Net assets/(liabilities) 22,168 7,500
Capital and reserves
Called up share capital 100 100
Retained earnings 22,068 7,400
Shareholder's funds 22,168 7,500
For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 May 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 02 January 2025
.............................
Sachida Nand Pandey (Director)
Company registration number: 13861513
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-05-31 31 May 2024
2024 2023
£ £
Fixed Assets 1,244,374 1,202,589
Current Assets 11,389 10,912
Creditors: amounts falling due within one year (438,557) (410,963)
Net current assets (liabilities) (427,168) (400,051)
Total assets less current liabilities 817,206 802,538
CREDITORS: Amounts falling due more than one year (795,038) (795,038)
Net Assets (liabilities) 22,168 7,500
Capital and Reserves 22,168 7,500
For the year ending 31/05/2024 the company was entitled to exemption 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. For the year ending 31-05-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 02 January 2025 2025-01-02 and signed on behalf of the board,
.............................
Sachida Nand Pandey
Director
Company registration number: 13861513
AASK WEALTH LIMITED
Notes to the Financial Statements
For the year ended 31 May 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 54 Marlow Road, High Wycombe, Buckinghamshire, United Kingdom, HP11 1TF.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(5) Related party transactions
Aask Group Limited is related party by the virtue of having same directors and shareholders. The balance outstanding to this related party was £433,000 (2023: £408,000) as on 31 May 2024.

(6) Fixed assets
Investments
Property
£
Cost
As at 01 June 20231,202,589
Additions41,785
As at 31 May 20241,244,374
Depreciation/Amortisation
As at 31 May 2024-
Net book value
As at 31 May 20241,244,374
As at 31 May 20231,202,589

(7) Investment Properties
These financial statements for the year ended 31 May 2024 are the financial statements of the company prepared in accordance with FRS 102 1a "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The property is being measured at a fair value under FRS 102 1a and no fair value gains or losses were recognized during the year.

(8) Creditors > 1 year (Mortgage loans)
The mortgage loans are secured on the properties