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REGISTERED NUMBER: 02022449 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

A.S.A. MANAGEMENT SERVICES LIMITED

A.S.A. MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02022449)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

A.S.A. MANAGEMENT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A K Agarwal
Mrs M Popat



SECRETARY: Mrs M Popat



REGISTERED OFFICE: Market House
21 Lenten Street
Alton
Hampshire
GU34 1HG



REGISTERED NUMBER: 02022449 (England and Wales)



ACCOUNTANTS: Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG



BANKERS: Barclays Bank plc
1 North End
Croydon
CR9 1RN

A.S.A. MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02022449)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 578 771
Investment property 5 260,000 260,000
260,578 260,771

CURRENT ASSETS
Debtors 6 340 338
Cash at bank 3,463 4,632
3,803 4,970
CREDITORS
Amounts falling due within one year 7 3,801 4,172
NET CURRENT ASSETS 2 798
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,580

261,569

PROVISIONS FOR LIABILITIES 19,434 19,434
NET ASSETS 241,146 242,135

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 143,271 143,271
Retained earnings 97,873 98,862
SHAREHOLDERS' FUNDS 241,146 242,135

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

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

A.S.A. MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02022449)

BALANCE SHEET - continued
31 MAY 2024


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 Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





A K Agarwal - Director


A.S.A. MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02022449)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

A.S.A. Management Services 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

A.S.A. MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02022449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 June 2023
and 31 May 2024 1,550
DEPRECIATION
At 1 June 2023 779
Charge for year 193
At 31 May 2024 972
NET BOOK VALUE
At 31 May 2024 578
At 31 May 2023 771

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 260,000
NET BOOK VALUE
At 31 May 2024 260,000
At 31 May 2023 260,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2003 4,705
Valuation in 2004 8,000
Valuation in 2006 40,000
Valuation in 2009 (10,000 )
Valuation in 2013 10,000
Valuation in 2015 60,000
Valuation in 2017 50,000
Cost 97,295
260,000

The directors are of the opinion that the open market values of investment properties are similar to the valuations reflected above, although no independent valuations have been carried out.

On a historical cost basis, investment properties would have been included in the sum of £97,295.

A.S.A. MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 02022449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 340 338

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Deposits held 2,000 2,000
Taxation and social security 282 1,223
Other creditors 1,519 949
3,801 4,172

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20 Ordinary £0.10 2 2

9. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 143,271

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A.S.A. MANAGEMENT SERVICES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A.S.A. Management Services Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of A.S.A. Management Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A.S.A. Management Services Limited and state those matters that we have agreed to state to the Board of Directors of A.S.A. Management Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A.S.A. Management Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A.S.A. Management Services Limited. You consider that A.S.A. Management Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A.S.A. Management Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG


14 February 2025