0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,264,653 17,900 4,282,553 4,282,553 4,264,653 xbrli:pure xbrli:shares iso4217:GBP 11342242 2023-06-01 2024-05-31 11342242 2024-05-31 11342242 2023-05-31 11342242 2022-06-01 2023-05-31 11342242 2023-05-31 11342242 2022-05-31 11342242 bus:Director1 2023-06-01 2024-05-31 11342242 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11342242 core:AfterOneYear 2024-05-31 11342242 core:AfterOneYear 2023-05-31 11342242 core:WithinOneYear 2024-05-31 11342242 core:WithinOneYear 2023-05-31 11342242 core:ShareCapital 2024-05-31 11342242 core:ShareCapital 2023-05-31 11342242 core:SharePremium 2024-05-31 11342242 core:SharePremium 2023-05-31 11342242 core:RetainedEarningsAccumulatedLosses 2024-05-31 11342242 core:RetainedEarningsAccumulatedLosses 2023-05-31 11342242 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-31 11342242 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-31 11342242 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-31 11342242 bus:SmallEntities 2023-06-01 2024-05-31 11342242 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11342242 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11342242 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11342242 bus:FullAccounts 2023-06-01 2024-05-31
COMPANY REGISTRATION NUMBER: 11342242
Asreka Holdings Limited
Filleted Unaudited Financial Statements
For the year ended
31 May 2024
Asreka Holdings Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
4,282,553
4,264,653
Current assets
Cash at bank and in hand
5,215
9,632
Creditors: amounts falling due within one year
5
80,683
112,833
--------
---------
Net current liabilities
75,468
103,201
------------
------------
Total assets less current liabilities
4,207,085
4,161,452
Creditors: amounts falling due after more than one year
6
2,544,665
2,534,760
------------
------------
Net assets
1,662,420
1,626,692
------------
------------
Asreka Holdings Limited
Statement of Financial Position (continued)
31 May 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
10,100
10,100
Share premium account
1,612,400
1,612,400
Profit and loss account
39,920
4,192
------------
------------
Shareholders funds
1,662,420
1,626,692
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question 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 financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 February 2025 , and are signed on behalf of the board by:
G Boolaky
Director
Company registration number: 11342242
Asreka Holdings Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 112, 9 Jerdan Place, London, SW6 1BE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4. Tangible assets
Freehold property
£
Cost
At 1 June 2023
4,264,653
Additions
17,900
------------
At 31 May 2024
4,282,553
------------
Depreciation
At 1 June 2023 and 31 May 2024
------------
Carrying amount
At 31 May 2024
4,282,553
------------
At 31 May 2023
4,264,653
------------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
8,381
1,368
Other creditors
72,302
111,465
--------
---------
80,683
112,833
--------
---------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,544,665
2,534,760
------------
------------
The bank loans are secured on the assets to which they relate.