Registered number
10887335
AS Property London Limited
Unaudited Filleted Accounts
31 July 2024
AS Property London Limited
Registered number: 10887335
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 485,000 475,000
Current assets
Cash at bank and in hand 3,987 10,708
Creditors: amounts falling due within one year 4 (103,435) (117,132)
Net current liabilities (99,448) (106,424)
Total assets less current liabilities 385,552 368,576
Creditors: amounts falling due after more than one year 5 (299,263) (299,263)
Provisions for liabilities (11,670) (9,770)
Net assets 74,619 59,543
Capital and reserves
Called up share capital 100 100
Profit and loss account 74,519 59,443
Shareholders' funds 74,619 59,543
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S. Arjan
Director
Approved by the board on 8 April 2025
AS Property London Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the rental consideration received or receivable, net of discounts.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 August 2023 475,000
Revaluation 10,000
At 31 July 2024 485,000
Historical cost
At 1 August 2023 423,757
At 31 July 2024 423,757
The value of the property was determined by the directors.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,637 1,333
Other creditors 101,798 115,799
103,435 117,132
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 299,263 299,263
6 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 299,263 299,263
Secured bank loans 299,263 299,263
The loan is secured by a mortgage on the rental property.
7 Other information
AS Property London Limited is a private company limited by shares and incorporated in England. Its registered office is:
107 Woodfield Drive
East Barnet
EN4 8PD
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