Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30true2023-07-01falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.11truefalse 11801476 2023-07-01 2024-06-30 11801476 2022-07-01 2023-06-30 11801476 2024-06-30 11801476 2023-06-30 11801476 2022-07-01 11801476 c:Director1 2023-07-01 2024-06-30 11801476 c:RegisteredOffice 2023-07-01 2024-06-30 11801476 d:FurnitureFittings 2023-07-01 2024-06-30 11801476 d:FurnitureFittings 2024-06-30 11801476 d:FurnitureFittings 2023-06-30 11801476 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11801476 d:ComputerEquipment 2023-07-01 2024-06-30 11801476 d:ComputerEquipment 2024-06-30 11801476 d:ComputerEquipment 2023-06-30 11801476 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11801476 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11801476 d:FreeholdInvestmentProperty 2023-07-01 2024-06-30 11801476 d:FreeholdInvestmentProperty 2024-06-30 11801476 d:FreeholdInvestmentProperty 2023-06-30 11801476 d:FreeholdInvestmentProperty 2 2023-07-01 2024-06-30 11801476 d:CurrentFinancialInstruments 2024-06-30 11801476 d:CurrentFinancialInstruments 2023-06-30 11801476 d:Non-currentFinancialInstruments 2024-06-30 11801476 d:Non-currentFinancialInstruments 2023-06-30 11801476 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11801476 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11801476 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 11801476 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11801476 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 11801476 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 11801476 d:ShareCapital 2024-06-30 11801476 d:ShareCapital 2023-06-30 11801476 d:RetainedEarningsAccumulatedLosses 2024-06-30 11801476 d:RetainedEarningsAccumulatedLosses 2023-06-30 11801476 d:OtherDeferredTax 2024-06-30 11801476 d:OtherDeferredTax 2023-06-30 11801476 c:OrdinaryShareClass1 2023-07-01 2024-06-30 11801476 c:OrdinaryShareClass1 2024-06-30 11801476 c:OrdinaryShareClass1 2023-06-30 11801476 c:OrdinaryShareClass2 2023-07-01 2024-06-30 11801476 c:OrdinaryShareClass2 2024-06-30 11801476 c:OrdinaryShareClass2 2023-06-30 11801476 c:FRS102 2023-07-01 2024-06-30 11801476 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11801476 c:FullAccounts 2023-07-01 2024-06-30 11801476 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11801476 2 2023-07-01 2024-06-30 11801476 f:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11801476









ASK PROPERTIES AK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
ASK PROPERTIES AK LIMITED
 
 
COMPANY INFORMATION


Director
A Kang 




Registered number
11801476



Registered office
1010 Eskdale Road

Winnersh Triangle

Wokingham

United Kingdom

RG41 5TS




Accountants
Donald Reid Limited

1010 Eskdale Road

Winnersh

Wokingham

England

RG41 5TS





 
ASK PROPERTIES AK LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10


 
ASK PROPERTIES AK LIMITED
REGISTERED NUMBER: 11801476

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,081
2,977

Investment property
 5 
780,000
780,000

  
784,081
782,977

Current assets
  

Debtors: amounts falling due within one year
 6 
222
431

Cash at bank and in hand
 7 
3,559
4,603

  
3,781
5,034

Creditors: amounts falling due within one year
 8 
(333,826)
(332,448)

Net current liabilities
  
 
 
(330,045)
 
 
(327,414)

Total assets less current liabilities
  
454,036
455,563

Creditors: amounts falling due after more than one year
 9 
(400,581)
(400,581)

Provisions for liabilities
  

Deferred tax
 11 
(8,784)
(10,318)

  
 
 
(8,784)
 
 
(10,318)

Net assets
  
44,671
44,664


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
44,571
44,564

  
44,671
44,664


Page 1

 
ASK PROPERTIES AK LIMITED
REGISTERED NUMBER: 11801476
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 April 2025.





A Kang
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ASK PROPERTIES AK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

ASK Properties AK Limited is a private company limited by shares. The company is registered in England and Wales. The registration number is 11801476. The registered office address is 1010 Eskdale Road, Winnersh Triangle, Wokingham, United Kingdom, RG41 5TS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
ASK PROPERTIES AK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
ASK PROPERTIES AK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
ASK PROPERTIES AK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
3,432
2,448
5,880


Additions
2,952
-
2,952



At 30 June 2024

6,384
2,448
8,832



Depreciation


At 1 July 2023
1,028
1,875
2,903


Charge for the year on owned assets
1,332
516
1,848



At 30 June 2024

2,360
2,391
4,751



Net book value



At 30 June 2024
4,024
57
4,081



At 30 June 2023
2,404
573
2,977

Page 6

 
ASK PROPERTIES AK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
780,000


Additions at cost
5,458


Surplus on revaluation
(5,458)



At 30 June 2024
780,000

The 2024 valuations were made by the director, on an open market value for existing use basis.







6.


Debtors


Due after more than one year



2024
2023
£
£

Due within one year

Other debtors
222
-

Prepayments and accrued income
-
431

222
431



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,559
4,603

3,559
4,603


Page 7

 
ASK PROPERTIES AK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
15,000
15,000

Corporation tax
1,382
129

Other creditors
315,744
317,319

Accruals and deferred income
1,700
-

333,826
332,448



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
400,581
400,581

400,581
400,581


The bank loan was secured by way of a legal charge over the property.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable other than by instalments
400,581
400,581

400,581
400,581

The interest-only mortgage is repayable in December 2044.

Page 8

 
ASK PROPERTIES AK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
15,000
15,000


15,000
15,000



Amounts falling due after more than 5 years

Bank loans
400,581
400,581

400,581
400,581

415,581
415,581



11.


Deferred taxation




2024
2023


£

£






At beginning of year
(10,318)
(23,473)


Charged to profit or loss
1,534
13,155



At end of year
(8,784)
(10,318)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Capital gains on revaluation of investment properties
(8,784)
(10,318)

8,784
10,318

Page 9

 
ASK PROPERTIES AK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) A Ordinary shares of £1.00 each
50
50
50 (2023 - 50) B Ordinary shares of £1.00 each
50
50

100

100



13.


Transactions with directors

During the year, advances of £222 (2023: £Nil) were made to the director, with £Nil (2023: £375) of repayments made.

 
Page 10