Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31falsetrue1Investment properties2023-12-06falsetrue 15330794 2023-12-05 15330794 2023-12-06 2024-07-31 15330794 2022-08-01 2023-12-05 15330794 2024-07-31 15330794 c:Director1 2023-12-06 2024-07-31 15330794 d:FreeholdInvestmentProperty 2024-07-31 15330794 d:FreeholdInvestmentProperty 4 2023-12-06 2024-07-31 15330794 d:CurrentFinancialInstruments 2024-07-31 15330794 d:Non-currentFinancialInstruments 2024-07-31 15330794 c:OrdinaryShareClass1 2023-12-06 2024-07-31 15330794 c:OrdinaryShareClass1 2024-07-31 15330794 c:FRS102 2023-12-06 2024-07-31 15330794 c:Audited 2023-12-06 2024-07-31 15330794 c:FullAccounts 2023-12-06 2024-07-31 15330794 c:PrivateLimitedCompanyLtd 2023-12-06 2024-07-31 15330794 c:SmallCompaniesRegimeForAccounts 2023-12-06 2024-07-31 15330794 f:PoundSterling 2023-12-06 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 15330794














ASHIRA ZIMRA LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

 
ASHIRA ZIMRA LTD
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
ASHIRA ZIMRA LTD
REGISTERED NUMBER:15330794

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
7,145,000

Current assets
  

Debtors: amounts falling due within one year
 5 
36,827

Cash at bank and in hand
  
65,247

  
102,074

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(77,649)

Net current assets
  
 
 
24,425

Total assets less current liabilities
  
7,169,425

  

Creditors: amounts falling due after more than one year
 7 
(7,197,298)

Net liabilities
  
(27,873)


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
(27,973)

  
(27,873)


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 comprehensive income 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 24 April 2025.




D Yamin-Joseph
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ASHIRA ZIMRA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

Ashira Zimra Ltd is a private limited liability company incorporated in England and Wales with its registered and business office address at 3rd Floor, 107 Jermyn Street, London, SW1Y 6EE.
The Company was incorporated on 6 December 2023 and commenced its activities on the same date.
The principal activity of the Company is that of property investment.
The Company's functional and presentational currency is £ Sterling.

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

Going concern

The financial statements of the Company have been prepared on a going concern basis, the validity of which is dependant on the continued availability of bank loan facilities. The director is satisfied that suitable facilities will continue to be made available for at least twelve months from the date of his approval of these financial statements and that the Company will be able to meet its working capital requirements for the foreseeable future.

 
2.3

Turnover

Turnover comprises rent receivable exclusive of Value Added Tax.
Rental income is recognised in the period to which it relates. Rental income received in advance is carried forward as deferred income.

 
2.4

Finance costs

Finance costs are charged to the Statement of Comprehensive Income 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.

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.

Page 2

 
ASHIRA ZIMRA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Taxation

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 reporting date in the countries where the Company operates and generates income.


 
2.7

Investment property

Investment property is carried at fair value determined annually by the director 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 the Statement of Comprehensive Income.

 
2.8

Debtors

Short-term debtors are measured at the transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.10

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.


3.


Employees

The director was the only employee of the Company during the current period.



Page 3

 
ASHIRA ZIMRA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

4.


Investment property


Freehold investment property

£



Valuation


Transfers intra group
7,145,000



At 31 July 2024
7,145,000



If the investment property had been accounted for under the historic cost accounting rules, the property would have been measured as follows:

2024
£


Historic cost
7,145,000


5.


Debtors

2024
£

Trade debtors
29,156

Other debtors
1,934

Prepayments and accrued income
5,737

36,827



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
9,019

Accruals and deferred income
68,630

77,649


Page 4

 
ASHIRA ZIMRA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

7.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
3,945,813

Amounts owed to group undertakings
3,251,485

7,197,298


Secured loans
The Company's bank facilities are secured by a first charge on the investment property and a floating charge over the assets of the Company.


8.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1 each
100


On incorporation, 100 Ordinary shares of £1 were allotted and fully paid at par to provide initial capital.


9.


Related party transactions

The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.


10.


Controlling party

The Company is a wholly owned subsidiary of Ashira Holdings Limited, a company registered in England and Wales, which the directors regard as the ultimate parent company.


11.


Auditors' information

The auditors' report on the financial statements for the period ended 31 July 2024 was unqualified.

The audit report was signed on 24 April 2025 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 5