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REGISTERED NUMBER: 06222618 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

ASHA HOUSE MANAGEMENT COMPANY LTD

ASHA HOUSE MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 06222618)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHA HOUSE MANAGEMENT COMPANY LTD

COMPANY INFORMATION
for the Year Ended 31st August 2024







DIRECTOR: B S Smith-Hilliard





REGISTERED OFFICE: Asha House
63 Woodgate
Loughborough
Leicestershire
LE11 2TZ





REGISTERED NUMBER: 06222618 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

ASHA HOUSE MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 06222618)

BALANCE SHEET
31st August 2024

31/8/24 31/8/23
Notes £    £   
CURRENT ASSETS
Debtors 4 26,451 30,895
Cash at bank 314,560 404,882
341,011 435,777
CREDITORS
Amounts falling due within one year 5 333,202 417,784
NET CURRENT ASSETS 7,809 17,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,809

17,993

CREDITORS
Amounts falling due after more than one year 6 7,809 17,993
NET LIABILITIES - -

RESERVES
- -

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 surplus or deficit 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.

ASHA HOUSE MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 06222618)

BALANCE SHEET - continued
31st August 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 director and authorised for issue on 7th May 2025 and were signed by:





B S Smith-Hilliard - Director


ASHA HOUSE MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 06222618)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Asha House Management Company Ltd is a private company, limited by guarantee , 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.

Turnover
Turnover represents service charge contributions receivable in the period.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Presentation of the income statement
The presentation of the Income Statement has been modified from the prescribed format for company accounts in order to provide more information to leaseholders and other parties who may be interested in the expenditure incurred in the management of the property.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

ASHA HOUSE MANAGEMENT COMPANY LTD (REGISTERED NUMBER: 06222618)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Other debtors 475 27,715
Tax 22,796 -
Prepayments 3,180 3,180
26,451 30,895

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 10,411 10,282
Trade creditors 2,399 59
Tax 1,153 516
Other creditors 13,805 11,146
Service Charge Surplus 120,708 220,586
Deferred income 172,368 161,949
Accrued expenses 12,358 13,246
333,202 417,784

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans 7,809 17,993

7. RESERVES
Income
and
expenditure
account
£   

Deficit for the year (99,878 )
Transfer to Service Charge Surplus 99,878
At 31st August 2024 -

8. RELATED PARTY DISCLOSURES

During the year, the company was charged management fees of £84,500 (2023 - £78,000) by Birkin Homes Ltd. Mr B S Smith-Hilliard is the sole director and sole shareholder of Birkin Homes Ltd.

9. LIMIT OF MEMBERS LIABILITY

The liability of the members of the company is limited by guarantee to £1 each.