| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 31 MARCH 2023 TO 31 DECEMBER 2023 |
| FOR |
| ASTRALE LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 31 MARCH 2023 TO 31 DECEMBER 2023 |
| FOR |
| ASTRALE LIMITED |
| ASTRALE LIMITED (REGISTERED NUMBER: 13983612) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 31 MARCH 2023 TO 31 DECEMBER 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ASTRALE LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 31 MARCH 2023 TO 31 DECEMBER 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 55 Loudoun Road |
| St John's Wood |
| London |
| NW8 0DL |
| ASTRALE LIMITED (REGISTERED NUMBER: 13983612) |
| BALANCE SHEET |
| 31 DECEMBER 2023 |
| 31.12.23 | 30.3.23 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 profit or loss 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. |
| ASTRALE LIMITED (REGISTERED NUMBER: 13983612) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2023 |
| The financial statements were approved by the director and authorised for issue on |
| ASTRALE LIMITED (REGISTERED NUMBER: 13983612) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 31 MARCH 2023 TO 31 DECEMBER 2023 |
| 1. | STATUTORY INFORMATION |
| Astrale Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| During the period ended 31 December 2023, the company made a loss after tax of £184,305 (2023: £16,092) and had net liabilities of £200,297 (2023: £15,992). |
| The company continues to meet its day to day working capital requirements through loans from related parties of £1,529,186 (2023: £791,821). Accordingly, the director considers it appropriate to prepare the financial statements on the going concern basis and he does not include any adjustment that would result from withdrawal of support. |
| Stocks |
| Stock includes properties in the course of construction held with the intention of selling them in the ordinary course of business. Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises of direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. |
| Cash and cash equivalents |
| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.23 | 30.3.23 |
| £ | £ |
| Amounts owed by related parties |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.23 | 30.3.23 |
| £ | £ |
| Trade creditors |
| Amounts owed to related parties |
| Other creditors |
| ASTRALE LIMITED (REGISTERED NUMBER: 13983612) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 31 MARCH 2023 TO 31 DECEMBER 2023 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.23 | 30.3.23 |
| £ | £ |
| Bank loans (see note 7) |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Banks loans due after more |
| than 5 years, not by |
| installments |
| 7. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.12.23 | 30.3.23 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Banks loans due after more |
| than 5 years, not by |
| installments | 3,092,428 | 3,176,000 |
| 3,092,428 | 3,176,000 |
| The bank facilities are secured by a fixed and floating charge on the company's assets. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.23 | 30.3.23 |
| value: | £ | £ |
| Ordinary | 1 | 100 | 100 |
| 9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The director has provided a personal guarantee of £1,493,183. |
| 10. | RELATED PARTY DISCLOSURES |
| There are cross guarantees with 3 related parties and the bank facilities are secured over the assets of 3 related parties. |