Registered number
08991125
ASK ESTATES (LEICESTER) LTD
Filleted Accounts
30 April 2024
ASK ESTATES (LEICESTER) LTD
Registered number: 08991125
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,447,659 2,447,573
Current assets
Debtors 4 105,487 90,393
Cash at bank and in hand 79,507 149,897
184,994 240,290
Creditors: amounts falling due within one year 5 (153,502) (157,361)
Net current assets 31,492 82,929
Total assets less current liabilities 2,479,151 2,530,502
Creditors: amounts falling due after more than one year 6 (2,276,000) (2,288,795)
Provisions for liabilities (31,673) (31,673)
Net assets 171,478 210,034
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 9 135,028 135,028
Profit and loss account 35,450 74,006
Shareholders' funds 171,478 210,034
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.
A S Kullar
Director
Approved by the board on 30 May 2025
ASK ESTATES (LEICESTER) LTD
Notes to the Accounts
for the year ended 30 April 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 represents the amount received for rent charged during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold Investment properties, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment -10% per annum on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment property Fixture, fittings and equipment Total
£ £ £
Cost
At 1 May 2023 2,446,766 1,525 2,448,291
Additions - 265 265
At 30 April 2024 2,446,766 1,790 2,448,556
Depreciation
At 1 May 2023 - 718 718
Charge for the year - 179 179
At 30 April 2024 - 897 897
Net book value
At 30 April 2024 2,446,766 893 2,447,659
At 30 April 2023 2,446,766 807 2,447,573
4 Debtors 2024 2023
£ £
Trade debtors 67,987 90,393
Other debtors 37,500 -
105,487 90,393
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans (secured) 38,708 43,242
Trade creditors 92,925 86,850
Taxation and social security costs 16,984 16,984
Accruals 4,885 10,285
153,502 157,361
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans (secured) 1,528,165 1,568,823
Other creditors 747,835 719,972
2,276,000 2,288,795
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 1,389,225 1,404,350
Secured bank loans 1,566,873 1,612,065
The bank loans are secured by charges over the freehol investment properties owned by the company.
8 Provision for liabilities 2024 2023
£ £
Deferred taxation
Investment property revaluation 31,673 31,673
31,673 31,673
9 Revaluation reserve 2024 2023
£ £
At 1 May 2023 135,028 135,028
At 30 April 2024 135,028 135,028
10 Other information
ASK ESTATES (LEICESTER) LTD is a private company limited by shares and incorporated in England. Its registered office is:
128A Evington Road
Leicester
LE2 1HL
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