Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30true2023-10-01falseBuying and selling of own real estate Other letting and operating of own or leased real estate11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12913443 2023-10-01 2024-09-30 12913443 2022-10-01 2023-09-30 12913443 2024-09-30 12913443 2023-09-30 12913443 c:Director1 2023-10-01 2024-09-30 12913443 d:FreeholdInvestmentProperty 2024-09-30 12913443 d:FreeholdInvestmentProperty 2023-09-30 12913443 d:CurrentFinancialInstruments 2024-09-30 12913443 d:CurrentFinancialInstruments 2023-09-30 12913443 d:Non-currentFinancialInstruments 2024-09-30 12913443 d:Non-currentFinancialInstruments 2023-09-30 12913443 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12913443 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12913443 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 12913443 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 12913443 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 12913443 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 12913443 d:ShareCapital 2024-09-30 12913443 d:ShareCapital 2023-09-30 12913443 d:RevaluationReserve 2024-09-30 12913443 d:RevaluationReserve 2023-09-30 12913443 d:RetainedEarningsAccumulatedLosses 2024-09-30 12913443 d:RetainedEarningsAccumulatedLosses 2023-09-30 12913443 d:OtherDeferredTax 2024-09-30 12913443 d:OtherDeferredTax 2023-09-30 12913443 c:OrdinaryShareClass1 2023-10-01 2024-09-30 12913443 c:OrdinaryShareClass1 2024-09-30 12913443 c:OrdinaryShareClass1 2023-09-30 12913443 c:FRS102 2023-10-01 2024-09-30 12913443 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12913443 c:FullAccounts 2023-10-01 2024-09-30 12913443 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12913443 5 2023-10-01 2024-09-30 12913443 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12913443









AS REALTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
AS REALTY LIMITED
REGISTERED NUMBER: 12913443

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,100,000
2,100,000

Current assets
  

Debtors: amounts falling due within one year
 5 
2,773,110
2,809,162

Cash at bank and in hand
  
44,110
14,348

  

Creditors: amounts falling due within one year
 6 
(16,568)
(20,622)

Net current assets
  
 
 
2,800,652
 
 
2,802,888

Total assets less current liabilities
  
4,900,652
4,902,888

Creditors: amounts falling due after more than one year
 7 
(982,380)
(984,443)

Provisions for liabilities
  

Deferred tax
 9 
(74,357)
(74,357)

Net assets
  
3,843,915
3,844,088


Capital and reserves
  

Called up share capital 
 10 
100
100

Revaluation reserve
  
223,071
223,071

Profit and loss account
  
3,620,744
3,620,917

  
3,843,915
3,844,088


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.

Page 1

 
AS REALTY LIMITED
REGISTERED NUMBER: 12913443
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

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 27 June 2025.




A Ozerin
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
AS REALTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

AS Realty Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, England, E11 1GA.  
                                                                
The principal activity of the company during the year continued to be that of letting and operating of own or leased real estate.

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:

Rental income
Rental income from operating leases is recognised on a straight line basis over the term of the lease.

 
2.3

Finance costs

Finance costs are charged to the Statement of income and retained earnings 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.

 
2.4

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

Page 3

 
AS REALTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

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.


 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

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 the Statement of income and retained earnings.

Page 4

 
AS REALTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 5

 
AS REALTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
2,100,000



At 30 September 2024
2,100,000

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




5.


Debtors

2024
2023
£
£

Amounts owed by group undertakings
869,313
876,565

Other debtors
1,903,797
1,932,597

2,773,110
2,809,162



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,660
1,628

Other creditors
11,908
9,120

Accruals and deferred income
3,000
9,874

16,568
20,622


Page 6

 
AS REALTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
982,380
984,443


Details of security provided:
The bank loan is secured on the investment property within the company.


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
982,380
984,443




9.


Deferred taxation




2024


£






At beginning of year
(74,357)



At end of year
(74,357)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrelealised gain on revaluation of investment properties
(74,357)
(74,357)

Page 7

 
AS REALTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) "A" Ordinary Share shares of £1.00 each
100
100



11.


Controlling party

The company is controlled its parent company AS Realty Holdings Limited. AS Realty Holdings Limited is incorporated in England and Wales.

 
Page 8