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Registration number: 05734078

Prepared for the registrar
Ashaeve Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 November 2024

Ashaeve Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Ashaeve Limited

Company Information

Director | Sumit Kochhar

Company secretary | Kathryn Kochhar

Registered office | Units 7 & 8 Brookfield Trade Centre Brookfield Drive Liverpool L9 7AS

Accountants | Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Ashaeve Limited

(Registration number: 05734078)
Balance Sheet as at 30 November 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |
Debtors | 4 | 8,652,037 | 8,623,408
Cash at bank and in hand |  | - | 315,766
|  | 8,652,037 | 8,939,174
Creditors: Amounts falling due within one year | 5 | (1,056,644) | (1,337,638)
Net assets |  | 7,595,393 | 7,601,536
Capital and reserves |  |  |
Called up share capital | 6 | 100 | 100
Retained earnings |  | 7,595,293 | 7,601,436
Shareholders' funds |  | 7,595,393 | 7,601,536

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 November 2025

Sumit Kochhar
Director

Ashaeve Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Units 7 & 8
Brookfield Trade Centre
Brookfield Drive
Liverpool
L9 7AS
England

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecast ad projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Tax

The tax expense for the period comprises corporation and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Ashaeve Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

| 2 | Accounting policies (continued)

Business combinations

Business combinations, including subsequent hive ups of subsisiaries, are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the company in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the company includes the estimated amount of that adjustment in the cost of the combination at the acquiisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of stocks comprises direct materials and, where applicable, costs incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Ashaeve Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

| 2 | Accounting policies (continued)

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

| 3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

| 4 | Debtors

| Note | 2024 £ | 2023 £
Amounts owed by related parties | 7 | 8,212,035 | 8,277,552
Other debtors |  | 279,315 | 204,563
Corporation tax asset |  | 160,687 | 141,293
|  | 8,652,037 | 8,623,408
Less non-current portion |  | - | (70,368)
Total current trade and other debtors |  | 8,652,037 | 8,553,040

Ashaeve Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

| 5 | Creditors

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Trade creditors |  | - | 5,870
Amounts due to related parties | 7 | 1,037,210 | 1,259,228
Taxation and social security |  | 15,456 | 70,925
Accruals and deferred income |  | 3,978 | 1,615
|  | 1,056,644 | 1,337,638

| 6 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary A shares of £1 each | 75 | 75 | 75 | 75
Ordinary B shares of £1 each | 15 | 15 | 15 | 15
Ordinary C shares of £1 each | 5 | 5 | 5 | 5
Ordinary D shares of £1 each | 5 | 5 | 5 | 5
| 100 | 100 | 100 | 100

The different classes of share referred to above carry separate rights to dividends but, in all other significant respects, rank pari passu.

Ashaeve Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

| 7 | Related party transactions

Transactions with the director

2024 | At 1 December 2023 £ | Advances to director £ | At 30 November 2024 £
Sumit Kochhar
Loan - Interest of 2.25% charged | 189,174 | 69,214 | 258,388

2023 | At 1 December 2022 £ | Repayments by director £ | At 30 November 2023 £
Sumit Kochhar
Loan - Interest of 2.25% charged | 413,219 | (224,045) | 189,174

Summary of transactions with parent

As at the year end, the company was owed £7,683,616 (2023 - £7,681,023) from Ashaeve Holdings Limited. No interest is charged on the loan and there are no set repayment terms.

Summary of transactions with other related parties

As at the year end, the company owed £959,456 (2023 - £1,179,843) to Priya Limited. No interest is charged on the loan and there are no set repayment terms.
As at the year end, the company owed £77,754 (2023 - £79,385) to R.B. Healthcare Limited. No interest is charged on the loan and there are no set repayment terms.
As at the year end, the company was owed £528,419 (2023 - £596,529) from Greendoor Properties Limited. No interest is charged on the loan and there are no set repayment terms.