Ashila Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11174382

Ashila Limited

Filleted Unaudited Financial Statements

31 March 2025

Ashila Limited

Balance Sheet

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	34,429	43,036
Investments	6	17,886,368	16,264,096
		-------------	-------------
		17,920,797	16,307,132

Current assets

Debtors	7	56,365	67,704
Cash at bank and in hand		195,008	802,655
		---------	---------
		251,373	870,359

Creditors: amounts falling due within one year	8	1,435,492	430,892
		------------	---------
Net current (liabilities)/assets		( 1,184,119)	439,467
		-------------	-------------
Total assets less current liabilities		16,736,678	16,746,599

Creditors: amounts falling due after more than one year	9	10,192,189	11,527,461

Provisions	10	52,259	–
		-------------	-------------
Net assets		6,492,230	5,219,138
		-------------	-------------

Capital and reserves

Called up share capital		220	220
Profit and loss account	12	6,492,010	5,218,918
		------------	------------
Shareholders funds		6,492,230	5,219,138
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ashila Limited

Balance Sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mrs Swetha Patel

Director

Company registration number: 11174382

Ashila Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Office 2 Newstead Court, 33 Brent Street, London, NW4 2EF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered and is stated net of discounts.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	20% reducing balance
Equipment	-	20% reducing balance

Investments

Investment properties are revalued annually to their fair value and any surplus or deficit is dealt with through profit and loss. No provision for depreciation or amortisation is made on investment properties.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	45,785	3,126	48,911
	--------	-------	--------
Depreciation
At 1 April 2024	4,197	1,678	5,875
Charge for the year	8,318	289	8,607
	--------	-------	--------
At 31 March 2025	12,515	1,967	14,482
	--------	-------	--------
Carrying amount
At 31 March 2025	33,270	1,159	34,429
	--------	-------	--------
At 31 March 2024	41,588	1,448	43,036
	--------	-------	--------

6. Investments

	Investment properties
	£
Cost
At 1 April 2024	16,264,096
Additions	569,200
Revaluations	1,053,072
	-------------
At 31 March 2025	17,886,368
	-------------
Impairment
At 1 April 2024 and 31 March 2025	–
	-------------

Carrying amount
At 31 March 2025	17,886,368
	-------------
At 31 March 2024	16,264,096
	-------------

The company's investment properties were valued by Cushman & Wakefield, property valuers, in June 2025. In the opinion of the directors, the values of the properties at the reporting date are the same as the valuations carried out in June 2025,

7. Debtors

	2025	2024
	£	£
Other debtors	56,365	67,704
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	1,160,000	177,500
Corporation tax	93,765	75,379
Other creditors	181,727	178,013
	------------	---------
	1,435,492	430,892
	------------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	6,385,000	7,545,000
Other creditors	3,807,189	3,982,461
	-------------	-------------
	10,192,189	11,527,461
	-------------	-------------

The bank loan is secured by fixed and floating charges over the company's properties and undertakings.

10. Provisions

	Deferred tax (note 11)
	£
At 1 April 2024	–
Additions	52,259
	--------
At 31 March 2025	52,259
	--------

11. Deferred tax

The deferred tax included in the balance sheet is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	52,259	–
	--------	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	8,608	–
Fair value adjustment of investment property	43,651	–
	--------	----
	52,259	–
	--------	----

12. Reserves

Profit and loss account

	2025	2024
	£	£
Distributable reserves	6,361,059	6,097,389
Fair value gain/ (loss) on investment properties	130,951	(878,471)
	------------	------------
	6,492,010	5,218,918
	------------	------------

13. Related party transactions

The company has taken advantage of the exemption from disclosing related party transactions with other companies that are wholly owned within the group.