Company registration number 11801476 (England and Wales)
ASK PROPERTIES AK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
ASK PROPERTIES AK LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
ASK PROPERTIES AK LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,428
4,081
Investment property
4
780,000
780,000
782,428
784,081
Current assets
Debtors
5
-
0
222
Cash at bank and in hand
17,608
3,559
17,608
3,781
Creditors: amounts falling due within one year
6
(358,131)
(333,826)
Net current liabilities
(340,523)
(330,045)
Total assets less current liabilities
441,905
454,036
Creditors: amounts falling due after more than one year
7
(400,581)
(400,581)
Provisions for liabilities
9
(8,784)
(8,784)
Net assets
32,540
44,671
Capital and reserves
Called up share capital
10
100
100
Profit and loss reserves
32,440
44,571
Total equity
32,540
44,671
ASK PROPERTIES AK LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2025
30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 31 March 2026
Mr Amarjit Kang
Director
Company registration number 11801476 (England and Wales)
ASK PROPERTIES AK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

ASK Properties AK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1010 Eskdale Road, Winnersh Triangle, Wokingham, Berkshire, RG41 5TS.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
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 investment properties is recognised in the profit and loss account on a straight-line basis over the period of the lease. Costs incurred in earning rental income, including property maintenance and management costs, are recognised as expenses in the period in which they are incurred.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and Fittings
25% straight-line
IT Equipment
25% straight-line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

ASK PROPERTIES AK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
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.

1.9
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.

1.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

1.11

Finance costs

Finance costs are charged to profit or loss 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.

ASK PROPERTIES AK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
1.12

Provision for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructiv e 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
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Fixtures and Fittings
IT Equipment
Total
£
£
£
Cost
At 1 July 2024 and 30 June 2025
6,384
2,448
8,832
Depreciation and impairment
At 1 July 2024
2,360
2,391
4,751
Depreciation charged in the year
1,596
57
1,653
At 30 June 2025
3,956
2,448
6,404
Carrying amount
At 30 June 2025
2,428
-
0
2,428
At 30 June 2024
4,024
57
4,081
4
Investment property
2025
£
Fair value
At 1 July 2024 and 30 June 2025
780,000

The 2025 valuations were made by the director, on an open market value for existing use basis.

ASK PROPERTIES AK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
-
0
222
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
378
-
0
Corporation tax
1,411
1,382
Other creditors
356,342
332,444
358,131
333,826
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
400,581
400,581
8
Loans and overdrafts
2025
2024
£
£
Bank loans
400,581
400,581
Other loans
15,000
15,000
415,581
415,581
Payable within one year
15,000
15,000
Payable after one year
400,581
400,581

The interest-only mortgage is repayable in December 2044.

9
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
8,784
8,784
ASK PROPERTIES AK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
9
Deferred taxation
(Continued)
- 7 -
There were no deferred tax movements in the year.
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
50
50
50
50
B Ordinary shares of £1 each
50
50
50
50
100
100
100
100
11
Transactions with directors

During the year, advances of £Nil (202 4: £222) were made to the director, with £Nil (202 4: £Nil) of repayments made.

12
Related party transactions

At the end of the year, included in debtors is £Nil (202 4: £222) owed to the company by the directors, and included in creditors is £Nil owed by the company to the directors (202 4: £Nil).

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