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Registered number: 10594740
ASHIRA HOLDINGS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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CONTENTS
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Statement of Financial Position
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Notes to the Financial Statements
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ASHIRA HOLDINGS LTD
REGISTERED NUMBER:10594740
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STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2025
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Debtors: amounts falling due after more than one year
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Debtors: amounts falling due within one year
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Current asset investments
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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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.
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.
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ASHIRA HOLDINGS LTD
REGISTERED NUMBER:10594740
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 April 2026.
The notes on pages 3 to 8 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Ashira Holdings Limited is a private limited liability company incorporated in England and Wales with its registered and business office address at 3rd Floor, 107 Jermyn Street, London, SW1Y 6EE.
The principal activity of the Company is that of investments.
2.Accounting policies
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Basis of preparation of financial statements
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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:
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Exemption from preparing consolidated financial statements
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
The financial statements of the Company have been prepared on a going concern basis, the validity of which is dependant on the continued availability of bank loan facilities. The director is satisfied that suitable facilities will continue to be made available for at least twelve months from the date of his approval of these financial statements and that the Company will be able to meet its working capital requirements for the foreseeable future.
Turnover comprises rent receivable exclusive of Value Added Tax.
Rental income is recognised in the period to which it relates. Rental income received in advance is carried forward as deferred income.
Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.
Finance costs are charged to the Statement of Comprehensive Income 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.
All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.Accounting policies (continued)
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is £ Sterling.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Tax is recognised in the Statement of Comprehensive Income, 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 reporting date in the countries where the company operates and generates income.
Investment property is carried at fair value determined annually by the director 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 Comprehensive Income.
Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short term debtors are measured at the 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.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.Accounting policies (continued)
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.
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The average monthly number of employees, including directors, during the year was 6 (2024 - 6).
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Investments in subsidiary companies
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Freehold investment property
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The 2025 valuations were made by the director, on an open market value for existing use basis.
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If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Due after more than one year
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Amounts owed by group undertakings
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Prepayments and accrued income
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Current asset investments
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Taxation and social security
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Accruals and deferred income
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Secured loans
The Company's bank facilities are secured by a first charge on the investment properties, listed investments, bank credit balances and a debenture over the assets of the Company.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Creditors: Amounts falling due after more than one year
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Secured loans
The Company's bank facilities are secured by a first charge on the investment properties, listed investments, bank credit balances and a debenture over the assets of the Company.
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Allotted, called up and fully paid
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18 (2024 - 18) Ordinary shares of £1 each
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11.Director's personal guarantees
D Yamin-Joseph has given a personal guarantee in the sum of £14 million as security for the Company's bank facilities.
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Related party transactions
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The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.
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Subsequent to the year end, the shareholders exchanged their shares in the Company for shares in a newly incorporated holding company, Ashira Hodaot Limited, by way of a share for share exchange. As part of the same restructuring, approximately 80% of the Company's properties by value were transferred at market value to newly incorporated subsidiaries of Ashira Hodaot Limited and distributed to certain shareholders in satisfaction of their shareholdings in that company.
Following completion of the restructuring, the Company is now a wholly owned subsidiary of Ashira Hodaot Limited with a reduced property portfolio. These are non-adjusting post-balance sheet events as they relate to conditions arising after the Statement of Financial Position date.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
The auditors' report on the financial statements for the year ended 31 July 2025 was unqualified.
The audit report was signed on 29 April 2026 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.
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