Asara Limited - Accounts to registrar (filleted) - small 18.2

Asara Limited - Accounts to registrar (filleted) - small 18.2

ASARA LIMITED - Company Information

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REGISTERED NUMBER: 09337101











Unaudited Financial Statements

for the Year Ended 31st December 2018

for

Asara Limited
Asara Limited (Registered number: 09337101)






Contents of the Financial Statements
for the year ended 31st December 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Asara Limited

Company Information
for the year ended 31st December 2018







DIRECTORS: Miss B A Jones
R D M Thomas





REGISTERED OFFICE: C/o Acuity Legal
3 Assembly Square
Britannia Quay
Cardiff
CF10 4PL





REGISTERED NUMBER: 09337101





ACCOUNTANTS: Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB
Page 1
Asara Limited (Registered number: 09337101)

Abridged Balance Sheet
31st December 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,250 2,443
Investment property 5 231,107 231,107
233,357 233,550

CURRENT ASSETS
Cash at bank 747 3,694

CREDITORS
Amounts falling due within one year 195,147 188,796
NET CURRENT LIABILITIES (194,400 ) (185,102 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
38,957
48,448

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 37,957 47,448
SHAREHOLDERS' FUNDS 38,957 48,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
Asara Limited (Registered number: 09337101)

Abridged Balance Sheet - continued
31st December 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 28th January 2019 and were signed
on its behalf by:





R D M Thomas - Director


The notes form part of these financial statements

Page 3
Asara Limited (Registered number: 09337101)

Notes to the Financial Statements
for the year ended 31st December 2018

1. STATUTORY INFORMATION

Asara Limited is a private company, limited by shares , registered in Not specified/Other. The
company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive income
or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that
are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

Page 4 continued...
Asara Limited (Registered number: 09337101)

Notes to the Financial Statements - continued
for the year ended 31st December 2018

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2018 2,874
Additions 280
At 31st December 2018 3,154
DEPRECIATION
At 1st January 2018 431
Charge for year 473
At 31st December 2018 904
NET BOOK VALUE
At 31st December 2018 2,250
At 31st December 2017 2,443

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2018
and 31st December 2018 231,107
NET BOOK VALUE
At 31st December 2018 231,107
At 31st December 2017 231,107

Page 5