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ASHA INVESTMENTS (UK) LTD - Company Information

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Asha Investments (UK) Ltd

Registered Number:05832053

For the year ended 31 March 2019

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2019

Asha Investments (UK) Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2019

Asha Investments (UK) Ltd

Statement of Financial Position

Registered Number :

05832053

2018

2019

Notes

Fixed assets

Property, plant and equipment

3,339

4,452

3,084,113

2,101,332

Investment property

3,087,452

2,105,784

Current assets

Inventories

984,186

1,330,728

Trade and other receivables

1,375,722

761,247

5,560

Cash and cash equivalents

28,143

2,120,118

2,365,468

Trade and other payables: amounts falling due within one

year

(138,116)

(70,871)

2,227,352

2,049,247

Net current assets

Total assets less current liabilities

5,136,699

4,333,136

Trade and other payables: amounts falling due after more

than one year

(2,895,592)

(3,515,896)

(109,519)

(88,662)

Provisions for liabilities

1,511,284

Net assets

1,348,882

Capital and reserves

Called up share capital

100

Retained earnings

1,511,184

1,348,782

1,511,284

1,348,882

Shareholders' funds

For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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

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For the year ended 31 March 2019

Asha Investments (UK) Ltd

Statement of Financial Position Continued

Mrs I K Makkar Director

These financial statements were approved and authorised for issue by the Board on 10 December 2019 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2019

Asha Investments (UK) Ltd

Notes to the Financial Statements

Statutory Information

Asha Investments (UK) Ltd is a private limited company, limited by shares, domiciled in England and Wales,

registration number 05832053.

Registered address:

Top Floor Bridgewater House

866 - 868 Uxbridge Road

Hayes

Middlesex

UB4 0RR

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amountsreceivable for sale of residential flats and rent from commercial and residential properties. Revenue from the sale ofproperties is recognised when the properties have been transferred to the customers such that the risks and rewardsof ownership of are transferred to them.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

25% Reducing balance

Computer equipment

25% Reducing balance

Fixtures and fittings

The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is

likely that there has been a material change in value.

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.

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

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For the year ended 31 March 2019

Asha Investments (UK) Ltd

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Cost or

valuation

At 01 April 2018

20,589

1,085

19,504

At 31 March 2019

19,504

1,085

20,589

Provision for depreciation and impairment

At 01 April 2018

16,137

1,056

15,081

Charge for year

1,113

1,106

At 31 March 2019

17,250

1,063

16,187

At 31 March 2019

Net book value

3,317

3,339

At 31 March 2018

4,423

4,452

3. Investment property

Total

Fair value

At 01 April 2018

2,101,332

Additions

860,090

Fair value adjustments

122,691

At 31 March 2019

3,084,113

Net book value

At 31 March 2019

3,084,113

At 31 March 2018

2,101,332

4. Investments held as fixed assets

5. Inventories

2018

2019

Stocks

1,330,728

984,186

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For the year ended 31 March 2019

Asha Investments (UK) Ltd

Notes to the Financial Statements Continued

6. Trade and other receivables

2018

2019

Trade debtors

22,222

2,639

Amounts owed by group undertakings and participating interests

730,000

1,361,160

Other debtors

9,025

11,923

1,375,722

761,247

The debtors above include the following amounts falling due after more than one year:

Amounts owed by group undertakings and participating interests

730,000

7. Trade and other payables: amounts falling due within one year

2018

2019

Bank loans and overdraft

1,739

1,867

Trade creditors

36,369

8,600

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

5,000

Taxation and social security

19,630

120,766

Other creditors

8,133

6,883

70,871

138,116

8. Trade and other payables: amounts falling due after more than one year

2018

2019

Bank loans and overdraft (secured)

3,481,546

2,886,242

Other creditors

34,350

9,350

3,515,896

2,895,592

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