P.B. Asher (Holdings) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05726790 (England and Wales)

P.B. ASHER (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

Mrs H Schumacher

SECRETARY:

B W P Cross

REGISTERED OFFICE:

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

REGISTERED NUMBER:

05726790 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and

the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of P.B. Asher (Holdings) Limited for the year ended 31 December 2019 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of P.B. Asher (Holdings) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P.B. Asher (Holdings) Limited and state those matters that we have agreed to state to the director of P.B. Asher (Holdings) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P.B. Asher (Holdings) Limited and its director for our work or for this report.

It is your duty to ensure that P.B. Asher (Holdings) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P.B. Asher (Holdings) Limited. You consider that P.B. Asher (Holdings) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P.B. Asher (Holdings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans LLP

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

6 July 2020

FIXED ASSETS

Tangible assets

4

582,279

599,631

Investments

5

-

169,934

582,279

769,565

CURRENT ASSETS

Debtors

6

135,147

64,502

Cash at bank

-

2,384

135,147

66,886

CREDITORS

Amounts falling due within one year

7

41,154

21,931

NET CURRENT ASSETS

93,993

44,955

TOTAL ASSETS LESS CURRENT LIABILITIES

676,272

814,520

CREDITORS

Amounts falling due after more than one year

8

501,864

505,408

NET ASSETS

174,408

309,112

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

-

169,833

Retained earnings

174,308

139,179

174,408

309,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

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

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

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

The financial statements were approved by the director and authorised for issue on 24 June 2020 and were signed by:

Mrs H Schumacher - Director

1.	STATUTORY INFORMATION

P B Asher (Holdings) Limited is a private company, limited by shares, registered in England and Wales. The

company's registered number is 05726790 and its registered office address is Fryern House, 125 Winchester

Road, Chandlers Ford, Hampshire, SO53 2DR.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and

assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the

amounts reported for revenues and expenses during the year. However, the nature of estimation means that

actual outcomes could differ from those estimates.

There have been no judgements and estimates which have had the significant effect on amounts recognised in

the financial statements during the year.

Turnover

Turnover represents net property income adjusted for accrued and deferred income where applicable.

Tangible fixed assets

All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to

bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended

by management.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful

economic life of that asset as follows:

Land and buildings

Over the period of the lease

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each

reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the

difference between the net disposal proceeds and the carrying amount is recognised in the income statement.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 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 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 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2019

and 31 December 2019

798,150

DEPRECIATION

At 1 January 2019

198,519

Charge for year

17,352

At 31 December 2019

215,871

NET BOOK VALUE

At 31 December 2019

582,279

At 31 December 2018

599,631

5.	FIXED ASSET INVESTMENTS

2019

2018

£

£

Shares in group undertakings

-

169,933

Investment in loan

-

1

-

169,934

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 January 2019

169,933

Disposals

(169,933

)

At 31 December 2019

-

NET BOOK VALUE

At 31 December 2019

-

At 31 December 2018

169,933

Investment

in loan

£

At 1 January 2019

1

Repayment in year

(1

)

At 31 December 2019

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed by group undertakings

135,147

64,502

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

30,479

17,112

Taxation and social security

9,675

3,819

Other creditors

1,000

1,000

41,154

21,931

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

251,864

255,408

Other creditors

250,000

250,000

501,864

505,408

9.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

281,053

272,520

10.

RESERVES

Revaluation

reserve

£

At 1 January 2019

169,833

Transfers

(169,833

)

At 31 December 2019

-