A S Leisure Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03543464 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

A S Leisure Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

H Ejdelbaum

J Sucharewicz

SECRETARY:

H Ejdelbaum

REGISTERED OFFICE:

3 Park Road

London

NW1 6AS

REGISTERED NUMBER:

03543464 (England and Wales)

ACCOUNTANTS:

Seddon Smith

Milton House

Gatehouse Road

Aylesbury

Buckinghamshire

HP18 8EA

FIXED ASSETS

Investment property

4

9,913,573

6,750,000

CURRENT ASSETS

Debtors

5

1,111,173

317

Prepayments and accrued income

5,100

-

Cash at bank

60,197

4,828

1,176,470

5,145

CREDITORS

Amounts falling due within one year

6

164,684

104,093

NET CURRENT ASSETS/(LIABILITIES)

1,011,786

(98,948

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,925,359

6,651,052

CREDITORS

Amounts falling due after more than one year

7

6,500,000

4,382,250

NET ASSETS

4,425,359

2,268,802

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

8

3,297,309

2,006,740

Retained earnings

1,128,048

262,060

4,425,359

2,268,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 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 Board of Directors and authorised for issue on 5 October 2020 and were signed on its behalf by:

H Ejdelbaum - Director

1.	STATUTORY INFORMATION

A S Leisure Properties Limited is a private company, limited by shares , registered in England and Wales. 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 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2019

6,750,000

Additions

1,156,833

Revaluations

2,006,740

At 30 April 2020

9,913,573

NET BOOK VALUE

At 30 April 2020

9,913,573

At 30 April 2019

6,750,000

Fair value at 30 April 2020 is represented by:

£

Valuation in 2020

9,913,573

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade debtors

51,026

317

Amounts owed by group undertakings

1,060,000

-

Other debtors

147

-

1,111,173

317

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade creditors

824

1,032

Taxation and social security

147,887

51,329

Other creditors

15,973

51,732

164,684

104,093

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.20

30.4.19

£

£

Amounts owed to group undertakings

-

4,382,250

Other creditors

6,500,000

-

6,500,000

4,382,250

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

6,500,000

-

8.

RESERVES

Revaluation

reserve

£

At 1 May 2019

2,006,740

Released on disposal

1,290,569

At 30 April 2020

3,297,309

9.	ULTIMATE CONTROLLING PARTY

AS Investment Holdings Limited, a company incorporated in England & Wales.

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2020 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Seddon Smith

Milton House

Gatehouse Road

Aylesbury

Buckinghamshire

HP18 8EA

5 October 2020