ASHE PROPERTIES LTD

ASHE PROPERTIES LTD

ASHE PROPERTIES LTD - Company Information

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ASHE PROPERTIES LTD

Company Registration Number:
11978945 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2020

Period of accounts

Start date: 03 May 2019

End date: 31 May 2020

ASHE PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 31 May 2020

Balance sheet
Notes

ASHE PROPERTIES LTD

Balance sheet

As at 31 May 2020


Notes
13 months to 31 May 2020


£
Fixed assets
Tangible assets: 3 477,936
Total fixed assets: 477,936
Current assets
Debtors:   9,600
Cash at bank and in hand: 3,953
Total current assets: 13,553
Creditors: amounts falling due within one year: 4 (225,298)
Net current assets (liabilities): (211,745)
Total assets less current liabilities: 266,191
Creditors: amounts falling due after more than one year:   (307,166)
Total net assets (liabilities): (40,975)
Capital and reserves
Called up share capital: 100
Profit and loss account: (41,075)
Shareholders funds: (40,975)

The notes form part of these financial statements

ASHE PROPERTIES LTD

Balance sheet statements

For the year ending 31 May 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 May 2021
and signed on behalf of the board by:

Name: Ahmet Yanay Ahmet
Status: Director

The notes form part of these financial statements

ASHE PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents rental income receivable.

Other accounting policies

Investment Properties:All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

ASHE PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2020

2. Employees

13 months to 31 May 2020
Average number of employees during the period 2

ASHE PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2020

3. Tangible Assets

Total
Cost £
Additions 477,936
At 31 May 2020 477,936
Net book value
At 31 May 2020 477,936

ASHE PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2020

4. Creditors: amounts falling due within one year note

The directors consider the company to be a going concern due to the fact that a significant proportion of the company's debt is funded by the directors themselves and they will not seek repayment until the company has sufficient excess funds to do so.