Ast Besitzgesellschaft Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08370139 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

FOR

AST BESITZGESELLSCHAFT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Strohmann

D Strohmann

REGISTERED OFFICE:

Unit 70, Clywedog Road East

Wrexham Industrial Estate

Wrexham

Wrexham

LL13 9XE

REGISTERED NUMBER:

08370139 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Santander UK plc

Bridle Road

Bootle

L30 4GB

SECONDARY BANKERS:

Commerzbank AG

Bahnhofstr 2

57072 Siegen

FIXED ASSETS

Tangible assets

4

2,659,744

2,474,261

Investment property

5

2,854,857

2,854,857

5,514,601

5,329,118

CURRENT ASSETS

Debtors

6

419,669

109,456

Cash at bank

2,721,250

368,903

3,140,919

478,359

CREDITORS

Amounts falling due within one year

7

9,161,158

6,088,772

NET CURRENT LIABILITIES

(6,020,239

)

(5,610,413

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(505,638

)

(281,295

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(505,738

)

(281,395

)

SHAREHOLDERS' FUNDS

(505,638

)

(281,295

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th April 2021 and were signed on its behalf by:

D Strohmann - Director

1.	STATUTORY INFORMATION

Ast Besitzgesellschaft 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.

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.

Turnover

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

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

-

10% 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 Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st January 2020

3,123,165

Additions

512,103

At 31st December 2020

3,635,268

DEPRECIATION

At 1st January 2020

648,904

Charge for year

326,620

At 31st December 2020

975,524

NET BOOK VALUE

At 31st December 2020

2,659,744

At 31st December 2019

2,474,261

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2020

and 31st December 2020

2,854,857

NET BOOK VALUE

At 31st December 2020

2,854,857

At 31st December 2019

2,854,857

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Deferred tax asset

130,220

77,596

Prepayments

289,449

31,860

419,669

109,456

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

847

76,169

Amounts owed to group undertakings

9,124,054

6,002,430

VAT

34,757

9,173

Accruals and deferred income

1,500

1,000

9,161,158

6,088,772

8.	DEFERRED TAX

£

Balance at 1st January 2020

(77,596

)

Movement in the year due to:

changes in tax rates

changes in tax allowances

65,820

changes in losses

(118,444

)

Balance at 31st December 2020

(130,220

)

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY