AST Holdings (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04423263 (England and Wales)

AST HOLDINGS (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

A Thorpe

Mrs L Thorpe

SECRETARY:

Mrs L Thorpe

REGISTERED OFFICE:

Coppice House

Halesfield 7

Telford

Shropshire

TF7 4NA

REGISTERED NUMBER:

04423263 (England and Wales)

ACCOUNTANTS:

Stobbs & Co Limited

Coppice House

Halesfield 7

Telford

Shropshire

TF7 4NA

FIXED ASSETS

Tangible assets

4

1,976,135

1,976,135

CURRENT ASSETS

Debtors

5

388,279

388,304

Cash at bank

12,621

3,832

400,900

392,136

CREDITORS

Amounts falling due within one year

6

126,134

72,750

NET CURRENT ASSETS

274,766

319,386

TOTAL ASSETS LESS CURRENT LIABILITIES

2,250,901

2,295,521

CREDITORS

Amounts falling due after more than one year

7

420,291

559,433

NET ASSETS

1,830,610

1,736,088

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

1,830,510

1,735,988

SHAREHOLDERS' FUNDS

1,830,610

1,736,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 9 September 2021 and were signed on its behalf by:

A Thorpe - Director

Mrs L Thorpe - Director

1.	STATUTORY INFORMATION

AST Holdings (UK) 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2020

and 31 March 2021

1,976,135

NET BOOK VALUE

At 31 March 2021

1,976,135

At 31 March 2020

1,976,135

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

9,213

9,242

Other debtors

377,500

377,500

Prepayments

1,566

1,562

388,279

388,304

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts (see note 8)

36,130

34,104

Corporation tax

22,875

21,936

Other creditors

65,330

15,330

Accrued expenses

1,799

1,380

126,134

72,750

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans (see note 8)

420,126

458,280

Directors loan account

165

101,153

420,291

559,433

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

275,606

321,864

8.

LOANS

An analysis of the maturity of loans is given below:

2021

2020

£

£

Amounts falling due within one year or on demand:

Bank loans

36,130

34,104

Amounts falling due between one and two years:

Bank loans 1-2 years

36,131

34,104

Amounts falling due between two and five years:

Bank loans - 2-5 years

108,389

102,312

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

275,606

321,864

9.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

456,256

492,384

The bank loan is secured by a fixed charge over the freehold property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 April 2020

1,735,988

Profit for the year

97,522

Dividends

(3,000

)

At 31 March 2021

1,830,510

12.	RELATED PARTY DISCLOSURES

At 31st March 2021 there was an amount due from Bowring Developments Limited of £377,500 (2020: £377,500) Mr A Thorpe is both a director and shareholder in Bowring Developments Limited.

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AST Holdings (UK) Limited for the year ended 31 March 2021 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 Board of Directors of AST Holdings (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AST Holdings (UK) Limited and state those matters that we have agreed to state to the Board of Directors of AST Holdings (UK) Limited, as a body, 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 AST Holdings (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AST Holdings (UK) 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 AST Holdings (UK) Limited. You consider that AST Holdings (UK) 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 AST Holdings (UK) 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.

Stobbs & Co Limited

Coppice House

Halesfield 7

Telford

Shropshire

TF7 4NA

9 September 2021