P.B. Asher (Holdings) Limited - Accounts to registrar (filleted) - small 23.2.5

P.B. Asher (Holdings) Limited - Accounts to registrar (filleted) - small 23.2.5

P.B. ASHER (HOLDINGS) LIMITED - Company Information

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REGISTERED NUMBER: 05726790 (England and Wales)















P.B. ASHER (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022





Rothmans LLP
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR








P.B. ASHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 05726790)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


P.B. ASHER (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: Mrs H Schumacher





SECRETARY: Mr 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
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR
Page 1
ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
P.B. ASHER (HOLDINGS) LIMITED


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 2022 which comprise the Statement of Income and Retained Earnings, 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
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


19 September 2023

This page does not form part of the statutory financial statements

Page 2
P.B. ASHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 05726790)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Investment property 4 590,955 590,955

CURRENT ASSETS
Debtors 5 329,821 84,963
Cash at bank 110 9
329,931 84,972
CREDITORS
Amounts falling due within one year 6 75,523 37,112
NET CURRENT ASSETS 254,408 47,860
TOTAL ASSETS LESS CURRENT
LIABILITIES
845,363
638,815

CREDITORS
Amounts falling due after more than one
year
7
664,089
462,360
NET ASSETS 181,274 176,455

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 181,174 176,355
181,274 176,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2023 and were signed by:





Mrs H Schumacher - Director


The notes form part of these financial statements

Page 3
P.B. ASHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 05726790)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


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.

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.

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

Going concern
The financial statements have been prepared on the going concern basis.

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 property income adjusted for accrued and deferred income where applicable.

Investment property
The investment properties are shown at their fair value as estimated by the directors. Any movement in fair value is recognised in the fair value reserve. Deferred tax is recognised on any fair value adjustments.

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 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 NIL (2021 - NIL).

Page 4 continued...
P.B. ASHER (HOLDINGS) LIMITED (REGISTERED NUMBER: 05726790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2022
and 31 December 2022 590,955
NET BOOK VALUE
At 31 December 2022 590,955
At 31 December 2021 590,955

The freehold investment property is valued at fair value by the directors. The original cost of the property was £798,150 (2021: £798,150).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Other debtors 329,821 84,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Bank loans and overdrafts 67,085 21,409
Taxation and social security 7,438 13,183
Other creditors 1,000 2,520
75,523 37,112

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£ £
Bank loans 384,089 212,360
Other creditors 280,000 250,000
664,089 462,360

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years 96,901 132,469

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£ £
Bank loans 451,174 233,769

9. RELATED PARTY TRANSACTIONS

During the year rent of £80,000 was received from P. B. Asher Diesel Injection Engineers Ltd a company under the control of one of the directors, Mrs H Schumacher. At the balance sheet date £299,821 (2021: £84,963) was owed by this company. The balance can be found within 'Debtors: Amounts due within one year'.

Page 5