Asha Investments (UK) Ltd,Ltd - Accounts

Asha Investments (UK) Ltd,Ltd - Accounts

ASHA INVESTMENTS (UK) LTD - Company Information

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2014-11-01 true false Private Limited Company 05832053 2015-10-31 05832053 2014-11-01 2015-10-31 05832053 2014-10-31 05832053 2013-11-01 2014-10-31 05832053 uk-bus:Director1 2014-11-01 2015-10-31 05832053 uk-gaap:ComputerEquipment 2014-11-01 2015-10-31 05832053 uk-gaap:CommercialMotorVehicles 2014-11-01 2015-10-31 05832053 uk-gaap:FixturesFittings 2014-11-01 2015-10-31 05832053 uk-gaap:WithinOneYear 2015-10-31 05832053 uk-gaap:WithinOneYear 2014-10-31 05832053 uk-gaap:AfterOneYear 2015-10-31 05832053 uk-gaap:AfterOneYear 2014-10-31 05832053 uk-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP
Asha Investments (UK) Ltd
For the year ended 31 October 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05832053
2
Contents Page
Asha Investments (UK) Ltd
For the year ended 31 October 2015
1
Balance Sheet
2 to 4
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Asha Investments (UK) Ltd
As at 31 October 2015
05832053
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
2,211,587
2,129,299
2,211,587
2,129,299
Current assets
Stocks
2,329,785
1,957,012
Debtors
28,663
25,552
Cash at bank and in hand
15,186
14
1,997,750
2,358,462
Creditors: amounts falling due within one year
4
(91,706)
(70,799)
2,266,756
1,926,951
Net current assets
Total assets less current liabilities
4,138,538
4,396,055
Creditors: amounts falling due after more than one year
5
(4,056,349)
(3,630,096)
508,442
Net assets
339,706
Capital and reserves
Called up share capital
100
6
100
Revaluation reserve
183,255
183,255
Profit and loss account
325,087
156,351
508,442
339,706
Shareholders funds
For the year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Date approved by the board: 15 July 2016
Mr H Anand Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Asha Investments (UK) Ltd
For the year ended 31 October 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the sale of properties.
Tangible fixed assets
Tangible fixed assets, other than leasehold property, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Reducing balance
Fixtures and Fittings
25% Reducing balance
The company's freehold properties are revalued in full every five years. Interim valuations are carried out when it
is likely that there has been a material change in value.
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date.
The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only
on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities
(effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible
assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the
financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors
reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be
separately identified or quantified.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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5
Notes to the Abbreviated Financial Statements
Asha Investments (UK) Ltd
For the year ended 31 October 2015
2 Tangible fixed assets
Tangible
fixed assets
Cost or valuation
£
2,139,968
At 01 November 2014
84,411
Additions
At 31 October 2015
2,224,379
Depreciation
10,669
At 01 November 2014
2,123
Charge for year
12,792
At 31 October 2015
Net book values
At 31 October 2015
2,211,587
2,129,299
At 31 October 2014
Cost or valuation at 31 October 2015 represented by: £ Valuation in 2009 73,092Valuation in 2008 87,635Valuation in 2012 (1,849)Valuation in 2014 24,378Cost 2,021,964 -------------- 2,205,220 ========= If had not been revalued would have been included at the following historical cost: 31-10-2015 31-10-2014 £ £Cost 2,021,964 1,941,160 ======== ========
3 Fixed asset investments
Net book value
At 31 October 2015
-
-
2015
4 Creditors: amounts falling due within one year
£
£
2014
1,516
56,667
Bank loans and overdrafts (secured)
2014
2015
5 Creditors due after more than one year
£
£
2,719,101
2,999,709
Bank loans and overdrafts (secured)
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6
Notes to the Abbreviated Financial Statements
Asha Investments (UK) Ltd
For the year ended 31 October 2015
6 Share capital
Allotted called up and fully paid
2015
2014
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
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