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2018-03-31
Asha Investments (UK) Ltd |
Registered Number:05832053 |
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2018
Asha Investments (UK) Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Asha Investments (UK) Ltd
Statement of Financial Position
2017
2018
Property, plant and equipment |
4,452
5,936
2
3
2,101,332
1,683,926
2,105,784
1,689,862
810,151
984,186
4
Trade and other receivables |
557,998
1,375,722
5
90,250
Cash and cash equivalents |
5,560
2,365,468
1,458,399
Trade and other payables: amounts falling due within one |
year |
(186,815)
(138,116)
6
1,271,584
2,227,352
Net current assets
Total assets less current liabilities |
4,333,136
2,961,446
Trade and other payables: amounts falling due after more |
than one year |
(1,917,971)
(2,895,592)
7
(88,662)
(21,638)
Provisions for liabilities |
1,348,882
Net assets
1,021,837
100
100
1,348,782
1,021,737
1,348,882
1,021,837
Shareholders' funds
For the year ended 31 March 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
1 of 5
4
For the year ended 31 March 2018
Asha Investments (UK) Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 23 November 2018 and were signed by: |
The notes form part of these financial statements |
2 of 5
5
For the year ended 31 March 2018
Asha Investments (UK) Ltd
Notes to the Financial Statements
Statutory Information
Asha Investments (UK) Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 05832053. |
Top Floor Bridgewater House
866 - 868 Uxbridge Road
Hayes
Middlesex
UB4 0RR
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amountsreceivable for sale of residential flats and rent from commercial and residential properties. Revenue from the sale ofproperties is recognised when the properties have been transferred to the customers such that the risks and rewardsof ownership of are transferred to them. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, 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
Fixtures and fittings
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 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. |
Inventories
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. |
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and otherdeferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal ofdeferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that havebeen enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timingdifference |
3 of 5
6
For the year ended 31 March 2018
Asha Investments (UK) Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
20,589
1,085
19,504
19,504
1,085
20,589
Provision for depreciation and impairment |
14,653
1,046
13,607
Charge for year
1,484
10
1,474
16,137
1,056
15,081
4,423
29
4,452
5,897
39
5,936
1,683,926
23,146
394,260
2,101,332
2,101,332
1,683,926
2017
2018
984,186
810,151
4 of 5
7
For the year ended 31 March 2018
Asha Investments (UK) Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2017
2018
2,639
-
Amounts owed by group undertakings and participating interests |
1,361,160
522,000
11,923
35,998
557,998
1,375,722
6. Trade and other payables: amounts falling due within one year |
2017
2018
1,867
-
8,600
159
Taxation and social security |
120,766
174,831
6,883
11,825
138,116
186,815
7. Trade and other payables: amounts falling due after more than one year |
2017
2018
Bank loans and overdraft (secured) |
2,886,242
1,917,971
9,350
-
2,895,592
1,917,971
5 of 5