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2016-02-29
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Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The director having considered the company's position for the period ended 29 February 2016, has
given indication of his willingness to support the company in the foreseeable future. He has also
undertaken not to request repayment of his loans for at least twelve months.
On the basis, the director considers it is appropriated to prepare the financial statements on going
concern basis. The financial statements do not include any adjustment that would result if future cash
flows are insufficient or if shareholder support was withdrawn.
The principal accounting policies of the company have remained unchanged during the period.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the period.
Investment properties
In accordance with Statement of Standard Accounting Practice No. 19 "Accounting for Investment properties", the investment
property is included in the balance sheet at its open market value. The Directors revalue the property annually and any surplus or
deficit on revaluation is transferred to the investment revaluation reserve.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An
equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial
liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt
instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the
balance sheet.
Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are
calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do
not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and
distributions relating to equity instruments are debited direct to equity.
1593422
1593422
1593422
1593422
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2016-11-28
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ASHRAY INVESTMENTS LIMITED
2015-03-01
2016-02-29
ASHRAY INVESTMENTS LIMITED
2014-03-01
2015-02-28
ASHRAY INVESTMENTS LIMITED
2014-02-28
ASHRAY INVESTMENTS LIMITED
2015-02-28
ASHRAY INVESTMENTS LIMITED
2015-02-28
ASHRAY INVESTMENTS LIMITED
2016-02-29
2016-11-28