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REGISTERED NUMBER: 05312193 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

ASSETZ LIMITED

ASSETZ LIMITED (REGISTERED NUMBER: 05312193)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASSETZ LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTOR: Mr S A Law





SECRETARY: Mr S A Law





REGISTERED OFFICE: Assetz House
335 Styal Road
Manchester Green
Manchester
M22 5LW





REGISTERED NUMBER: 05312193 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

ASSETZ LIMITED (REGISTERED NUMBER: 05312193)

BALANCE SHEET
31st December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 15,000 15,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,000

15,000

CAPITAL AND RESERVES
Called up share capital 5 50,000 50,000
Retained earnings (35,000 ) (35,000 )
SHAREHOLDERS' FUNDS 15,000 15,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th September 2024 and were signed by:





Mr S A Law - Director


ASSETZ LIMITED (REGISTERED NUMBER: 05312193)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023


1. STATUTORY INFORMATION

Assetz Limited is a private company limited by share capital, incorporated in England and Wales, registration number 05312193. The address of the registered office and principal place of business is Assetz House, Manchester Green, 335 Styal Road, Manchester, M22 5LW.

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 company was dormant throughout the current year and previous year.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any impairment losses.

The company has not amortised its intangible fixed assets as it remains a dormant company.

Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2023
and 31st December 2023 15,000
NET BOOK VALUE
At 31st December 2023 15,000
At 31st December 2022 15,000

The company has not amortised its intangible fixed assets as it remains a dormant company.

ASSETZ LIMITED (REGISTERED NUMBER: 05312193)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50,000 Ordinary £1.00 50,000 50,000

6. CONTINGENT LIABILITIES

The company is party to an unlimited intercompany guarantee on all bank borrowings within the Assetz group of companies.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S A Law,by virtue of his majority shareholding in the company.