Asset Holdings Group Ltd
Statement of financial position
as at 29 February 2024
Investment property
410,241
410,241
Cash at bank and in hand
1,618
778
Creditors: amounts falling due within one year
(157,281)
(139,165)
Net current liabilities
(134,112)
(135,251)
Total assets less current liabilities
276,129
274,990
Creditors: amounts falling due after more than one year
(308,970)
(308,970)
Net liabilities
(32,841)
(33,980)
Called up share capital
1
1
Profit and loss account
(32,842)
(33,981)
Shareholders' funds
(32,841)
(33,980)
For the year ending 29 February 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2024 and were signed on its behalf by
Daniel Robert Timony
Director
Company Registration No. 11181940
Asset Holdings Group Ltd
Notes to the Accounts
for the year ended 29 February 2024
Asset Holdings Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11181940. The registered office is 14 Maysville Close, Warrington, WA5 3TS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 March 2023
410,241
At 29 February 2024
410,241
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
122,958
117,759
Loans from directors
34,323
21,406
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
308,970
308,970
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).