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COMPANY REGISTRATION NUMBER: 10373703
Asset Time Invest Limited
Filleted Unaudited Financial Statements
31 March 2024
Asset Time Invest Limited
Statement of Financial Position
31 March 2024
2024
2023
£
£
Fixed assets
1,242
----
-------
Current assets
12,188
38,580
Creditors: amounts falling due within one year
20,411
21,219
--------
--------
Net current (liabilities)/assets
( 8,223)
17,361
-------
--------
Total assets less current liabilities
( 8,223)
18,603
Creditors: amounts falling due after more than one year
28,813
34,729
Accruals and deferred income
17,205
17,631
--------
--------
(54,241)
(33,757)
--------
--------
Capital and reserves
( 54,241)
( 33,757)
--------
--------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 5 ).
2. Directors' advances, credits and guarantees
Director loan account is not discoursed as permitted under FRS 105.
3. Going concern
The company is in negotiations for building student accommodation and hotels in Spain and Portugal. As a result there are reasonable prospects for improvements in the company's financial position and on this basis the accounts have been prepared on a going concern basis.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 2 December 2024 , and are signed on behalf of the board by:
Mr R Nathan
Director
Company registration number: 10373703
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 4, St Agnes House Cresswell Park, Blackheath, London, SE3 9RD.