REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2024 |
FOR |
ASG INVESTMENTS LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2024 |
FOR |
ASG INVESTMENTS LIMITED |
ASG INVESTMENTS LIMITED (REGISTERED NUMBER: 07530671) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ASG INVESTMENTS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST OCTOBER 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ASG INVESTMENTS LIMITED (REGISTERED NUMBER: 07530671) |
BALANCE SHEET |
31ST OCTOBER 2024 |
31.10.23 | 31.10.24 |
£ | Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Share premium |
( |
) | Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
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 were approved and authorised for issue by the director and authorised for issue on |
ASG INVESTMENTS LIMITED (REGISTERED NUMBER: 07530671) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2024 |
1. | STATUTORY INFORMATION |
ASG Investments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention. |
The financial statements are prepared in Sterling and contain information about ASG Investment Limited as an individual company. |
Investments |
Investments are carried at cost less any provision for impairment. |
Group relief |
The benefit of group relief is accounted for within the tax charge of the profit making undertaking. No payment is made for group relief between group undertakings. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.24 | 31.10.23 |
£ | £ |
Amounts owed by group undertakings |
5. | SECURED DEBTS |
Lloyds Bank Commercial Finance Limited holds a fixed charge over trade debtors within the subsidiary undertaking, Libra Systems Limited, as security over amounts advanced, by an unlimited composite guarantee from the company and Libra Systems Limited. A floating charge has also been given over all of the assets of the group. |
A cross guarantee exists between group companies where compensating balances are off-set against each other. As at the company's balance sheet date, there are no overdrawn bank balances. |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.22 | 31.10.21 |
value: | £ | £ |
45,000 | Ordinary A | £1 | 45,000 | 45,000 |
45,000 | Ordinary C | £1 | 45,000 | 45,000 |
20,000 | Ordinary D | £1 | 20,000 | 20,000 |
17,598 | Ordinary E | £1 | 17,598 | 17,598 |
127,598 | 127,598 |
ASG INVESTMENTS LIMITED (REGISTERED NUMBER: 07530671) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST OCTOBER 2024 |
7. | CONTINGENT LIABILITIES |
The company has entered into an unlimited composite guarantee with its bankers in respect of its own and its sister undertaking Libra Systems Limited's liabilities. At 31st October 2024 the group's total indebtedness under this guarantee is £1,030,856 (2023: £858,655). |
8. | ULTIMATE CONTROLLING PARTY |
As a result of a group reorganisation on 26 October 2021 the company's parent |
The ultimate controlling party is considered to be Mr S Scowcroft and Mrs F Scowcroft by virtue of their controlling interest in Simonsco Limited. |