Registered number
14857965
ASENTO LIMITED
Filleted Accounts
31 May 2024
ASENTO LIMITED
Registered number: 14857965
Balance Sheet
as at 31 May 2024
Notes 2024
£
Fixed assets
Tangible assets 3 1,024,666
Current assets
Debtors 4 1,095
Cash at bank and in hand 853
1,948
Creditors: amounts falling due within one year 5 (1,028,874)
Net current liabilities (1,026,926)
Net liabilities (2,260)
Capital and reserves
Profit and loss account (2,260)
Shareholders' funds (2,260)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mertdogan Ziya
Director
Approved by the board on 3 February 2025
ASENTO LIMITED
Notes to the Accounts
for the period from 9 May 2023 to 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 827,102
Land & buildings - Cost - Development costs 197,564
At 31 May 2024 1,024,666
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 1,024,666
4 Debtors 2024
£
Other debtors 1,095
5 Creditors: amounts falling due within one year 2024
£
Trade creditors 997
Other creditors 1,027,877
1,028,874
6 Other information
ASENTO LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
11 Coldbath Square
London
EC1R 5HL
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