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Company Registration No. SC605539 (Scotland)
Asset Leading Investments Ltd Unaudited accounts for the year ended 31 August 2024
Asset Leading Investments Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Asset Leading Investments Ltd Company Information for the year ended 31 August 2024
Director
Arshad Ali
Company Number
SC605539 (Scotland)
Registered Office
76 Craighill Drive Clarkston Glasgow Lanarkshire G76 7TD Scotland
Accountants
Calculo Ltd Eastworks Gateway Court Glasgow G40 4DS
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Asset Leading Investments Ltd Statement of financial position as at 31 August 2024
2024
2023
Notes
£
£
Fixed assets
Investment property
5
1,218,478
609,065
Investments
6
22,137
22,137
1,240,615
631,202
Current assets
Cash at bank and in hand
15,032
58,687
Creditors: amounts falling due within one year
7
(47,273)
(5,524)
Net current (liabilities)/assets
(32,241)
53,163
Total assets less current liabilities
1,208,374
684,365
Creditors: amounts falling due after more than one year
8
(1,462,253)
(831,803)
Provisions for liabilities
Deferred tax
(99,097)
(61,994)
Net liabilities
(352,976)
(209,432)
Capital and reserves
Called up share capital
9
88
88
Profit and loss account
(353,064)
(209,520)
Shareholders' funds
(352,976)
(209,432)
For the year ending 31 August 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 22 May 2025 and were signed on its behalf by
Arshad Ali Director Company Registration No. SC605539
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Asset Leading Investments Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Asset Leading Investments Ltd is a private company, limited by shares, registered in Scotland, registration number SC605539. The registered office is 76 Craighill Drive, Clarkston, Glasgow, Lanarkshire, G76 7TD, Scotland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
33% straight line
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Asset Leading Investments Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
740
719
2,344
3,803
At 31 August 2024
740
719
2,344
3,803
Depreciation
At 1 September 2023
740
719
2,344
3,803
At 31 August 2024
740
719
2,344
3,803
Net book value
At 31 August 2024
-
-
-
-
5
Investment property
2024
£
Fair value at 1 September 2023
609,065
Additions
461,000
Net gain from fair value adjustments
148,413
At 31 August 2024
1,218,478
Investment Property is carried at fair market value in accordance with FRS 102 rules on Fair Value Measurement. Gains / losses are recognised in the Income Statement. Deferred taxation is provided on these gains / losses at the rate expected to apply when the property is sold. The company internally revalues property 6 months after acquisition using market data, with formal independent valuations undertaken every 5 years.
6
Investments
Other investments
£
Valuation at 1 September 2023
22,137
Valuation at 31 August 2024
22,137
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
3,917
5,524
Taxes and social security
330
-
Loans from directors
43,026
-
47,273
5,524
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Asset Leading Investments Ltd Notes to the Accounts for the year ended 31 August 2024
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
579,130
367,670
Other creditors
883,123
464,133
1,462,253
831,803
9
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
88 Ordinary shares of £1 each
88
88
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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