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REGISTERED NUMBER: 06924157 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ASSET DEVELOPMENTS UK LIMITED

ASSET DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 06924157)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASSET DEVELOPMENTS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr H B Taylor





REGISTERED OFFICE: Unit 2.02 High Weald House
Glovers End
Bexhill-On-Sea
East Sussex
TN39 5ES





REGISTERED NUMBER: 06924157 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

ASSET DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 06924157)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 705 -
Investment property 5 1,578,346 468,720
1,579,051 468,720

CURRENT ASSETS
Stocks 6 1,468,492 1,037,200
Debtors 7 28,371 45,892
Cash at bank 472,319 133,873
1,969,182 1,216,965
CREDITORS
Amounts falling due within one year 8 722,795 547,865
NET CURRENT ASSETS 1,246,387 669,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,825,438

1,137,820

CREDITORS
Amounts falling due after more than one year 9 (2,169,546 ) (1,084,811 )

PROVISIONS FOR LIABILITIES (141,570 ) -
NET ASSETS 514,322 53,009

CAPITAL AND RESERVES
Called up share capital 10 1 1
Special reserve 424,710 -
Retained earnings 89,611 53,008
SHAREHOLDERS' FUNDS 514,322 53,009

ASSET DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 06924157)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 June 2025 and were signed by:





Mr H B Taylor - Director


ASSET DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 06924157)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Asset Developments Uk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ASSET DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 06924157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 July 2023 17,847 4,913 22,760
Additions - 916 916
At 30 June 2024 17,847 5,829 23,676
Depreciation
At 1 July 2023 17,847 4,913 22,760
Charge for year - 211 211
At 30 June 2024 17,847 5,124 22,971
Net book value
At 30 June 2024 - 705 705
At 30 June 2023 - - -

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 July 2023 468,720
Additions 543,346
Revaluations 566,280
At 30 June 2024 1,578,346
Net book value
At 30 June 2024 1,578,346
At 30 June 2023 468,720

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 1,578,346

6. STOCKS
30.6.24 30.6.23
£    £   
Stocks 1,468,492 1,037,200

ASSET DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 06924157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 28,371 45,892

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 5,419 30,939
Trade creditors 24,901 3,281
Taxation and social security 12,443 8,648
Other creditors 680,032 504,997
722,795 547,865

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 2,169,546 1,084,811

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,146,466 973,539

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 ORDINARY £ 1 1 1