Company registration number: NI655773
Unaudited financial statements
for the year ended 30 September 2024
for
AASC Investments Ltd
Pages for filing with the Registrar
Company registration number: NI655773
AASC Investments Ltd
Balance sheet
as at 30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 324,613 324,613
324,613 324,613
Current assets
Debtors - 100
- 100
Creditors: amounts falling due within one
year
(360) (360)
Net current liabilities (360) (260)
Total assets less current liabilities 324,253 324,353
Creditors: Amounts falling due after more
than one year
5 (319,621) (324,613)
NET ASSETS/(LIABILITIES) 4,632 (260)
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,532 (360)
TOTAL EQUITY 4,632 (260)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 September 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI655773
AASC Investments Ltd
Balance sheet - continued
as at 30 September 2024
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr A McKeown, Director
6 August 2025
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AASC Investments Ltd
Notes to the financial statements
for the year ended 30 September 2024
1 Company information
AASC Investments Ltd is a private company registered in Northern Ireland. Its registered number is NI655773. The company is limited by shares. Its registered office is 77 Loughinisland Road, Loughinisland, BT30 8JW.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 0% reducing balance
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
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AASC Investments Ltd
Notes to the financial statements - continued
for the year ended 30 September 2024
4 Tangible fixed assets
Land and
buildings
£
Cost
At 1 October 2023 324,613
At 30 September 2024 324,613
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 324,613
At 30 September 2023 324,613
5 Creditors: amounts falling due after more than five years
2024 2023
£ £
Repayable otherwise than by instalments
Other creditors 319,621 324,613
6 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023.
2024 2023
£ £
Aaron McKeown
Balance outstanding at start of year 100 -
Amounts repaid (100) -
Balance outstanding at end of year - -
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