Registered number
02106399
ASSIGN LIMITED
Filleted Accounts
31 March 2025
ASSIGN LIMITED
Registered number: 02106399
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 314,774 314,774
Current assets
Debtors 4 60,294 3,302
Cash at bank and in hand 7,808 3,318
68,102 6,620
Creditors: amounts falling due within one year 5 (28,695) (59,160)
Net current assets/(liabilities) 39,407 (52,540)
Total assets less current liabilities 354,181 262,234
Creditors: amounts falling due after more than one year 6 (222,442) (147,770)
Net assets 131,739 114,464
Capital and reserves
Called up share capital 100 100
Profit and loss account 131,639 114,364
Shareholders' funds 131,739 114,464
The director is 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 director acknowledges his 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.
D Nathwani
Director
Approved by the board on 28 August 2025
ASSIGN LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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).
Going concern basis
The accounts have been prepared on a going concern basis assuming provision of financial support by the director and shareholders when necessary.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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:
Equipment and furniture over 5 years
Investment properties:
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Tranitional exemption advantage has ben taken to include fair value or revaluation as deemed cost as fair value cannot be measured reliably.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 314,773 6,903 321,676
At 31 March 2025 314,773 6,903 321,676
Depreciation
At 1 April 2024 - 6,902 6,902
At 31 March 2025 - 6,902 6,902
Net book value
At 31 March 2025 314,773 1 314,774
At 31 March 2024 314,773 1 314,774
4 Debtors 2025 2024
£ £
Trade debtors 500 3,302
Other debtors 59,794 -
60,294 3,302
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 12,500 21,500
Trade creditors 5,804 5,274
Corporation tax 9,446 9,941
Shareholders' loans 185 21,685
Other creditors 760 760
28,695 59,160
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 222,442 147,770
Bank loan includes £Nil (2024: £3,467) repayable within five years.
7 Loans 2025 2024
£ £
Creditors include:
Instalments falling due for payment after more than five years 172,442 65,804
Secured bank loans 234,942 165,804
The freehold investment property (land and buildings) is secured againt the bank loan. The bank loan is repayable by instalments by 2034.
8 Other information
ASSIGN LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
International House
89-95, New Summer Street
Birmingham
West Midlands
B19 3TE
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