REGISTERED NUMBER: 01916949 (England and Wales)

ASCENT DESIGN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J Shufflebotham

Mr A P Simister

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

01916949 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Property, plant and equipment

5

550,000

550,000

CURRENT ASSETS

Debtors

6

176

183

Cash at bank and in hand

9,096

4,056

9,272

4,239

CREDITORS

Amounts falling due within one year

7

66,140

63,879

NET CURRENT LIABILITIES

(56,868

)

(59,640

)

TOTAL ASSETS LESS CURRENT LIABILITIES

493,132

490,360

PROVISIONS FOR LIABILITIES

102,883

102,883

NET ASSETS

390,249

387,477

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

369,295

369,295

Retained earnings

20,854

18,082

SHAREHOLDERS' FUNDS

390,249

387,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2025 and were signed on its behalf by:

Mr A P Simister - Director

1.	STATUTORY INFORMATION

Ascent Design 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Revenue 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.

Long leasehold

-

not provided

Computer equipment

-

33% on cost

Due to appreciation in long leasehold property value, no deprecation has been provided. As this policy departs from Companies Act requirement of depreciating the fixed assets, a prior year adjustment has been made. There has been no change in comparative.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Long

Computer

leasehold

equipment

Totals

£

£

£

COST OR VALUATION

At 1 June 2024

and 31 May 2025

550,000

929

550,929

DEPRECIATION

At 1 June 2024

and 31 May 2025

-

929

929

NET BOOK VALUE

At 31 May 2025

550,000

-

550,000

At 31 May 2024

550,000

-

550,000

Cost or valuation at 31 May 2025 is represented by:

Long

Computer

leasehold

equipment

Totals

£

£

£

Valuation in 2017

472,176

-

472,176

Cost

77,824

929

78,753

550,000

929

550,929

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Prepayments

176

183

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Taxation and social security

3,430

1,439

Other creditors

62,710

62,440

66,140

63,879

8.

RESERVES

Fair

value

reserve

£

At 1 June 2024

and 31 May 2025

369,295

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A P Simister.