Ascenda Ltd - Filleted accounts


ASCENDA LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025

































Company Registration Number: 06251295

ASCENDA LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 8

ASCENDA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025


DIRECTOR

F O Sancho


SECRETARY

T Sancho


REGISTERED OFFICE

88 Lewin Road
London
SW16 6JU


COMPANY REGISTRATION NUMBER

06251295 England and Wales

ASCENDA LTD

BALANCE SHEET
AS AT 31 MARCH 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Tangible assets	5		11,512		16,100
Investments	6		1,879,962		1,833,019


			1,891,474		1,849,119

CURRENT ASSETS
Debtors	7	20,597		35,733
Cash at bank and in hand		744,197		463,198


		764,794		498,931

CREDITORS: Amounts falling due within one year	8	7,494		21,050
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			757,300		477,881


TOTAL ASSETS LESS CURRENT LIABILITIES			2,648,774		2,327,000

Provisions for liabilities and charges			2,878		4,025


NET ASSETS			2,645,896		2,322,975


CAPITAL AND RESERVES
Called up share capital			150		150
Share premium account			999,950		999,950
Distributable profit and loss account			1,645,796		1,322,875


SHAREHOLDERS' FUNDS			2,645,896		2,322,975

ASCENDA LTD

BALANCE SHEET
AS AT 31 MARCH 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board




F O Sancho
Director

Date approved by the board: 11 September 2025

ASCENDA LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1	GENERAL INFORMATION

	Ascenda Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	88 Lewin Road
	London
	SW16 6JU

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of management consultancy services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Equipment					Straight line basis at 25% per annum
	Vehicles					Reducing balance method at 25% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

	Investments

	Listed investments and investments in commodities are shown at fair value and revalued annually with any surplus or deficit dealt with through the profit and loss account.

	Investments in associates are shown at cost less accumulated impairment losses.

ASCENDA LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

ASCENDA LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Assets held under finance leases are recognised in accordance with the company's policy for tangible fixed assets. The corresponding obligations to lessors under finance leases are treated in the balance sheet as a liability. The assets and liabilities under finance leases are recognised at amounts equal to the fair value of the assets, or if lower, the present value of minimum lease payments, determined at the inception of the lease.

	Minimum lease payments are apportioned between finance charges and the reduction in the outstanding liabilities using the effective interest method. The finance charge is allocated to each period during the lease so as to produce a constant rate of interest on the remaining balance of the liabilities. Finance charges are recognised in the profit and loss account.


	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

ASCENDA LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

4	EMPLOYEES

	The average number of persons employed by the company (including the director) during the year was:

			2025	2024
	Average number of employees		2	2


5	TANGIBLE ASSETS
		Equipment	Vehicles	Total
		£	£	£
	Cost
	At 1 April 2024	51,744	32,893	84,637


	At 31 March 2025	51,744	32,893	84,637


	Accumulated depreciation and impairments
	At 1 April 2024	49,388	19,149	68,537

	Charge for year	1,152	3,436	4,588


	At 31 March 2025	50,540	22,585	73,125


	Net book value
	At 1 April 2024	2,356	13,744	16,100


	At 31 March 2025	1,204	10,308	11,512

ASCENDA LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


6	FIXED ASSET INVESTMENTS
		Investment in commodities		Listed investments	Investment in associates	Total
			£	£	£	£
	Cost
	At 1 April 2024		49,925	1,783,061	33	1,833,019

	Additions		-	1,733,943	-	1,733,943

	Revaluation		18,544	19,527	-	38,071

	Disposals		-	(1,725,071)	-	(1,725,071)


	At 31 March 2025		68,469	1,811,460	33	1,879,962

	The listed investments were revalued at 31 March 2025 to their market value. The historical costs of these listed investments are as follows:

		2025	2024
		£	£
	Historical cost	1,800,847	1,764,125


	The investment in commodities included in the above fixed asset investments have been revalued as follows:
			£
	Original cost		49,925
	Revaluation in 2025		18,544


			68,469



7	DEBTORS
		2025	2024
		£	£
	Prepayments and accrued income	4,940	1,688
	Other debtors	15,657	34,045


		20,597	35,733


8	CREDITORS: Amounts falling due within one year
		2025	2024
		£	£
	Taxation and social security	5,087	5,415
	Hire purchase contracts and finance leases	-	13,626
	Accruals and deferred income	2,407	2,009


		7,494	21,050