Company Registration No. 10103992 (England and Wales)
Asset Intelligence Ltd
Unaudited accounts
for the period from 1 April 2023 to 30 March 2024
Asset Intelligence Ltd
Unaudited accounts
Contents
Asset Intelligence Ltd
Statement of financial position
as at 30 March 2024
Investment property
2,035,000
2,185,000
Cash at bank and in hand
109
3,369
Creditors: amounts falling due within one year
(5,795)
(5,794)
Net current assets
79,339
40,075
Total assets less current liabilities
2,114,339
2,225,075
Creditors: amounts falling due after more than one year
(2,165,072)
(2,101,263)
Provisions for liabilities
Net (liabilities)/assets
(50,733)
99,360
Called up share capital
1
1
Profit and loss account
(50,734)
99,359
Shareholders' funds
(50,733)
99,360
For the period ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2025 and were signed on its behalf by
Jonathan Burton
Director
Company Registration No. 10103992
Asset Intelligence Ltd
Notes to the Accounts
for the period from 1 April 2023 to 30 March 2024
Asset Intelligence Ltd is a private company, limited by shares, registered in England and Wales, registration number 10103992. The registered office is 274 Longley Road, Chichester, West Sussex, PO19 6EB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market 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.
Turnover represents rental income received.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Fair value at 1 April 2023
2,185,000
Net loss from fair value adjustments
(170,610)
At 30 March 2024
2,035,000
Asset Intelligence Ltd
Notes to the Accounts
for the period from 1 April 2023 to 30 March 2024
Amounts falling due within one year
Accrued income and prepayments
85,025
42,500
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,395
3,394
Other creditors
2,400
2,400
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,456,466
1,437,524
Other creditors
708,606
663,739
8
Average number of employees
During the period the average number of employees was 1 (2023: 1).