REGISTERED NUMBER: 12322005 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

ASOF Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

A N Sofroniou

REGISTERED OFFICE:

55 Godwin Court

Swindon

Wiltshire

SN1 4BB

REGISTERED NUMBER:

12322005 (England and Wales)

ACCOUNTANTS:

PPS Chartered Accountants

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

FIXED ASSETS

Tangible assets

4

81,821

26,113

Investments

5

24,000

24,000

105,821

50,113

CURRENT ASSETS

Debtors

6

138,791

141,639

Cash at bank

27,246

17,431

166,037

159,070

CREDITORS

Amounts falling due within one year

7

151,803

77,576

NET CURRENT ASSETS

14,234

81,494

TOTAL ASSETS LESS CURRENT LIABILITIES

120,055

131,607

CREDITORS

Amounts falling due after more than one year

8

(54,440

)

-

PROVISIONS FOR LIABILITIES

(15,546

)

(5,223

)

NET ASSETS

50,069

126,384

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

50,068

126,383

SHAREHOLDERS' FUNDS

50,069

126,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 November 2025 and were signed by:

A N Sofroniou - Director

1.	STATUTORY INFORMATION

ASOF Developments 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.	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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, rebates and value added tax.

Revenue from a contract to provide services is recognised by reference to the stage of completion of the contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

31,834

Additions

67,985

At 30 November 2024

99,819

DEPRECIATION

At 1 December 2023

5,721

Charge for year

12,277

At 30 November 2024

17,998

NET BOOK VALUE

At 30 November 2024

81,821

At 30 November 2023

26,113

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2023

and 30 November 2024

24,000

NET BOOK VALUE

At 30 November 2024

24,000

At 30 November 2023

24,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

44,315

19,651

Other debtors

94,476

121,988

138,791

141,639

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Hire purchase contracts

7,974

-

Trade creditors

15,910

9,121

Taxation and social security

25,165

32,323

Other creditors

102,754

36,132

151,803

77,576

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Hire purchase contracts

54,440

-

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A N Sofroniou.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ASOF Developments Limited for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of ASOF Developments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ASOF Developments Limited and state those matters that we have agreed to state to the director of ASOF Developments Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ASOF Developments Limited and its director for our work or for this report.

It is your duty to ensure that ASOF Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of ASOF Developments Limited. You consider that ASOF Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ASOF Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PPS Chartered Accountants

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

5 November 2025