REGISTERED NUMBER: 09420420 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

ASAT PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A A Duiker-Parker

Mr S C Slater

Mr T B Slater

REGISTERED OFFICE:

9 Woodstock Drive

Worsley

Manchester

Greater Manchester

M28 2NP

REGISTERED NUMBER:

09420420 (England and Wales)

ACCOUNTANTS:

BTMR Limited

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

FIXED ASSETS

Tangible assets

4

37

43

Investment property

5

410,000

410,000

410,037

410,043

CURRENT ASSETS

Debtors

6

3,498

3,498

Investments

7

53,177

50,536

Cash at bank

79,086

55,263

135,761

109,297

CREDITORS

Amounts falling due within one year

8

9,394

12,108

NET CURRENT ASSETS

126,367

97,189

TOTAL ASSETS LESS CURRENT LIABILITIES

536,404

507,232

CAPITAL AND RESERVES

Called up share capital

6,901

6,901

Capital redemption reserve

3,099

3,099

Retained earnings - non distributable

108,938

108,938

Retained earnings

417,466

388,294

536,404

507,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2025 and were signed on its behalf by:

Mrs A A Duiker-Parker - Director

1.	STATUTORY INFORMATION

ASAT Properties 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 as modified by the revaluation of certain assets.

Turnover

Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Tangible fixed assets are initially recorded at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 March 2024

and 28 February 2025

190

DEPRECIATION

At 1 March 2024

147

Charge for year

6

At 28 February 2025

153

NET BOOK VALUE

At 28 February 2025

37

At 29 February 2024

43

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

410,000

NET BOOK VALUE

At 28 February 2025

410,000

At 29 February 2024

410,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2020

108,938

Cost

301,062

410,000

If the Investment property had not been revalued it would have been included at the following historical cost:

28.2.25

29.2.24

£

£

Cost

301,062

301,062

The Investment property was valued on an open market basis on 1 July 2020 by Roger Hannah Limited .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

3,292

3,292

Other debtors

206

206

3,498

3,498

7.	CURRENT ASSET INVESTMENTS

28.2.25

29.2.24

£

£

Listed investments

53,177

50,536

Market value of listed investments at 28 February 2025 - £ 53,177 (2024 - £ 50,536 ).

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Taxation and social security

6,577

6,088

Other creditors

2,817

6,020

9,394

12,108