REGISTERED NUMBER: 14918712 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Ascend Property Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Rashid

A Rashid

SECRETARY:

REGISTERED OFFICE:

52 St Augustines Avenue

Wembley

HA37NX

REGISTERED NUMBER:

14918712 (England and Wales)

ACCOUNTANTS:

Preston Accountants Limited.

Chartered Certified Accountants

1 Carlton Parade

Preston Road

Wembley

Middlesex

HA9 8NE

FIXED ASSETS

Tangible assets

4

635,312

626,823

CURRENT ASSETS

Cash at bank

356,871

33,732

CREDITORS

Amounts falling due within one year

5

350,578

932

NET CURRENT ASSETS

6,293

32,800

TOTAL ASSETS LESS CURRENT LIABILITIES

641,605

659,623

CREDITORS

Amounts falling due after more than one year

6

675,168

675,252

NET LIABILITIES

(33,563

)

(15,629

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(33,663

)

(15,729

)

SHAREHOLDERS' FUNDS

(33,563

)

(15,629

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 3 December 2025 and were signed on its behalf by:

A Rashid - Director

1.	STATUTORY INFORMATION

Ascend Property Developments Ltd 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.

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

-

2% Straight line 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 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 July 2024

639,615

Additions

21,716

At 30 June 2025

661,331

DEPRECIATION

At 1 July 2024

12,792

Charge for year

13,227

At 30 June 2025

26,019

NET BOOK VALUE

At 30 June 2025

635,312

At 30 June 2024

626,823

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Other creditors

350,578

932

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Other creditors

675,168

675,252

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

675,168

675,252

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

100

Ordinary

1

100

100

8.

RESERVES

Retained

earnings

£

At 1 July 2024

(15,729

)

Deficit for the year

(17,934

)

At 30 June 2025

(33,663

)

9.	GOING CONCERN

The major part of the company's working capital requirement is provided by a loan from various sources which is repayable on demand presumably after five years.

The loan was used to purchase a long leasehold property and letting it. This does not however take into account future fluctuation in the property market. The directors believe that the net realisable value of the property will be in excess of the borrowings.

The sources have also indicated that they will not demand repayment; however no formal agreement is in place.

Support has also been provided by a loan from a director who has indicated that this support will continue

for the foreseeable future.

The directors, having considered the above and made due enquiries, continue to adopt the going concern

basis in preparing the financial statements which assumes that the company will continue in operation for

the foreseeable future.