ASENSI CHEETHAM LIMITED


Director	CHEETHAM, Ian Mark


Registered Address	Third Floor
	10 South Parade
	Leeds
	LS1 5QS


Registered Number	13405755 (England and Wales)

Statement of Financial Position
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,441		531
Investment property	4		818,314		468,314
			819,755		468,845
Current assets
Debtors		570		184
Cash at bank and on hand		2,000		4,983
		2,570		5,167
Creditors amounts falling due within one year	5	(809,869)		(452,766)
Net current assets (liabilities)			(807,299)		(447,599)
Total assets less current liabilities			12,456		21,246
Net assets			12,456		21,246
Capital and reserves
Called up share capital			100		100
Profit and loss account			12,356		21,146
Shareholders' funds			12,456		21,246

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 6 November 2025, and are signed on its behalf by:

CHEETHAM, Ian Mark
Director
Registered Company No. 13405755

ASENSI CHEETHAM LIMITED

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The company has net current liabilities as a result of the amounts owed to it's director. The director has agreed that they will not call upon the monies due, to enable the company to meet their day today working capital requirements. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

	Turnover policy
	Turnover represents net invoiced rental income, excluding value added tax.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	4

	Investment property
	Investment property is carried at fair value determined regularly by an external valuer and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 June 24	849	849
Additions	1,198	1,198
At 31 May 25	2,047	2,047
Depreciation and impairment
At 01 June 24	318	318
Charge for year	288	288
At 31 May 25	606	606
Net book value
At 31 May 25	1,441	1,441
At 31 May 24	531	531

4.	Investment property


		£
	Fair value at 01 June 24	468,314
	Additions	350,000
	At 31 May 25	818,314

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	202	-
Taxation and social security	-	3,348
Other creditors	805,683	447,409
Accrued liabilities and deferred income	3,984	2,009
Total	809,869	452,766


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.