REGISTERED NUMBER: 11908272 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ASLP PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Persico

Mr A Persico

REGISTERED OFFICE:

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

11908272 (England and Wales)

ACCOUNTANTS:

David Simon Limited

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

950

950

Investment property

5

530,000

530,000

530,950

530,950

CURRENT ASSETS

Debtors

6

1,117

440

Cash at bank

2,625

1,666

3,742

2,106

CREDITORS

Amounts falling due within one year

7

301,473

299,901

NET CURRENT LIABILITIES

(297,731

)

(297,795

)

TOTAL ASSETS LESS CURRENT LIABILITIES

233,219

233,155

CREDITORS

Amounts falling due after more than one year

8

(181,417

)

(178,464

)

PROVISIONS FOR LIABILITIES

(13,510

)

(13,510

)

NET ASSETS

38,292

41,181

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

40,530

40,530

Retained earnings

(2,338

)

551

SHAREHOLDERS' FUNDS

38,292

41,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 19 December 2025 and were signed on its behalf by:

Mr A Persico - Director

Mrs S Persico - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

No depreciation has been provided during the year.

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

950

NET BOOK VALUE

At 31 March 2025

950

At 31 March 2024

950

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

530,000

NET BOOK VALUE

At 31 March 2025

530,000

At 31 March 2024

530,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

54,040

Cost

475,960

530,000

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

2025

2024

£

£

Cost

475,960

475,960

Investment property was valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,117

440

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,000

9,500

Taxation and social security

-

1,188

Other creditors

296,473

289,213

301,473

299,901

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

181,417

178,464

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

160,017

139,064

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

186,417

187,964

The bank loan is secured on the investment property by way of a charge with court order to extend and contains a negative pledge.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

40,530