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Company Registration No. 12727702 (England and Wales)
ASSG Properties Ltd Unaudited accounts for the year ended 31 July 2025
ASSG Properties Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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ASSG Properties Ltd Company Information for the year ended 31 July 2025
Directors
Deborah Morris Dominic Morris
Company Number
12727702 (England and Wales)
Registered Office
71-75 SHELTON STREET COVENT GARDEN LONDON WC2H 9JQ ENGLAND
Accountants
Hybrid Premium LTD 2-4 Stoneleigh Park Road Stoneleigh Epsom Surrey KT19 0QT
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ASSG Properties Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
7,550,001
7,575,001
Current assets
Debtors
5
3,779
-
Cash at bank and in hand
55,159
21,643
58,938
21,643
Creditors: amounts falling due within one year
6
(8,254)
(27,697)
Net current assets/(liabilities)
50,684
(6,054)
Total assets less current liabilities
7,600,685
7,568,947
Creditors: amounts falling due after more than one year
7
(7,562,365)
(7,531,621)
Provisions for liabilities
Deferred tax
(74,879)
(81,129)
Net liabilities
(36,559)
(43,803)
Capital and reserves
Called up share capital
8
4
4
Profit and loss account
(36,563)
(43,807)
Shareholders' funds
(36,559)
(43,803)
For the year ending 31 July 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2025 and were signed on its behalf by
Deborah Morris Director Company Registration No. 12727702
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ASSG Properties Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
ASSG Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12727702. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment properties have been revalued by an estate agent and have been included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains/losses at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2025
£
Fair value at 1 August 2024
7,575,001
Net loss from fair value adjustments
(25,000)
At 31 July 2025
7,550,001
Investment Properties are revalued at year-end.
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
3,779
-
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ASSG Properties Ltd Notes to the Accounts for the year ended 31 July 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
318
4,388
Loans from directors
19
18,019
Accruals
583
-
Deferred income
7,334
5,290
8,254
27,697
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
2,678,045
3,077,168
Other creditors
4,884,320
4,454,453
7,562,365
7,531,621
At the year-end, the company owed the following amounts: Precise Mortgage £631,748.55 at an interest-only rate of 3.39% p.a. for a 25-year term. £491,503.52 at an interest-only rate of 3.39% p.a. for a 25-year term. TML Mortgage £486,665.42 at an interest-only rate of 3.65% p.a. for a 25-year term. £401,502.35 at an interest-only rate of 3.24% p.a. for a 25-year term. £666,625.04 at an interest-only rate of 3.31% p.a. for a 25-year term. The above mortgages are secured against individual investment properties. Additionally, the company owed Waypoint Global Limited £4,884,319.82. This is an unsecured interest-only loan for a term of 25 years at an interest rate of 2.25% p.a.
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
35 Ordinary shares of £0.10 each
3.50
3.50
9
Transactions with related parties
At Company year-end the company has anan unsecured interst only loan from Waypoint Global Limited to £4,884,319.82. The loan is for 25 years, at an interest rate of 2.25% pa. Waypoint Global Limited is 100% owed and controlled and by Mr. and Mrs. D Morris.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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