Registered number
14887951
Tait Asset Management Ltd
Unaudited Filleted Accounts
31 May 2025

Tait Asset Management Ltd
Registered number: | 14887951
Balance Sheet
as at 31 May 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Investments | 3 |  |  | 246,526 |  |  | -
Current assets
Debtors | 4 |  | 9,714 |  |  | -
Cash at bank and in hand |  |  | 54 |  |  | 1
|  |  | 177,058 |  |  | 1
Net current assets |  |  |  | 177,058 |  |  | 1
Total assets less current liabilities |  |  |  | 423,584 |  |  | 1
Creditors: amounts falling due after more than one year | 5 |  |  | (423,583) |  |  | -
Net assets |  |  |  | 1 |  |  | 1
Capital and reserves
Called up share capital |  |  |  | 1 |  |  | 1
Shareholder's funds |  |  |  | 1 |  |  | 1
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 480 of the Companies Act 2006 relating to Dormant Companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Tait
Director
Approved by the board on 19 March 2026

Tait Asset Management Ltd
Notes to the Accounts
for the year ended 31 May 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Revenue recognition
| All rental income and expenses are accounted for on an acruals basis.
| Investments
| Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, 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 profit and loss acount.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| 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.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 0 |  | 0
3 | Investments
Investment
property
£
| Cost
| Additions | 246,526
| At 31 May 2025 | 246,526
4 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 9,714 |  | -
5 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Other creditors | 423,583 |  | -
6 | Related party transactions
| Included within other creditors is an amount owing to Mr S Tait of £113,907 for his Director's loan account and a loan owing to Imperium Aviation Services Ltd of £309,676, in which Mr Tait is a 50% shareholder.
7 | Controlling party
| The company is controlled by Mr S Tait, who is the managing director and 100% shareholder.
8 | Other information
| Tait Asset Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| 1 Caffyn Place
| Broadnridge Heath
| Horsham
| RH12 3XH

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