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Registration number: 13042542

Assisi Property Limited
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 August 2025

Assisi Property Limited

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 5

Assisi Property Limited

(Registration number: 13042542)
Abridged Balance Sheet as at 31 August 2025

| 2025 £ | 2024 £
Fixed assets |  |
Intangible assets | 5,920 | 5,813
Tangible assets | 2,314 | 2,723
Investment property | 931,018 | 931,018
| 939,252 | 939,554
Current assets |  |
Stocks | 882 | 457
Debtors | 315 | 8,114
Cash at bank and in hand | 10,952 | 4,459
| 12,149 | 13,030
Creditors: Amounts falling due within one year | (964,561) | (961,550)
Net current liabilities | (952,412) | (948,520)
Net liabilities | (13,160) | (8,966)
Capital and reserves |  |
Called up share capital | 100 | 100
Profit and loss account | (13,260) | (9,066)
Total equity | (13,160) | (8,966)

Assisi Property Limited

(Registration number: 13042542)
Abridged Balance Sheet as at 31 August 2025

For the financial year ending 31 August 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 of its accounts for the year in question in accordance with section 476; and
| The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 11 May 2026

Mr D S Bremner

Director

Assisi Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the director on 11 May 2026.

2 | Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities, an amount is owed to the directors, who have agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Assisi Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 15% Reducing balance

Investment property

Investment property is carried at fair value. Gains are recognised as fair value through profit and loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Other intangibles | 5% straight line

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Assisi Property Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

4 | Intangible assets

| Total £
Cost or valuation
At 1 September 2024 | 6,119
Additions internally developed | 435
At 31 August 2025 | 6,554
Amortisation
At 1 September 2024 | 306
Amortisation charge | 328
At 31 August 2025 | 634
Carrying amount
At 31 August 2025 | 5,920
At 31 August 2024 | 5,813

5 | Tangible assets

| Total £
Cost or valuation
At 1 September 2024 | 3,204
At 31 August 2025 | 3,204
Depreciation
At 1 September 2024 | 481
Charge for the year | 409
At 31 August 2025 | 890
Carrying amount
At 31 August 2025 | 2,314
At 31 August 2024 | 2,723

Investment properties

| 2025 £
At 1 September 24 | 931,018
At 31 August 25 | 931,018

The directors consider the valuation to be a fair reflection of the open market value of the properties.

There has been no valuation of investment property by an independent valuer.