Asset Lettings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 06719632

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		27		78

			27		78
CURRENT ASSETS
Debtors	5	103,301		84,537
Cash at bank and in hand		24,758		28,775

		128,059		113,312
Creditors: Amounts Falling Due Within One Year	6	(138,651 )		(131,387 )

NET CURRENT ASSETS (LIABILITIES)			(10,592 )		(18,075 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(10,565 )		(17,997 )

NET LIABILITIES			(10,565 )		(17,997 )

CAPITAL AND RESERVES
Called up share capital	7		44,000		44,000
Profit and Loss Account			(54,565 )		(61,997 )

SHAREHOLDERS' FUNDS			(10,565)		(17,997)

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Asset Lettings Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

D Mead

Director

14/04/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Asset Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06719632 . The registered office is 3 High Street, Aldershot, Hampshire, GU11 1BH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

At the balance sheet date, the company had net current liabilities of £10,565 (2024 : £17,997). The ability of the company to continue trading is dependent on the continued support of the director and the company’s creditors. The director is of the opinion that the company will continue to receive this support and on this basis considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of support by the director and the creditors of the company.

2.3. Turnover

Turnover comprises revenue recognised by the company in respect of fees and disbursements invoiced from lettings for the year. The revenue is recognised in the month in which the service is provided.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	0% Straight line
Fixtures & Fittings	25% Straight line

2.5. Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

2.6. Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Asset Lettings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 November 2024	22,091	2,757	24,848

As at 31 October 2025	22,091	2,757	24,848

Depreciation
As at 1 November 2024	22,091	2,679	24,770
Provided during the period	-	51	51

As at 31 October 2025	22,091	2,730	24,821

Net Book Value
As at 31 October 2025	-	27	27

As at 1 November 2024	-	78	78

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	45,483	41,168
Prepayments and accrued income	9,938	2,024
Other debtors	4,191	3,677
Tenant deposits	43,689	37,668

	103,301	84,537

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,778	3,403
Deposits held	45,177	39,451
Other-taxes and social security	111	53
Other creditors	6,887	2,326
Accruals	2,183	1,932
Directors' loan accounts	79,515	84,222

	138,651	131,387

7. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
44,000 Ordinary Shares of £ 1.00 each	44,000	44,000

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