ASSET ESTATE SERVICES (UK) LIMITED


Director	VINCENT, Desmond Dennis


Registered Address	2nd Floor Grove House
	55 Lowlands Road
	Harrow
	HA1 3AW


Registered Number	10352202 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		5,704		4,543
			5,704		4,543
Current assets
Debtors	4	111,621		84,260
Cash at bank and on hand		30,984		41,901
		142,605		126,161
Creditors amounts falling due within one year	5	(28,887)		(20,422)
Net current assets (liabilities)			113,718		105,739
Total assets less current liabilities			119,422		110,282
Provisions for liabilities	6		(1,426)		(1,136)
Net assets			117,996		109,146
Capital and reserves
Called up share capital			100		100
Profit and loss account			117,896		109,046
Shareholders' funds			117,996		109,146

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 28 May 2026, and are signed on its behalf by:

VINCENT, Desmond Dennis
Director
Registered Company No. 10352202

ASSET ESTATE SERVICES (UK) LIMITED

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	25
	Office Equipment	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 September 24	7,569	3,919	11,488
Additions	-	2,934	2,934
At 31 August 25	7,569	6,853	14,422
Depreciation and impairment
At 01 September 24	4,730	2,215	6,945
Charge for year	710	1,063	1,773
At 31 August 25	5,440	3,278	8,718
Net book value
At 31 August 25	2,129	3,575	5,704
At 31 August 24	2,839	1,704	4,543

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	111,621	84,260
Total	111,621	84,260

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	16,271	3,092
Other creditors	10,940	15,577
Accrued liabilities and deferred income	1,676	1,753
Total	28,887	20,422

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	1,426	1,136
Total	1,426	1,136

7.	Directors advances, credits and guarantees
	Included in other creditors is an amount of £8,338 (2024: £14,559 Cr) relates to the directors' loan account Mr D Vincent.

8.	Related party transactions
	Included in other debtors is an amount of £27,260 (2024: £4,260) which relates to NV Restoration Ltd and an amount of £80,000 (2024: £80,000) which relates to Tivolli DDV Ltd, both companies owned by the director Mr D Vincent.