REGISTERED NUMBER: 11553584 (England and Wales)

Financial Statements

for the Year Ended

31 August 2025

for

A S Investments (Leicester) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J A Lewis

REGISTERED OFFICE:

42 Western Road

Leicester

Leicestershire

LE3 0GH

REGISTERED NUMBER:

11553584 (England and Wales)

AUDITORS:

The Rowleys Partnership Ltd

Statutory Auditors

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

FIXED ASSETS

Tangible assets

4

23,226

-

Investment property

5

1,300,000

1,300,000

1,323,226

1,300,000

CURRENT ASSETS

Debtors

6

32,170

6,179

CREDITORS

Amounts falling due within one year

7

2,107,201

2,108,296

NET CURRENT LIABILITIES

(2,075,031

)

(2,102,117

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(751,805

)

(802,117

)

PROVISIONS FOR LIABILITIES

5,806

-

NET LIABILITIES

(757,611

)

(802,117

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(757,612

)

(802,118

)

SHAREHOLDERS' FUNDS

(757,611

)

(802,117

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2026 and were signed by:

J A Lewis - Director

1.	STATUTORY INFORMATION

A S Investments (Leicester) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents rents receivable from investment properties and is recognised as falls due in accordance with the lease to which it relates.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight-line or reducing balance method as indicated below.

Fixtures and fittings - 20% on reducing balance

The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is not depreciated but is revalued annually at its fair value. Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

The fair value of investment property reflects, among other things, rental income from current leases and assumptions about rental income from future leases in light of current market conditions.

Subsequent expenditure is added to the assets carrying amount only when it is probable that the future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. All other repairs and maintenance costs are charged to the profit and loss account during the financial period in which they are incurred.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of the company’s assets and liabilities. These are based on historical experience and other factors that are considered relevant and are reviewed on a regular basis and recognised in the period in which the estimate is revised. Actual results may differ from these estimates.

The following are the critical judgements and, where relevant, the key sources of estimation uncertainty:

The director has based the fair value of properties held for investment purposes on valuations obtained on 2 April 2025, which they deem to be representative, taking into consideration capital improvements, rental yields, market conditions and other external factors that could bring about a change in the fair value.

Going concern

The accounts have been prepared on the going concern basis. The director has confirmed the continued financial support from the group companies, as well as the related undertakings and that no repayments on inter-company loans will be made until the company has adequate funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

27,871

At 31 August 2025

27,871

DEPRECIATION

Charge for year

4,645

At 31 August 2025

4,645

NET BOOK VALUE

At 31 August 2025

23,226

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

1,300,000

NET BOOK VALUE

At 31 August 2025

1,300,000

At 31 August 2024

1,300,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2025

1,300,000

If investment property had not been revalued it would have been included at the following historical cost:

31.8.25

31.8.24

£

£

Cost

2,102,682

2,102,682

Aggregate depreciation

(306,146

)

(264,092

)

Investment property was valued on a fair value basis on 2 April 2025 by Richard Moore Professional Services .

There is a difference between the fair value and the cost of the investment property due to impairment recognised in prior years and a subsequent revaluation. As at 31 August 2023, the investment property was impaired by £1,014,003. In the following year, as at 31 August 2024, the property was revalued upwards by £211,469. The net impact of these movements, £802,534, contributes to the difference between the current year’s fair value and its historical cost.

The director has confirmed the value is representative of that at 31 August 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Amounts owed by group undertakings

1

1

Other debtors

477

477

Prepayments and accrued income

31,692

5,701

32,170

6,179

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Amounts owed to group undertakings

2,088,054

2,088,167

Corporation tax

9,028

-

Accruals and deferred income

10,119

20,129

2,107,201

2,108,296

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

1

Ordinary

£1

1

1

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matt Hutchinson FCA FCCA (Senior Statutory Auditor)

for and on behalf of The Rowleys Partnership Ltd

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Code Holdings Limited, a company incorporated in England and Wales, which shares the registered office as detailed on page 1. The largest and smallest group in which the results of the company are consolidated is that headed by Code Holdings Limited. The financial statements of Code Holdings Limited can be obtained from Companies House.