REGISTERED NUMBER: 11110898 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

ASD 32 LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R Meggitt

REGISTERED OFFICE:

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

REGISTERED NUMBER:

11110898 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

FIXED ASSETS

Investments

4

436,007

583,988

CURRENT ASSETS

Debtors

5

212,019

200,000

Cash at bank

5,978

511

217,997

200,511

CREDITORS

Amounts falling due within one year

6

173,805

148,497

NET CURRENT ASSETS

44,192

52,014

TOTAL ASSETS LESS CURRENT LIABILITIES

480,199

636,002

CREDITORS

Amounts falling due after more than one year

7

17,807

23,111

NET ASSETS

462,392

612,891

CAPITAL AND RESERVES

Called up share capital

53

103

Capital redemption reserve

50

(50

)

Retained earnings

462,289

612,838

462,392

612,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 2 May 2026 and were signed by:

R Meggitt - Director

1.	STATUTORY INFORMATION

ASD 32 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2025

583,988

Additions

688,817

Disposals

(677,571

)

Revaluations

(159,227

)

At 31 December 2025

436,007

NET BOOK VALUE

At 31 December 2025

436,007

At 31 December 2024

583,988

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2021

(158,359

)

Valuation in 2022

78,379

Valuation in 2023

204,153

Valuation in 2024

264,231

Valuation in 2025

(9,580

)

Cost

57,183

436,007

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

212,019

200,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

5,212

5,120

Amounts owed to group undertakings

162,250

86,100

Other creditors

6,343

57,277

173,805

148,497

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

17,807

23,111

8.	ULTIMATE CONTROLLING PARTY

The controlling party is R Meggitt.