AMEO FASSETT LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D M E Lambrecht

Mrs L D Gioffredo

REGISTERED OFFICE:

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

REGISTERED NUMBER:

12155828 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Investments

4

1

1

CURRENT ASSETS

Stocks

2,305,432

1,540,000

Debtors

5

5,538

595

Cash at bank

4,408

100,760

2,315,378

1,641,355

CREDITORS

Amounts falling due within one year

6

1,198,280

1,004,628

NET CURRENT ASSETS

1,117,098

636,727

TOTAL ASSETS LESS CURRENT LIABILITIES

1,117,099

636,728

CREDITORS

Amounts falling due after more than one year

7

978,445

510,186

NET ASSETS

138,654

126,542

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

138,651

126,539

138,654

126,542

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 28th May 2026 and were signed on its behalf by:

D M E Lambrecht - Director

1.	STATUTORY INFORMATION

Ameo Fassett 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks & work in progress

Stocks represent the purchase of property for development, conversion and resale inclusive of direct costs expended in the period. They are not revalued and are included at the lower of cost or net realiseable value, based on apportioned direct costs.

Development properties are held as trading stock and are stated at the lower of cost and net realisable value. Cost includes land, construction and development expenditure, professional fees and other costs directly attributable to bringing the development property to its present location and condition.

Borrowing costs directly attributable to the acquisition, construction or production of qualifying development properties are capitalised as part of development work in progress. Capitalisation commences when expenditure and borrowing costs are being incurred and activities necessary to prepare the property for sale are in progress, and ceases when substantially all such activities are complete. Capitalised borrowing costs are charged to cost of sales when the related property, phase or unit is sold. Other borrowing costs are recognised in profit or loss as 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2025

and 31st December 2025

1

NET BOOK VALUE

At 31st December 2025

1

At 31st December 2024

1

5.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Other debtors

5,372

595

Amounts falling due after more than one year:

Amounts owed by group undertakings

166

-

Aggregate amounts

5,538

595

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

1,185,803

956,670

Tax

-

42,179

CIS

10,437

3,739

Accrued expenses

2,040

2,040

1,198,280

1,004,628

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other loans - 2-5 years

100,000

-

Amounts owed to group undertakings

878,445

510,186

978,445

510,186

8.	SECURED DEBTS

The loan facilities with Lendco Ltd and Clearwell Development Finance Three Limited were satisfied in the year. The company financed its new property developments during the year using loan facilities from SLC (HE) Limited. Under the terms of the finance, SLC (HE) Limited have a fixed and floating charge over the property being developed. The loan is repayable on demand and details of the charges are disclosed at Companies House.

9.	RELATED PARTY DISCLOSURES

At the year end, the company owed the following amounts to its shareholders, all of which were interest free and repayable on demand:

£331,648 (2024: £181,648) Brooklyn Partners Limited

£365,147 (2024: £133,147) Indigo Ridge Developments Ltd

£181,650 (2024: £181,650) Arbe Solutions Ltd

It also received dividends of £26,565 from its subsidiary, Ameo Sycamore Ltd during the year and was owed £166 (2024: £13,741 creditor) by Ameo Sycamore Ltd at the year end. This sum was interest free and repayable on demand.