Assetload Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03273006

Assetload Limited

Filleted Unaudited Financial Statements

30 November 2025

Assetload Limited

Statement of Financial Position

30 November 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	7,436,361	5,235,417

Current assets

Stocks		–	492,842
Debtors	5	112,762	118,420
Cash at bank and in hand		169,270	152,689
		---------	---------
		282,032	763,951

Creditors: amounts falling due within one year	6	62,950	48,941
		---------	---------
Net current assets		219,082	715,010
		------------	------------
Total assets less current liabilities		7,655,443	5,950,427

Creditors: amounts falling due after more than one year	7	3,922,500	3,922,500

Provisions	939,852	510,510
	------------	------------
Net assets	2,793,091	1,517,417
	------------	------------

Capital and reserves

Called up share capital	100	100
Fair value reserve	2,815,649	1,531,530
Profit and loss account	( 22,658)	( 14,213)
	------------	------------
Shareholders funds	2,793,091	1,517,417
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Assetload Limited

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 21 July 2026 , and are signed on behalf of the board by:

Mr PIH Pressland
Director

Company registration number: 03273006

Assetload Limited

Notes to the Financial Statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1a Fulham Park House, 1a Chesilton Road, London, England, SW6 5AA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% straight line
Equipment	-	33 % reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Tangible assets

	Investment property	Plant and machinery	Equipment	Total
	£	£	£	£
Cost or valuation
At 1 December 2024	5,225,000	55,833	–	5,280,833
Additions	–	–	1,720	1,720
Revaluations	1,712,158	–	–	1,712,158
Transfers	492,842	–	–	492,842
	------------	--------	-------	------------
At 30 November 2025	7,430,000	55,833	1,720	7,487,553
	------------	--------	-------	------------
Depreciation
At 1 December 2024	–	45,416	–	45,416
Charge for the year	–	5,209	567	5,776
	------------	--------	-------	------------
At 30 November 2025	–	50,625	567	51,192
	------------	--------	-------	------------
Carrying amount
At 30 November 2025	7,430,000	5,208	1,153	7,436,361
	------------	--------	-------	------------
At 30 November 2024	5,225,000	10,417	–	5,235,417
	------------	--------	-------	------------

During the year, the majority of the Group’s investment properties were revalued based on a valuation report prepared by BNP Paribas Real Estate. The valuations were prepared using appropriate market-based valuation techniques. One property was valued based on a directors’ valuation, as no external valuation was obtained for this property at the reporting date. The directors consider that this valuation is consistent with market values. During the year, development property was transferred was transferred to Investment property.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment property
	£
At 30 November 2025
Aggregate cost	3,182,959
Aggregate depreciation	–
	------------
Carrying value	3,182,959
	------------

At 30 November 2024
Aggregate cost	3,182,959
Aggregate depreciation	–
	------------
Carrying value	3,182,959
	------------

5. Debtors

	2025	2024
	£	£
Other debtors	112,762	118,420
	---------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	38,958	37,752
Social security and other taxes	10,358	8,914
Other creditors	13,634	2,275
	--------	--------
	62,950	48,941
	--------	--------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	3,920,000	3,920,000
Other creditors	2,500	2,500
	------------	------------
	3,922,500	3,922,500
	------------	------------

Included within creditors: amounts falling due after more than one year is an amount of £3,920,000 (2024: £3,920,000) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

8. Fair value reserve

The following movements on the fair value reserve are included within fair value reserve in the statement of changes in equity:

	2025	2024
	£	£
At start of year	1,531,530	1,531,530
Revaluation of tangible assets	1,284,119	–
	------------	------------
At end of year	2,815,649	1,531,530
	------------	------------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr PIH Pressland	( 200)	162,621	( 150,000)	12,421
	----	---------	---------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr PIH Pressland	114,656	89,547	( 204,403)	( 200)
	---------	--------	---------	----

10. Related party transactions

During the year the company provided interest free loans to related parties totalling £99,501 (2024: £72,471). During the year the company was provided with an interest free loan of £2,500 (2024: £2,500).