Assaab Investments Ltd


Directors	Mr A J Burdett
	Mr S J Burdett


Registered Address	1 Billing Road
	Northampton
	NN1 5AL


Registered Number	08322763 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	4		4,343,000		5,021,644
			4,343,000		5,021,644
Current assets
Debtors	5	31,219		28,781
Cash at bank and on hand		56,343		40,005
		87,562		68,786
Creditors amounts falling due within one year	6	(1,558,963)		(1,702,142)
Net current assets (liabilities)			(1,471,401)		(1,633,356)
Total assets less current liabilities			2,871,599		3,388,288
Creditors amounts falling due after one year	7		(974,937)		(1,424,937)
Provisions for liabilities	9		(178,271)		(256,271)
Net assets			1,718,391		1,707,080
Capital and reserves
Called up share capital			100		100
Share premium			249,990		249,990
Revaluation reserve			587,921		787,314
Profit and loss account			880,380		669,676
Shareholders' funds			1,718,391		1,707,080

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 Directors acknowledge 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 Board of Directors on 30 July 2026, and are signed on its behalf by:

Mr A J Burdett
Director
Registered Company No. 08322763

Assaab Investments Ltd

Notes to the Financial Statements
for the year ended 31 December 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	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.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	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 transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

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 transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Investment property


		£
	Fair value at 01 January 25	5,021,644
	Additions	204,140
	Disposals	(952,000)
	Fair value adjustments	69,216
	At 31 December 25	4,343,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	31,219	28,781
Total	31,219	28,781

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	31,651	4,697
Taxation and social security	75,276	61,984
Other creditors	1,447,291	1,631,641
Accrued liabilities and deferred income	4,745	3,820
Total	1,558,963	1,702,142

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	974,937	1,424,937
Total	974,937	1,424,937

8.	Secured creditors
	The following secured debts are included within creditors: Bank Loans: £974,937 (2024: £1,424,937) The bank loan is secured by fixed charges over 60% of the investment properties.

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	178,271	256,271
Total	178,271	256,271

10.	Description of reasons for any change in chosen formats of the financial statements
	Prior Period Adjustment - Reclassification of Related Party Loan During the year, it was identified that an amount of £225,000, previously recognised as a loan from a related party within creditors, was non-repayable and represented a capital contribution to the Company by the shareholder. As the amount was non-repayable from the date of advance, it does not meet the definition of a liability under FRS 102 and should have been recognised as an equity contribution at that time. Accordingly, the prior year balance sheet has been restated to reclassify £225,000 from creditors (amounts owed to related parties) to a capital contribution reserve within equity. This is treated as a prior period adjustment in accordance with FRS 102 Section 10 Accounting Policies, Estimates and Errors. The effect of the restatement is as follows: As previously stated Adjustment As restated Creditors: amounts owed to related parties £1,856,641 £(225,000) £1,631,641 Capital contribution reserve £24,990 £225,000 £249,990 Net assets £1,482,080 £225,000 £1,707,080 There is no impact on the prior year profit and loss account, as the reclassification relates solely to the balance sheet.

10.

Description of reasons for any change in chosen formats of the financial statements

Prior Period Adjustment - Reclassification of Related Party Loan

During the year, it was identified that an amount of £225,000, previously recognised as a loan from a related party within creditors, was non-repayable and represented a capital contribution to the Company by the shareholder. As the amount was non-repayable from the date of advance, it does not meet the definition of a liability under FRS 102 and should have been recognised as an equity contribution at that time.
Accordingly, the prior year balance sheet has been restated to reclassify £225,000 from creditors (amounts owed to related parties) to a capital contribution reserve within equity. This is treated as a prior period adjustment in accordance with FRS 102 Section 10 Accounting Policies, Estimates and Errors.
The effect of the restatement is as follows:
                                                                      As previously stated	Adjustment	As restated
Creditors: amounts owed to related parties	£1,856,641	        £(225,000)       £1,631,641
Capital contribution reserve	                             £24,990	          £225,000	    £249,990
Net assets	                                                £1,482,080                £225,000       £1,707,080 

There is no impact on the prior year profit and loss account, as the reclassification relates solely to the balance sheet.