ASSETRO LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00759731

ASSETRO LIMITED

(formerly trading as Hobby Homes Limited)

Filleted Unaudited Accounts

31 December 2025

ASSETRO LIMITED

(formerly trading as Hobby Homes Limited)

Statement of Financial Position

31 December 2025

	31 Dec 25	17 Jan 25
Note	£	£

Fixed assets

Tangible assets	5	5,500,000	4,428,705
Investments	6	600,000	–
		------------	------------
		6,100,000	4,428,705

Current assets

Debtors	7	58,368	1,097,301
Investments	8	200,000	–
Cash at bank and in hand		353,074	476,032
		---------	------------
		611,442	1,573,333

Creditors: amounts falling due within one year	9	69,363	440,631
		---------	------------
Net current assets		542,079	1,132,702
		------------	------------
Total assets less current liabilities		6,642,079	5,561,407

Provisions	267,824	–
	------------	------------
Net assets	6,374,255	5,561,407
	------------	------------

Capital and reserves

Called up share capital	11	10,000	10,000
Revaluation reserve		803,471	–
Profit and loss account		5,560,784	5,551,407
		------------	------------
Shareholders funds		6,374,255	5,561,407
		------------	------------

These accounts 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 statement of comprehensive income has not been delivered.

For the period ending 31 December 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 accounts for the period 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 accounts .

ASSETRO LIMITED

(formerly trading as Hobby Homes Limited)

Statement of Financial Position (continued)

31 December 2025

These accounts were approved by the board of directors and authorised for issue on 18 September 2026 , and are signed on behalf of the board by:

D P Tottman
Director

Company registration number: 00759731

ASSETRO LIMITED

(formerly trading as Hobby Homes Limited)

Notes to the Accounts

Period from 18 January 2025 to 31 December 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 Appledorn, Woodhill Road, Sandon, Chelmsford, Essex, CM2 7SF.

2. Statement of compliance

These accounts 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 accounts 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 accounts are prepared in sterling, which is the functional currency of the entity.

Going concern

In the opinion of the directors, the company remains a going concern as it has the financial resources from which to meet its ongoing trading liabilities for the foreseeable future, being not less that one year from the date of approval of these accounts. As such, the accounts have been prepared on the going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The directors have reviewed the financial statements and consider that there is only one material judgement or key source of estimation uncertainty and that relates to the assessment at period end of the investment property fair value. The director has based the fair value assessment on a prudent midway point between the book cost of the property and a commercial valuation obtained two years ago.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when goods are despatched. Rental income Revenue from commercial lease arrangements are recognised in accordance with the terms of the lease on an accruals basis.

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:

Freehold property	-	50 years straight line on reinstatement value
Plant and machinery	-	15% - 20% of cost per annum
Fixtures and fittings	-	10% per annum on written down value
Motor vehicles	-	25% per annum on written down value

Prior to the transition to Investment property the Freehold property was depreciated evenly over 50 years based on the reinstatement value of £1,530,856.

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.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Financial assets measured at fair value through profit or loss comprise of cash. Financial assets measured at amortised cost comprise of trade debtors. Financial liabilities measured at amortised cost comprise of trade creditors, other creditors and accrual and deferred income.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 3 (2025: 21 ).

5. Tangible assets

	Freehold property	Investment property	Total
	£	£	£
Cost or valuation
At 18 January 2025	4,671,245	–	4,671,245
Revaluations	–	1,071,295	1,071,295
Transfers	( 4,671,245)	4,428,705	(242,540)
	------------	------------	------------
At 31 December 2025	–	5,500,000	5,500,000
	------------	------------	------------
Depreciation
At 18 January 2025	242,540	–	242,540
Transfers	( 242,540)	–	( 242,540)
	------------	------------	------------
At 31 December 2025	–	–	–
	------------	------------	------------
Carrying amount
At 31 December 2025	–	5,500,000	5,500,000
	------------	------------	------------
At 17 January 2025	4,428,705	–	4,428,705
	------------	------------	------------

On 18 January 2025 the freehold property previously used within the trading business and held as PPE was transferred to Investment Property for primary purpose of rental income and long term capital gain. As such, and in accordance with FRS102, the book value of the freehold property is re-classified as an Investment Property where it will be held at fair value. The historic cost of the property is £4,671,245. At the balance sheet date the director completed a review of the property and consider the fair value to be £5.5m and as such the property is held at this fair value in the accounts. Based on the difference between the fair value and the initial book value on transition to investment property there would be a potential gain on disposal at balance sheet date of £1,071,295 which could give rise to a potential tax liability of £267,824 based on the tax rate 25%.

6. Investments

	Other loans
	£
Cost
At 18 January 2025	–
Additions	600,000
	---------
At 31 December 2025	600,000
	---------
Impairment
At 18 January 2025 and 31 December 2025	–
	---------

Carrying amount
At 31 December 2025	600,000
	---------
At 17 January 2025	–
	---------

During the year and as part of its treasury management strategy the company invested in 5 year fixed term, interest bearing property bonds.

7. Debtors

	31 Dec 25	17 Jan 25
	£	£
Trade debtors	–	612,646
Other debtors	58,368	484,655
	--------	------------
	58,368	1,097,301
	--------	------------

8. Investments

	31 Dec 25	17 Jan 25
	£	£
Other investments	200,000	–
	---------	----

During the year and as part of its treasury management strategy the company invested in fixed rate bonds maturing within one year of the balance sheet date.

9. Creditors: amounts falling due within one year

	31 Dec 25	17 Jan 25
	£	£
Trade creditors	–	358,512
Corporation tax	3,109	19,109
Social security and other taxes	2,728	50,581
Other creditors	63,526	12,429
	--------	---------
	69,363	440,631
	--------	---------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	31 Dec 25	17 Jan 25
	£	£
Included in provisions	267,824	–
	---------	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	31 Dec 25	17 Jan 25
	£	£
Fair value adjustment of investment property	267,824	–
	---------	----

11. Called up share capital

Issued, called up and fully paid

	31 Dec 25		17 Jan 25
	No.	£	No.	£
Ordinary shares of £ 1 each	10,000	10,000	10,000	10,000
	--------	--------	--------	--------