ACCOUNTS - Final Accounts

Creditors: amounts falling due within one year

30 September 2025

Registered number: 06321580

ASCENTIA LETTINGS AND PROPERTY MANAGEMENT LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

ASCENTIA LETTINGS AND PROPERTY MANAGEMENT LIMITED

REGISTERED NUMBER: 06321580

BALANCE SHEET

AS AT 30 SEPTEMBER 2025


	30 September 2025	31 July 2024
Note	£	£


Current assets
Debtors: amounts falling due within one year	5	676		2,221
Cash at bank and in hand	6	163,759		13,273
		164,435		15,494
Current liabilities
Creditors: amounts falling due within one year	7	(44,254)		(13,998)
Net current assets			120,181		1,496
Total assets less current liabilities			120,181		1,496

Net assets			120,181		1,496

Capital and reserves
Called up share capital	2	2
Profit and loss account	120,179	1,494
	120,181	1,496

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ASCENTIA LETTINGS AND PROPERTY MANAGEMENT LIMITED

REGISTERED NUMBER: 06321580

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

G Browne	L Browne
Director	Director
Date: 13 November 2025	Date:13 November 2025

The notes on pages 3 to 6 form part of these financial statements.

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ASCENTIA LETTINGS AND PROPERTY MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

1.	General information

Ascentia Lettings and Property Management Limited is a limited liability Company incorporated in England and Wales. The address of its registered office is C/O James Cowper Kreston, The White Building, 1-4 Cumberland Place, Southampton, SO15 2NP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Directors decided the change the year end to 30 September and these accounts reflect the trading results of a 14-month period from 1 August 2024 to 30 September 2025, and the comparatives cover a 12-month period from 1 August 2023 to 31 July 2024.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have not been prepared on the going concern basis as the Company ceased trading in September 2025, and the Directors intend to liquidate the Company in the short-term.

2.3

Revenue

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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ASCENTIA LETTINGS AND PROPERTY MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures & fittings	-	25%	Straight line
				Computer equipment	-	33%	Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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ASCENTIA LETTINGS AND PROPERTY MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.11

Client account monies

Client deposits held within client accounts are not included in the balance sheet as they are not an asset of the Company.

Employees

The average monthly number of employees, including directors, during the period was 2 (2024 - 3).

4.	Tangible fixed assets

	Fixtures & fittings	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 October 2024	3,301	9,867	13,168
Disposals	(3,301)	(8,021)	(11,322)
At 30 September 30 September 2025	-	1,846	1,846
Depreciation
At 1 October 2024	3,301	9,867	13,168
Disposals	(3,301)	(8,021)	(11,322)
At 30 September 30 September 2025	-	1,846	1,846
Net book value
At 30 September 30 September 2025	-	-	-
At 30 September 31 July 2024	-	-	-

Debtors


					30 September 2025	31 July 2024
					£	£


Other debtors	676	-
Prepayments and accrued income	-	2,221
	676	2,221

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ASCENTIA LETTINGS AND PROPERTY MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

6.	Cash and cash equivalents
		30 September 2025	31 July 2024
		£	£

	Cash at bank and in hand	163,759	13,273

Trade creditors	-	56
Corporation tax	40,217	5,485
Other taxation and social security	-	5,107
Accruals and deferred income	4,037	3,350
	44,254	13,998

8.	Related party transactions
	Dividends paid to directors during the year totalled £8,000 (2024: £26,000).

9.	Controlling party

The Company is controlled by its directors.

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