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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 |
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ASSETZ LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 |
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ASSETZ LIMITED |
ASSETZ LIMITED (REGISTERED NUMBER: 05312193) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2021 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ASSETZ LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31st December 2021 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1 City Road East |
Manchester |
M15 4PN |
ASSETZ LIMITED (REGISTERED NUMBER: 05312193) |
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BALANCE SHEET |
31st December 2021 |
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2021 | 2020 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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ASSETZ LIMITED (REGISTERED NUMBER: 05312193) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2021 |
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1. | STATUTORY INFORMATION |
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Assetz Limited is a private company limited by share capital, incorporated in England and Wales, registration number 05312193. The address of the registered office and principal place of business is Assetz House, Manchester Green, 335 Styal Road, Manchester, M22 5LW. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company was dormant throughout the current year and previous year. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any impairment losses. |
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The company has not amortised its intangible fixed assets as it remains a dormant company. |
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Taxation |
Income tax expense represents the sum of the tax currently payable and deferred tax. |
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The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1st January 2021 |
and 31st December 2021 |
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NET BOOK VALUE |
At 31st December 2021 |
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At 31st December 2020 |
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ASSETZ LIMITED (REGISTERED NUMBER: 05312193) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2021 |
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4. | INTANGIBLE FIXED ASSETS - continued |
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The company has not amortised its intangible fixed assets as it remains a dormant company. |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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Ordinary | £1 | 50,000 | 50,000 |
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6. | CONTINGENT LIABILITIES |
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The company is party to an unlimited intercompany guarantee on all bank borrowings within the Assetz group of companies. |
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7. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is Mr S A Law,by virtue of his majority shareholding in the company. |