Company registration number 10523918 (England and Wales)
ASPIRE 38 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
ASPIRE 38 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ASPIRE 38 LIMITED
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
432,736
453,629
Cash at bank and in hand
6,583
29,109
439,319
482,738
Creditors: amounts falling due within one year
4
(366,970)
(407,032)
Net current assets
72,349
75,706
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
72,249
75,606
Total equity
72,349
75,706

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

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

The financial statements were approved by the board of directors and authorised for issue on 1 November 2023 and are signed on its behalf by:
Mr B Gillies
Director
Company Registration No. 10523918
ASPIRE 38 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Aspire 38 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 228 Bournemouth Road, Chandler's Ford, Eastleigh, Hampshire, United Kingdom, SO53 3AF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0

 

3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
432,736
453,629
ASPIRE 38 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
366,970
407,032
5
Related party transactions

The following amounts were outstanding at the reporting end date:

2023
2022
Amounts due to related parties
£
£
Amounts due from related parties
389,927
319,544
Amounts due to related parties
357,906
393,906
6
Directors' transactions
Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Mr B Gillies - Brian Gillies
-
101,184
(92,500)
8,684
101,184
(92,500)
8,684
7
Parent company

The parent company of Aspire 38 Limited is Alchemist Residential Limited and its registered office is 228 Bournemouth Road, Chandler's Ford, Eastleigh, SO53 3AF.

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