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REGISTERED NUMBER: 05387618 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ASPECT PROPERTY MANAGEMENT LIMITED

ASPECT PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05387618)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASPECT PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: C J Remers
J Pickering
H A Lawrence-Smith
D Maguire





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 05387618 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

ASPECT PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05387618)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,854 11,934

CURRENT ASSETS
Debtors 5 59,920 59,447
Cash at bank and in hand 389,257 328,617
449,177 388,064
CREDITORS
Amounts falling due within one year 6 (259,025 ) (257,864 )
NET CURRENT ASSETS 190,152 130,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,006

142,134

PROVISIONS FOR LIABILITIES 8 (2,964 ) (2,984 )
NET ASSETS 199,042 139,150

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 199,038 139,146
199,042 139,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:



J Pickering - Director


ASPECT PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05387618)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Aspect Property Management Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business address can be found on the Company Information page.

The presentational currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue for providing surveying and property managing services is recognised in the period in which the services are provided.

Revenue is recognised as contract activity progresses. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold-straight line over 5 years
Plant and machinery-straight line over 5 years
Furniture and fixtures-20% on reducing balance and straight line over 5 years
Computer equipment-33% on cost

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Financial instruments
Financial liabilities financial assets and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ASPECT PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05387618)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid, the company has no further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Furniture
Short Plant and and Computer
leasehold machinery fixtures equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 11,394 1,900 70,971 53,442 137,707
Additions - - 389 6,435 6,824
At 31 March 2023 11,394 1,900 71,360 59,877 144,531
DEPRECIATION
At 1 April 2022 11,394 1,900 62,627 49,852 125,773
Charge for year - - 1,747 5,157 6,904
At 31 March 2023 11,394 1,900 64,374 55,009 132,677
NET BOOK VALUE
At 31 March 2023 - - 6,986 4,868 11,854
At 31 March 2022 - - 8,344 3,590 11,934

ASPECT PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05387618)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 14,886 25,376
Other debtors 45,034 34,071
59,920 59,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 11,624 20,060
Taxation and social security 185,792 169,002
Other creditors 61,609 68,802
259,025 257,864

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 76,800 76,800
Between one and five years 307,200 307,200
In more than five years 112,780 189,580
496,780 573,580

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 2,964 2,984

Deferred
tax
£   
Balance at 1 April 2022 2,984
Accelerated capital allowances (20 )
Balance at 31 March 2023 2,964

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,875 Ordinary A 0.16p 3.00 3.00
250 Ordinary C 0.16p 0.40 0.40
375 Ordinary B 0.16p 0.60 0.60
4.00 4.00

ASPECT PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05387618)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director's loan is interest-free and repayable on demand.

11. RELATED PARTY DISCLOSURES

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.