REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
ASPECT PROPERTY MANAGEMENT HOLDINGS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
ASPECT PROPERTY MANAGEMENT HOLDINGS LTD |
ASPECT PROPERTY MANAGEMENT HOLDINGS LTD (REGISTERED NUMBER: 09954766) |
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 HOLDINGS LTD |
COMPANY INFORMATION |
for the year ended 31 March 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Preston Park House |
South Road |
Brighton |
East Sussex |
BN1 6SB |
ASPECT PROPERTY MANAGEMENT HOLDINGS LTD (REGISTERED NUMBER: 09954766) |
BALANCE SHEET |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
ASPECT PROPERTY MANAGEMENT HOLDINGS LTD (REGISTERED NUMBER: 09954766) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Aspect Property Management Holdings 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 |
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. |
Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date. |
Income from shares in group undertakings |
Income from shares in group undertakings represents dividends receivable from the subsidiary company and are recognised when dividends are received. |
Fixed asset investments |
- Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
- Listed investments |
Listed investments are included at their fair value which is measured as their market value at the balance sheet date. |
- Unlisted investments |
Unlisted investments are recognised at 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
ASPECT PROPERTY MANAGEMENT HOLDINGS LTD (REGISTERED NUMBER: 09954766) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2023 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group | Listed | Unlisted |
undertakings | investments | investments | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 April 2022 | 282,470 |
Additions | 4,350 |
Revaluations | ( |
) | ( |
) | (17,556 | ) |
At 31 March 2023 | 269,264 |
NET BOOK VALUE |
At 31 March 2023 | 269,264 |
At 31 March 2022 | 282,470 |
Cost or valuation at 31 March 2023 is represented by: |
Shares in |
group | Listed | Unlisted |
undertakings | investments | investments | Totals |
£ | £ | £ | £ |
Valuation in 2019 | - | 4,532 | - | 4,532 |
Valuation in 2020 | - | (11,791 | ) | - | (11,791 | ) |
Valuation in 2021 | - | 27,227 | - | 27,227 |
Valuation in 2022 | - | 4,499 | - | 4,499 |
Valuation in 2023 | - | (13,206 | ) | - | (13,206 | ) |
Cost | 3 | 200,000 | 58,000 | 258,003 |
3 | 211,261 | 58,000 | 269,264 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Taxation and social security |
Other creditors |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.23 | 31.3.22 |
value: | £ | £ |
Ordinary A | £1 | 1 | 1 |
Ordinary | 1p | 2 | 2 |
3 | 3 |
ASPECT PROPERTY MANAGEMENT HOLDINGS LTD (REGISTERED NUMBER: 09954766) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2023 |
7. | 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. |