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COMPANY REGISTRATION NUMBER: 12722132
Aspire Properties Estate Agent Limited
Filleted Unaudited Financial Statements
28 December 2022
Aspire Properties Estate Agent Limited
Balance Sheet
28 December 2022
28 Dec 22
31 Jul 21
Note
£
£
£
£
Current assets
Debtors
5
1,510
600
Cash at bank and in hand
7,390
8,783
-------
-------
8,900
9,383
Creditors: amounts falling due within one year
6
( 19,956)
( 8,949)
--------
-------
Net current (liabilities)/assets
( 11,056)
434
--------
----
Total assets less current liabilities
( 11,056)
434
--------
----
Net (liabilities)/assets
( 11,056)
434
--------
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 11,156)
334
--------
----
Shareholders (deficit)/funds
( 11,056)
434
--------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 28 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 March 2024 , and are signed on behalf of the board by:
Mr D Buchan
Director
Company registration number: 12722132
Aspire Properties Estate Agent Limited
Notes to the Financial Statements
Period from 1 August 2021 to 28 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Wira Business Park Ring Road, West Park, Leeds, LS16 6EB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered.
Government grants
Government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtor and creditors, loans from banks and other third parties, and loans to related parties.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 3 (2021: 3 ).
5. Debtors
28 Dec 22
31 Jul 21
£
£
Trade debtors
800
Other debtors
710
600
-------
----
1,510
600
-------
----
6. Creditors: amounts falling due within one year
28 Dec 22
31 Jul 21
£
£
Social security and other taxes
2,090
1,809
Other creditors
17,866
7,140
--------
-------
19,956
8,949
--------
-------