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Registered Number: 14080929
England and Wales

 

 

 

ASPEN HOMES MANAGEMENT LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 03 May 2022

End date: 31 May 2023
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 336,602 
336,602 
Current assets    
Creditors: amount falling due within one year 4 (95,625)
Net current liabilities (95,625)
 
Total assets less current liabilities 240,977 
Creditors: amount falling due after more than one year 5 (239,530)
Net assets 1,447 
 

Capital and reserves
   
Called up share capital 2 
Profit and loss account 1,445 
Shareholder's funds 1,447 
 


For the period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 02 February 2024 and were signed on its behalf by:


-------------------------------
Shahid Latif Khan
Director
1
General Information
Aspen Homes Management Limited is a private company, limited by shares, registered in England and Wales, registration number 14080929, registration address 269 Kells Lane, Gateshead, Tyne & Wear, NE9 5HU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the going concern and historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings Nil Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 03 May 2022  
Additions 336,602    336,602 
Disposals  
At 31 May 2023 336,602    336,602 
Depreciation
At 03 May 2022  
Charge for period  
On disposals  
At 31 May 2023  
Net book values
Closing balance as at 31 May 2023 336,602    336,602 
Opening balance as at 03 May 2022  


4.

Creditors: amount falling due within one year

2023
£
Corporation Tax 808 
Accrued Expenses 1,096 
Directors' Current Accounts 93,721 
95,625 

5.

Creditors: amount falling due after more than one year

2023
£
Bank Loans & Overdrafts 239,530 
239,530 

6.

Directors advances, credits and guarantees

Included in creditors: amounts due within one year, are amounts owed to the Directors of £93,721.
7.

Disclosure of controlling party

For the whole of the period under review the company was under the control of Shahid and Rachael Khan, directors of the company.
2