Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-303The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true32022-12-01falseNo description of principal activityfalsefalse 06911744 2022-12-01 2023-11-30 06911744 2023-11-30 06911744 2021-12-01 2022-11-30 06911744 2022-11-30 06911744 c:Director1 2022-12-01 2023-11-30 06911744 c:Director2 2022-12-01 2023-11-30 06911744 c:RegisteredOffice 2022-12-01 2023-11-30 06911744 d:CurrentFinancialInstruments 2023-11-30 06911744 d:CurrentFinancialInstruments 2022-11-30 06911744 d:Non-currentFinancialInstruments 2023-11-30 06911744 d:Non-currentFinancialInstruments 2022-11-30 06911744 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 06911744 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 06911744 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 06911744 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 06911744 d:ShareCapital 2023-11-30 06911744 d:ShareCapital 2022-11-30 06911744 d:CapitalRedemptionReserve 2023-11-30 06911744 d:CapitalRedemptionReserve 2022-11-30 06911744 d:RetainedEarningsAccumulatedLosses 2023-11-30 06911744 d:RetainedEarningsAccumulatedLosses 2022-11-30 06911744 c:FRS102 2022-12-01 2023-11-30 06911744 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 06911744 c:FullAccounts 2022-12-01 2023-11-30 06911744 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06911744 6 2022-12-01 2023-11-30 06911744 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Company registration number: 06911744







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2023


ASPEN HOMES LIMITED






































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ASPEN HOMES LIMITED
 


 
COMPANY INFORMATION


Directors
T Jelley 
J Jelley 




Registered number
06911744



Registered office
43 Meads Road

Guildford

Surrey

GU1 2NA




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


ASPEN HOMES LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5


 


ASPEN HOMES LIMITED
REGISTERED NUMBER:06911744



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
72,700
72,700

  
72,700
72,700

Current assets
  

Stocks
  
3,732,497
2,856,489

Debtors Within One Year
 5 
873,029
22,971

Cash at bank and in hand
  
71,212
160,206

  
4,676,738
3,039,666

Creditors: amounts falling due within one year
 6 
(4,621,061)
(3,028,042)

Net current assets
  
 
 
55,677
 
 
11,624

Total assets less current liabilities
  
128,377
84,324

Creditors: amounts falling due after more than one year
 7 
(20,333)
(25,000)

  

Net assets
  
108,044
59,324


Capital and reserves
  

Called up share capital 
  
100
100

Capital redemption reserve
  
5
5

Profit and loss account
  
107,939
59,219

  
108,044
59,324


Page 1

 


ASPEN HOMES LIMITED
REGISTERED NUMBER:06911744


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J Jelley
Director

Date: 7 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


ASPEN HOMES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Aspen Homes Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office is disclosed on the company information page. There is considered to be no principal place of buisness address.
The Company's functional and presentational currency is GBP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and
the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or
receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue in connection to
property sales is recognised at the date of exchange of contracts.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

Defined contribution pension plan

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 


ASPEN HOMES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Stocks

Stock are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseable losses where approriate. No element of profit is included in the valuation of work in progress.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans
to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 December 2022
72,700



At 30 November 2023
72,700




Page 4

 


ASPEN HOMES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
43,029
22,971

Prepayments and accrued income
830,000
-

873,029
22,971



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
115,101
72,761

Corporation tax
32,419
-

Other taxation and social security
9,143
1,202

Other creditors
4,449,423
2,934,705

Accruals and deferred income
4,975
9,374

4,621,061
3,028,042


Included in other creditors is an amount of £4,069,161 (2022 - £2,663,883) secured by a way of a legal charge over the freehold land and building included in the company's stock balance.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,333
25,000

20,333
25,000



8.


Related party transactions

An amount of £40,000 was due to the director at the year end. No interest has been charged on this balance.

 
Page 5