Company registration number 07415771 (England and Wales)
ASPENS SWANAGE FREEHOLD LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
ASPENS SWANAGE FREEHOLD LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
ASPENS SWANAGE FREEHOLD LTD
STATEMENT OF FINANCIAL POSITION
AS AT
24 JUNE 2024
24 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,614
20,768
Current assets
Debtors
4
1
1
Cash at bank and in hand
16,397
6,554
16,398
6,555
Creditors: amounts falling due within one year
5
(2,144)
(1,148)
Net current assets
14,254
5,407
Net assets
30,868
26,175
Capital and reserves
Called up share capital
7
7
Other reserves
24,922
24,922
Profit and loss reserves
5,939
1,246
Total equity
30,868
26,175

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 24 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 4 September 2024 and are signed on its behalf by:
J M Porter
Director
Company Registration No. 07415771
ASPENS SWANAGE FREEHOLD LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2024
- 2 -
1
Accounting policies
Company information

Aspens Swanage Freehold Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Minster Property Management Limited, 7 The Square, Wimborne, Dorset, United Kingdom, BH21 1JA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents ground rent received in the year.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Freehold land is not depreciated.
1.4
Taxation

The tax expense represents the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
ASPENS SWANAGE FREEHOLD LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 JUNE 2024
- 3 -
3
Tangible fixed assets
Freehold land and buildings
£
Cost
At 25 June 2023
20,768
Disposals
(4,154)
At 24 June 2024
16,614
Depreciation and impairment
At 25 June 2023 and 24 June 2024
-
0
Carrying amount
At 24 June 2024
16,614
At 24 June 2023
20,768
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1
1
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
939
-
0
Other creditors
1,205
1,148
2,144
1,148
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