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REGISTERED NUMBER: 02788433 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

ASPINDEN LIMITED

ASPINDEN LIMITED (REGISTERED NUMBER: 02788433)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASPINDEN LIMITED

Company Information
for the year ended 31 December 2023







Directors: P Peros
O Peros





Registered office: Cotswold Lodge Hotel
66A Banbury Road
Oxford
Oxfordshire
OX2 6JP





Registered number: 02788433 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

ASPINDEN LIMITED (REGISTERED NUMBER: 02788433)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 3,153 3,671
Investment property 6 556,800 556,800
559,953 560,471

Current assets
Debtors 7 721,529 741,380
Cash at bank 187,532 117,768
909,061 859,148
Creditors
Amounts falling due within one year 8 49,991 54,293
Net current assets 859,070 804,855
Total assets less current liabilities 1,419,023 1,365,326

Provisions for liabilities 25,285 25,194
Net assets 1,393,738 1,340,132

Capital and reserves
Called up share capital 9 2 2
Fair value reserve 10 292,026 292,026
Retained earnings 1,101,710 1,048,104
Shareholders' funds 1,393,738 1,340,132

ASPINDEN LIMITED (REGISTERED NUMBER: 02788433)

Balance Sheet - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 10 September 2024 and were signed on its behalf by:





O Peros - Director


ASPINDEN LIMITED (REGISTERED NUMBER: 02788433)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Aspinden Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in Sterling, which is the functional currency of the company, rounded to the nearest £1.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced licence fees excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ASPINDEN LIMITED (REGISTERED NUMBER: 02788433)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Going concern
The directors have made an assessment of the ability of the company to continue as a going concern and have identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

4. Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023
and 31 December 2023 64,000
Amortisation
At 1 January 2023
and 31 December 2023 64,000
Net book value
At 31 December 2023 -
At 31 December 2022 -

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 January 2023 58,985 625 59,610
Additions 542 - 542
Disposals (668 ) - (668 )
At 31 December 2023 58,859 625 59,484
Depreciation
At 1 January 2023 55,314 625 55,939
Charge for year 786 - 786
Eliminated on disposal (394 ) - (394 )
At 31 December 2023 55,706 625 56,331
Net book value
At 31 December 2023 3,153 - 3,153
At 31 December 2022 3,671 - 3,671

ASPINDEN LIMITED (REGISTERED NUMBER: 02788433)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. Investment property
Total
£
Fair value
At 1 January 2023
and 31 December 2023 556,800
Net book value
At 31 December 2023 556,800
At 31 December 2022 556,800

Fair value at 31 December 2023 is represented by:
£
Valuation in 2016 321,186
Cost 235,614
556,800

Investment property was revalued by the directors on an open market basis at 31 December 2023.

7. Debtors: amounts falling due within one year
31/12/23 31/12/22
£ £
Trade debtors 804 -
Other debtors 720,725 741,380
721,529 741,380

8. Creditors: amounts falling due within one year
31/12/23 31/12/22
£ £
Bank loans and overdrafts 9,000 12,600
Trade creditors 7,153 7,932
Taxation and social security 17,310 17,233
Other creditors 16,528 16,528
49,991 54,293

Included in other creditors above is a loan of £4,527 (2022 - £4,527) from P Peros, a company director and shareholder.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £ £
2 Ordinary £1 2 2

ASPINDEN LIMITED (REGISTERED NUMBER: 02788433)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


10. Reserves
Fair value
reserve
£
At 1 January 2023
and 31 December 2023 292,026