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REGISTERED NUMBER: 05144004 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ASPECTS (COVENTRY) LIMITED

ASPECTS (COVENTRY) LIMITED (REGISTERED NUMBER: 05144004)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ASPECTS (COVENTRY) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: A Milne





SECRETARY: Mrs S J Milne





REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT





REGISTERED NUMBER: 05144004 (England and Wales)






ASPECTS (COVENTRY) LIMITED (REGISTERED NUMBER: 05144004)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 60,000 72,500

CURRENT ASSETS
Debtors 10,770 7,801
Cash at bank 25,513 5,985
36,283 13,786
CREDITORS
Amounts falling due within one year 27,185 25,618
NET CURRENT ASSETS/(LIABILITIES) 9,098 (11,832 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,098

60,668

PROVISIONS FOR LIABILITIES 1,415 1,415
NET ASSETS 67,683 59,253

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 67,682 59,252
SHAREHOLDERS' FUNDS 67,683 59,253

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 director acknowledges his 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.

ASPECTS (COVENTRY) LIMITED (REGISTERED NUMBER: 05144004)

ABRIDGED BALANCE SHEET - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2024 and were signed by:





A Milne - Director


ASPECTS (COVENTRY) LIMITED (REGISTERED NUMBER: 05144004)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Aspects (Coventry) 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 company's place of business is Units 10/11 Mere Farm Business Complex, Red House Lane, Hannington, Northamptonshire, NN6 9FP.

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

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.

3. EMPLOYEES AND DIRECTORS

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

ASPECTS (COVENTRY) LIMITED (REGISTERED NUMBER: 05144004)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 72,500
Disposals (12,500 )
At 31 December 2023 60,000
NET BOOK VALUE
At 31 December 2023 60,000
At 31 December 2022 72,500

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2014 7,500
Valuation in 2019 10,000
Cost 42,500
60,000

The director has determined the fair value of the investment property based on its yield and relevant market data.