Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsefalseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-0122falsetrue 12955225 2023-04-01 2024-03-31 12955225 2022-04-01 2023-03-31 12955225 2024-03-31 12955225 2023-03-31 12955225 c:Director1 2023-04-01 2024-03-31 12955225 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 12955225 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 12955225 d:Goodwill 2023-04-01 2024-03-31 12955225 d:Goodwill 2024-03-31 12955225 d:Goodwill 2023-03-31 12955225 d:CurrentFinancialInstruments 2024-03-31 12955225 d:CurrentFinancialInstruments 2023-03-31 12955225 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12955225 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12955225 d:ShareCapital 2024-03-31 12955225 d:ShareCapital 2023-03-31 12955225 d:RetainedEarningsAccumulatedLosses 2024-03-31 12955225 d:RetainedEarningsAccumulatedLosses 2023-03-31 12955225 d:RetirementBenefitObligationsDeferredTax 2024-03-31 12955225 d:RetirementBenefitObligationsDeferredTax 2023-03-31 12955225 d:OtherDeferredTax 2024-03-31 12955225 d:OtherDeferredTax 2023-03-31 12955225 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12955225 c:OrdinaryShareClass1 2024-03-31 12955225 c:OrdinaryShareClass1 2023-03-31 12955225 c:FRS102 2023-04-01 2024-03-31 12955225 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12955225 c:FullAccounts 2023-04-01 2024-03-31 12955225 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12955225 d:Subsidiary1 2023-04-01 2024-03-31 12955225 d:Subsidiary1 1 2023-04-01 2024-03-31 12955225 d:Subsidiary2 2023-04-01 2024-03-31 12955225 d:Subsidiary2 1 2023-04-01 2024-03-31 12955225 d:Subsidiary3 2023-04-01 2024-03-31 12955225 d:Subsidiary3 1 2023-04-01 2024-03-31 12955225 d:Subsidiary4 2023-04-01 2024-03-31 12955225 d:Subsidiary4 1 2023-04-01 2024-03-31 12955225 d:Subsidiary5 2023-04-01 2024-03-31 12955225 d:Subsidiary5 1 2023-04-01 2024-03-31 12955225 6 2023-04-01 2024-03-31 12955225 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 12955225 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-04-01 2024-03-31 12955225 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 12955225













ASPIRE ESTATE AGENTS LIMITED
UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024


 
ASPIRE ESTATE AGENTS LIMITED
REGISTERED NUMBER:12955225


BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
277,083
452,083

Investments
 5 
2,353,266
2,392,945

  
2,630,349
2,845,028

Current assets
  

Debtors: amounts falling due within one year
 6 
43,277
32,123

Current asset investments
 7 
-
82,805

Cash at bank and in hand
  
3,582
1,214

  
46,859
116,142

Creditors: amounts falling due within one year
 8 
(2,720,031)
(2,907,988)

Net current liabilities
  
 
 
(2,673,172)
 
 
(2,791,846)

Total assets less current liabilities
  
(42,823)
53,182

  

Net (liabilities)/assets
  
(42,823)
53,182


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Profit and loss account
  
(43,823)
52,182

  
(42,823)
53,182


Page 1


 
ASPIRE ESTATE AGENTS LIMITED
REGISTERED NUMBER:12955225

    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 comprehensive income 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 on 10 October 2024.






M G J Dabell
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2


 
ASPIRE ESTATE AGENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Aspire Estate Agents Limited is incorporated and domiciled in England and Wales. The registered office is Harwood House, 43 Harwood Road, London, SW6 4QP. The principle place of business is 226 Munster Road, Fulham, London, SW6 6AZ.

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3


 
ASPIRE ESTATE AGENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4


 
ASPIRE ESTATE AGENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5


 
ASPIRE ESTATE AGENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Brands, Trade Marks, Domain names
Goodwill
Total

£
£
£



Cost


At 1 April 2023
500,000
375,000
875,000



At 31 March 2024

500,000
375,000
875,000



Amortisation


At 1 April 2023
241,667
181,250
422,917


Charge for the year on owned assets
100,000
75,000
175,000



At 31 March 2024

341,667
256,250
597,917



Net book value



At 31 March 2024
158,333
118,750
277,083



At 31 March 2023
258,333
193,750
452,083


During the period ended 31 March 2021 the company acquired certain business assets which included the licensing of the name ''Aspire', the associated domain name, the business name, the trade marks and all related intellectual property rights. The Directors consider the estimated useful life of the assets and goodwill aquired to be five years.


Page 6


 
ASPIRE ESTATE AGENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
2,392,945


Additions
(39,679)



At 31 March 2024
2,353,266





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Principal activity

Class of shares

Holding

Aspire Fulham Limited
England and Wales
Estate Agency
Ordinary
100%
Aspire Battersea Park Limited
England and Wales
Estate Agency
Ordinary
100%
Hugh Henry Limited
England and Wales
Estate Agency
Ordinary
100%
Aspire Balham Limited
England and Wales
Estate Agency
Ordinary
100%
Aspire Clapham Limited
England and Wales
Estate Agency
Ordinary
100%

Page 7


 
ASPIRE ESTATE AGENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Subsidiary undertakings (continued)

The aggregate of the share capital and reserves as at 31 March 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Aspire Fulham Limited
1,247,058
394,863

Aspire Battersea Park Limited
141,341
597

Hugh Henry Limited
(402,092)
805,937

Aspire Balham Limited
610,519
65,591

Aspire Clapham Limited

1
541,577

Page 8


 
ASPIRE ESTATE AGENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
18,453

Deferred taxation
43,277
13,670

43,277
32,123



7.


Current asset investments

2024
2023
£
£

Listed investments
-
82,805

-
82,805


Page 9


 
ASPIRE ESTATE AGENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
802,825
1,508,435

Amounts owed to group undertakings
1,917,206
899,553

Other creditors
-
500,000

2,720,031
2,907,988


The Directors are owed £802,825 by the company, these sums are interest free, unsecured and with no fixed date for repayment.

The following liabilities were secured:

2024
2023
£
£



Loan notes
-
508,435

-
508,435

Details of security provided:

Under the terms of a Debenture dated 2 November 2020 the company, together with certain of it's subsidiary companies, provided security by way of a first fixed and floating charge over all of the company assets to the holders on the Loan notes issued on that date. These Debentures were in place at 31 March 2024 but were satisfied on 20 June 2024 as the relevant Loan notes have been settled in full.


9.


Deferred taxation




2024


£






At beginning of year
13,670


Charged to profit or loss
29,607



At end of year
43,277

Page 10


 
ASPIRE ESTATE AGENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
9.Deferred taxation (continued)

The deferred tax asset is made up as follows:

2024
2023
£
£


Cumulative fair value increase of current asset investments
-
(16,950)

Timing differences on Goodwill amortisation
43,277
30,620

43,277
13,670


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100,000 (2023 - 100,000) Ordinary shares of £0.01 each
1,000
1,000


 
Page 11