Silverfin false false 31/01/2024 01/02/2023 31/01/2024 J Brassington 13/01/2022 R Clark 20/02/2024 07/02/2023 J P East 07/02/2023 G M Thornton 04/03/2022 28 October 2024 The principal activity of the company during the period was that of property development. 13846650 2024-01-31 13846650 bus:Director1 2024-01-31 13846650 bus:Director2 2024-01-31 13846650 bus:Director3 2024-01-31 13846650 bus:Director4 2024-01-31 13846650 2023-01-31 13846650 core:CurrentFinancialInstruments 2024-01-31 13846650 core:CurrentFinancialInstruments 2023-01-31 13846650 core:ShareCapital 2024-01-31 13846650 core:ShareCapital 2023-01-31 13846650 core:SharePremium 2024-01-31 13846650 core:SharePremium 2023-01-31 13846650 core:RetainedEarningsAccumulatedLosses 2024-01-31 13846650 core:RetainedEarningsAccumulatedLosses 2023-01-31 13846650 2023-02-01 2024-01-31 13846650 bus:FilletedAccounts 2023-02-01 2024-01-31 13846650 bus:SmallEntities 2023-02-01 2024-01-31 13846650 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13846650 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13846650 bus:Director1 2023-02-01 2024-01-31 13846650 bus:Director2 2023-02-01 2024-01-31 13846650 bus:Director3 2023-02-01 2024-01-31 13846650 bus:Director4 2023-02-01 2024-01-31 13846650 2022-01-13 2023-01-31 iso4217:GBP xbrli:pure

Company No: 13846650 (England and Wales)

ASPIRE ESTATES PROPERTY LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

ASPIRE ESTATES PROPERTY LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

ASPIRE ESTATES PROPERTY LIMITED

BALANCE SHEET

As at 31 January 2024
ASPIRE ESTATES PROPERTY LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 31.01.2024 31.01.2023
£ £
Current assets
Stocks 3 604,898 576,956
Debtors 4 8,042 5,917
Cash at bank and in hand 2,342 3,830
615,282 586,703
Creditors: amounts falling due within one year 5 ( 61,340) ( 29,150)
Net current assets 553,942 557,553
Total assets less current liabilities 553,942 557,553
Net assets 553,942 557,553
Capital and reserves
Called-up share capital 10,100 10,100
Share premium account 550,500 550,500
Profit and loss account ( 6,658 ) ( 3,047 )
Total shareholders' funds 553,942 557,553

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Aspire Estates Property Limited (registered number: 13846650) were approved and authorised for issue by the Board of Directors on 28 October 2024. They were signed on its behalf by:

G M Thornton
Director
ASPIRE ESTATES PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
ASPIRE ESTATES PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Aspire Estates Property Limited (the Company) 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 the Company's registered office is P K F Francis Clarke, Towngate House 2-8, Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of rebates and discounts. The company recognises revenue when the value of services provided to date can be reliably measured.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Year ended
31.01.2024
Period from
13.01.2022 to
31.01.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Stocks

31.01.2024 31.01.2023
£ £
Stocks 604,898 576,956

4. Debtors

31.01.2024 31.01.2023
£ £
Other debtors 8,042 5,917

5. Creditors: amounts falling due within one year

31.01.2024 31.01.2023
£ £
Trade creditors 8,065 0
Other creditors 53,275 29,150
61,340 29,150