2023-04-01 01736764 2024-03-31 01736764 2023-04-01 2024-03-31 01736764 2023-03-31 01736764 2022-04-01 2023-03-31 01736764 uk-core:WithinOneYear 2023-03-31 01736764 uk-core:WithinOneYear 2024-03-31 01736764 uk-core:AfterOneYear 2023-03-31 01736764 uk-core:AfterOneYear 2024-03-31 01736764 uk-core:ShareCapital 2024-03-31 01736764 uk-core:ShareCapital 2023-03-31 01736764 uk-core:InvestmentPropertiesRevaluationReserve 2024-03-31 01736764 uk-core:InvestmentPropertiesRevaluationReserve 2023-03-31 01736764 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 01736764 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 01736764 uk-bus:Director1 2023-04-01 2024-03-31 01736764 uk-core:Vehicles 2023-04-01 2024-03-31 01736764 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 01736764 uk-core:FurnitureFittingsToolsEquipment 2023-03-31 01736764 uk-core:Vehicles 2023-03-31 01736764 uk-core:Vehicles 2024-03-31 01736764 uk-core:FurnitureFittingsToolsEquipment 2024-03-31 01736764 uk-core:CostValuation 2023-03-31 01736764 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-03-31 01736764 uk-core:DisposalsRepaymentsInvestments 2024-03-31 01736764 uk-core:DisposalsRepaymentsInvestments uk-core:Non-currentFinancialInstruments 2024-03-31 01736764 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-03-31 01736764 uk-core:CostValuation 2024-03-31 01736764 uk-core:Non-currentFinancialInstruments 2024-03-31 01736764 uk-core:Non-currentFinancialInstruments 2023-03-31 iso4217:GBP xbrli:pure 01736764 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01736764 uk-bus:FRS102 2023-04-01 2024-03-31 01736764 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 01736764 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Aspengold Limited
Registered Number:01736764
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Aspengold Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
01736764
As at 31 March 2024
Aspengold Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
4,370
5,461
2
3
7,646,480
7,646,000
Investment property
Financial assets
935,531
901,718
4
8,552,568
8,586,992
Current assets
Inventories
983,905
210,000
5
Trade and other receivables
523,148
548,307
6
440,505
Cash and cash equivalents
1,007,427
1,765,734
1,947,558
Trade and other payables: amounts falling due within one year
(415,493)
(340,681)
7
1,532,065
1,425,053
Net current assets
Total assets less current liabilities
9,977,621
10,119,057
Trade and other payables: amounts falling due after more than one year
(2,982,453)
(2,937,607)
8
(718,921)
(718,921)
Provisions for liabilities
6,321,093
Net assets
6,417,683
Capital and reserves
Called up share capital
100
100
Fair value reserve
3,064,879
3,064,879
Retained earnings
3,256,114
3,352,704
6,321,093
6,417,683
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 6
4
Registered Number :
01736764
For the year ended 31 March 2024
Aspengold Limited
Statement of Financial Position Continued
Miss Nimah Merali Director
These financial statements were approved and authorised for issue by the Board on 27 November 2024 and were signed by:
The notes form part of these financial statements
2 of 6
5
For the year ended 31 March 2024
Aspengold Limited
Notes to the Financial Statements
Statutory Information
Aspengold Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 01736764.
Registered address:
209-211 Whitham Road
Sheffield
S10 2SP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives are
sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors
undertake an annual impairment review of these properties.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
3 of 6
6
For the year ended 31 March 2024
Aspengold Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or valuation
At 01 April 2023
399,215
344,776
54,439
At 31 March 2024
54,439
344,776
399,215
Provision for depreciation and impairment
At 01 April 2023
393,754
340,864
52,890
Charge for year
1,091
782
309
At 31 March 2024
394,845
341,646
53,199
At 31 March 2024
Net book value
1,240
3,130
4,370
At 31 March 2023
1,549
3,912
5,461
3. Investment property
Total
£
Fair value
At 01 April 2023
7,767,460
Additions
480
At 31 March 2024
7,767,940
Depreciation
At 01 April 2023
121,460
At 31 March 2024
121,460
Net book value
At 31 March 2024
7,646,480
At 31 March 2023
7,646,000
The historical cost of thes assets is £4,135,009 (2023: £4,134,529)
4 of 6
7
For the year ended 31 March 2024
Aspengold Limited
Notes to the Financial Statements Continued
4. Investments held as fixed assets
Other investments
Loans to group and
participating
interests
Total
At 01 April 2023
935,531
3,100
932,431
Cost
£
£
£
Disposals/Repayments
(33,813)
-
(33,813)
At 31 March 2024
898,618
3,100
901,718
At 31 March 2024
Net book value
898,618
3,100
901,718
At 01 April 2023
935,531
932,431
3,100
5. Inventories
2023
2024
£
£
Stocks
210,000
983,905
6. Trade and other receivables
2023
2024
£
£
Trade debtors
82,712
39,900
Other debtors
465,595
483,248
523,148
548,307
7. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
1
-
Taxation and social security
311
90,819
Other creditors
340,369
324,674
340,681
415,493
5 of 6
8
For the year ended 31 March 2024
Aspengold Limited
Notes to the Financial Statements Continued
8. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
2,937,607
2,982,453
9. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
6 of 6