Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3111falsetrue2023-04-01No description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10691602 2023-04-01 2024-03-31 10691602 2022-04-01 2023-03-31 10691602 2024-03-31 10691602 2023-03-31 10691602 c:Director1 2023-04-01 2024-03-31 10691602 d:FreeholdInvestmentProperty 2024-03-31 10691602 d:FreeholdInvestmentProperty 2023-03-31 10691602 d:CurrentFinancialInstruments 2024-03-31 10691602 d:CurrentFinancialInstruments 2023-03-31 10691602 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10691602 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10691602 d:ShareCapital 2024-03-31 10691602 d:ShareCapital 2023-03-31 10691602 d:RetainedEarningsAccumulatedLosses 2024-03-31 10691602 d:RetainedEarningsAccumulatedLosses 2023-03-31 10691602 c:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 10691602 c:FRS102 2023-04-01 2024-03-31 10691602 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10691602 c:FullAccounts 2023-04-01 2024-03-31 10691602 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10691602 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10691602










ASPACE PROPERTY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ASPACE PROPERTY LIMITED
REGISTERED NUMBER: 10691602

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
210,000
210,000

  
210,000
210,000

Current assets
  

Cash at bank and in hand
  
96
36

  
96
36

Creditors: amounts falling due within one year
 5 
(215,722)
(215,572)

Net current liabilities
  
 
 
(215,626)
 
 
(215,536)

Total assets less current liabilities
  
(5,626)
(5,536)

  

Net liabilities
  
(5,626)
(5,536)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(5,627)
(5,537)

  
(5,626)
(5,536)


Page 1

 
ASPACE PROPERTY LIMITED
REGISTERED NUMBER: 10691602
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 director acknowledges his 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 income and retained earnings 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 19 November 2024.




C T G Williams
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
ASPACE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
1.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
ASPACE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.


General information

Aspace Property Limited is a private company, limited by shares and incorporated in England.
Its registered numer is: 10691602
Its Registered Office is:
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
210,000



At 31 March 2024
210,000

The 2024 valuations were made by the director, on an open market value for existing use basis.





5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
215,722
215,572

215,722
215,572


 
Page 4