1 1 ASP Futures Limited 13683129 false 2023-10-31 2024-10-30 2024-10-30 The principal activity of the company is Investments Digita Accounts Production Advanced 6.30.9574.0 true 13683129 2023-10-31 2024-10-30 13683129 2024-10-30 13683129 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-10-30 13683129 core:RetainedEarningsAccumulatedLosses 2024-10-30 13683129 core:ShareCapital 2024-10-30 13683129 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-10-30 13683129 core:CurrentFinancialInstruments 2024-10-30 13683129 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-30 13683129 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-10-30 13683129 bus:SmallEntities 2023-10-31 2024-10-30 13683129 bus:AuditExemptWithAccountantsReport 2023-10-31 2024-10-30 13683129 bus:FilletedAccounts 2023-10-31 2024-10-30 13683129 bus:SmallCompaniesRegimeForAccounts 2023-10-31 2024-10-30 13683129 bus:RegisteredOffice 2023-10-31 2024-10-30 13683129 bus:Director1 2023-10-31 2024-10-30 13683129 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-10-31 2024-10-30 13683129 bus:PrivateLimitedCompanyLtd 2023-10-31 2024-10-30 13683129 countries:AllCountries 2023-10-31 2024-10-30 13683129 2022-10-31 2023-10-30 13683129 2023-10-30 13683129 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-10-30 13683129 core:RetainedEarningsAccumulatedLosses 2023-10-30 13683129 core:ShareCapital 2023-10-30 13683129 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-10-30 13683129 core:CurrentFinancialInstruments 2023-10-30 13683129 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-30 13683129 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 13683129

ASP Futures Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 October 2024

 

ASP Futures Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

ASP Futures Limited

(Registration number: 13683129)
Balance Sheet as at 30 October 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Other financial assets

4

 

1,723,283

 

1,446,772

Current assets

   

 

Debtors

5

49

 

49

 

Cash at bank and in hand

 

32,622

 

78,215

 

 

32,671

 

78,264

 

Creditors: Amounts falling due within one year

6

(1,551,920)

 

(1,551,800)

 

Net current liabilities

   

(1,519,249)

 

(1,473,536)

Total assets less current liabilities

   

204,034

 

(26,764)

Provisions for liabilities

 

35,000

 

11,850

Net assets/(liabilities)

   

239,034

 

(14,914)

Capital and reserves

   

 

Called up share capital

8

100

 

100

 

Retained earnings

238,934

 

(15,014)

 

Shareholders' funds/(deficit)

   

239,034

 

(14,914)

For the financial year ending 30 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 February 2025
 

.........................................
A Paton
Director

 

ASP Futures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Park Cottage
Wrenshot Lane
High Leigh
Knutsford
WA16 6PG

These financial statements were authorised for issue by the director on 21 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Revenue recognition

Turnover comprises the fair value of the amounts received or receivable from the investments held by the company. Turnover is shown net of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

ASP Futures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

ASP Futures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 31 October 2023

1,446,772

1,446,772

Fair value adjustments

231,543

231,543

Additions

432,691

432,691

Disposals

(387,723)

(387,723)

At 30 October 2024

1,723,283

1,723,283

Carrying amount

At 30 October 2024

1,723,283

1,723,283

At 30 October 2023

1,446,772

1,446,772

5

Debtors

Current

2024
£

2023
£

Other debtors

49

49

 

49

49

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

1,550,000

1,550,000

Accruals and deferred income

 

1,920

1,800

 

1,551,920

1,551,800

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

1,550,000

1,550,000

 

ASP Futures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Related party transactions

Expenditure with and payables to related parties

2024

Key management
£

Amounts payable to related party

1,550,000

2023

Key management
£

Amounts payable to related party

1,550,000