Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07542711 Mr Mark Edworthy Mr Paul Scantlebury iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07542711 2023-05-31 07542711 2024-05-31 07542711 2023-06-01 2024-05-31 07542711 frs-core:CurrentFinancialInstruments 2024-05-31 07542711 frs-core:Non-currentFinancialInstruments 2024-05-31 07542711 frs-core:ShareCapital 2024-05-31 07542711 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07542711 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07542711 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07542711 frs-bus:SmallEntities 2023-06-01 2024-05-31 07542711 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07542711 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07542711 frs-bus:Director1 2023-06-01 2024-05-31 07542711 frs-bus:Director2 2023-06-01 2024-05-31 07542711 frs-countries:EnglandWales 2023-06-01 2024-05-31 07542711 2022-05-31 07542711 2023-05-31 07542711 2022-06-01 2023-05-31 07542711 frs-core:CurrentFinancialInstruments 2023-05-31 07542711 frs-core:Non-currentFinancialInstruments 2023-05-31 07542711 frs-core:ShareCapital 2023-05-31 07542711 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 07542711
Aspire Student Living Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 07542711
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 1,000,000 1,781,637
Cash at bank and in hand 443 1,609
1,000,443 1,783,246
Creditors: Amounts Falling Due Within One Year 5 (241,718 ) (37,796 )
NET CURRENT ASSETS (LIABILITIES) 758,725 1,745,450
TOTAL ASSETS LESS CURRENT LIABILITIES 758,725 1,745,450
Creditors: Amounts Falling Due After More Than One Year 6 (1,781,637 ) (1,781,637 )
NET LIABILITIES (1,022,912 ) (36,187 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (1,023,012 ) (36,287 )
SHAREHOLDERS' FUNDS (1,022,912) (36,187)
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Scantlebury
Director
25 February 2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Aspire Student Living Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07542711 . The registered office is Winslade House, Winslade Drive, Clyst St Mary, EX5 1FY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
During the year, the company appointed an Administrative Receiver to manage the realisation of the company’s land assets on behalf of the secured lender. The company is no longer a going concern and will be closed following the realisation of its assets.
2.3. Stocks and Work in Progress
Work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, work in progress is assessed for impairment. If work in progress is impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Stocks
2024 2023
£ £
Work in progress 1,000,000 1,781,637
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,471 13,169
Amounts owed to group undertakings 31,944 -
Other creditors 200,850 23,161
Taxation and social security 2,453 1,466
241,718 37,796
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,781,637 1,781,637
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 2