1 June 2023 false Taxfiler 2024.6 09169784business:PrivateLimitedCompanyLtd2023-06-012024-05-31 091697842023-05-31 091697842023-06-012024-05-31 09169784business:AuditExemptWithAccountantsReport2023-06-012024-05-31 09169784business:FilletedAccounts2023-06-012024-05-31 091697842024-05-31 09169784business:Director12023-06-012024-05-31 09169784business:Director22023-06-012024-05-31 09169784business:RegisteredOffice2023-06-012024-05-31 091697842023-05-31 09169784core:WithinOneYear2024-05-31 09169784core:WithinOneYear2023-05-31 09169784core:AfterOneYear2024-05-31 09169784core:AfterOneYear2023-05-31 09169784core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 09169784core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 09169784core:RevaluationReservecore:PreviouslyStatedAmount2024-05-31 09169784core:RevaluationReservecore:PreviouslyStatedAmount2023-05-31 09169784core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 09169784core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 09169784core:PreviouslyStatedAmount2024-05-31 09169784core:PreviouslyStatedAmount2023-05-31 09169784business:SmallEntities2023-06-012024-05-31 09169784countries:EnglandWales2023-06-012024-05-31 09169784core:FurnitureFittings2023-06-012024-05-31 09169784core:FurnitureFittings2023-05-31 09169784core:FurnitureFittings2024-05-31 09169784core:DisposalsRepaymentsInvestments2024-05-31 09169784core:AfterOneYear2023-06-012024-05-31 091697842022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 09169784 (England and Wales)
Aspinall Holdings Ltd Unaudited accounts for the year ended 31 May 2024
Aspinall Holdings Ltd Unaudited accounts Contents
Page
- 2 -
Aspinall Holdings Ltd Company Information for the year ended 31 May 2024
Directors
H Aspinall Michael Aspinall
Company Number
09169784 (England and Wales)
Registered Office
Tower Court Armley Road Leeds LS12 2LY
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
- 3 -
Aspinall Holdings Ltd Accountants' report
Accountants' report to the board of directors of Aspinall Holdings Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aspinall Holdings Ltd for the year ended 31 May 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Aspinall Holdings Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Aspinall Holdings Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aspinall Holdings Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Aspinall Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Aspinall Holdings Ltd. You consider that Aspinall Holdings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Aspinall Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 20 February 2025
- 4 -
Aspinall Holdings Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,849 
17,706 
Investment property
3,962,031 
3,545,000 
Investments
16,500 
35,000 
3,986,380 
3,597,706 
Current assets
Debtors
124,934 
121,084 
Cash at bank and in hand
24,054 
34,522 
148,988 
155,606 
Creditors: amounts falling due within one year
(50,184)
(875)
Net current assets
98,804 
154,731 
Total assets less current liabilities
4,085,184 
3,752,437 
Creditors: amounts falling due after more than one year
(2,850,295)
(2,784,623)
Provisions for liabilities
Deferred tax
(284,688)
(235,040)
Net assets
950,201 
732,774 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
854,062 
705,121 
Profit and loss account
96,137 
27,651 
Shareholders' funds
950,201 
732,774 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by
Michael Aspinall Director Company Registration No. 09169784
- 5 -
Aspinall Holdings Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Aspinall Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 09169784. The registered office is Tower Court, Armley Road, Leeds, LS12 2LY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33%
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
- 6 -
Aspinall Holdings Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
33,890 
Additions
1,796 
At 31 May 2024
35,686 
Depreciation
At 1 June 2023
16,184 
Charge for the year
11,653 
At 31 May 2024
27,837 
Net book value
At 31 May 2024
7,849 
At 31 May 2023
17,706 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
3,545,000 
Additions
218,442 
Net gain from fair value adjustments
198,589 
At 31 May 2024
3,962,031 
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
6
Investments
Other investments 
£ 
Valuation at 1 June 2023
35,000 
Disposals
(18,500)
Valuation at 31 May 2024
16,500 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
124,934 
121,084 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
26,131 
- 
Other creditors
22,848 
- 
Accruals
1,205 
875 
50,184 
875 
- 7 -
Aspinall Holdings Ltd Notes to the Accounts for the year ended 31 May 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,324,928 
2,301,758 
Other creditors
525,367 
482,865 
2,850,295 
2,784,623 
In May 2020, the company received a Bounce Back Loan of £50,000, which is a 100% UK Government backed loan. Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government. After the first 12 months, an interest rate of 2.5% is applicable. The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme. Also included in long term creditors are other bank loans secured on investment properties. Personal guarantees have been provided.
10
Transactions with related parties
In the period Aspinall Holdings Ltd received loans from HBA Investments Limited of £189,348 (2023 - £98,428), NPP Group Limited of £193,005 (2023 - £241,423) a connected company, Northern Property Partners Limited of £93,013 (2023 - £93,013) a connected company and Aspin-Hall Investments Limited of £50,000 (2023 - £50,000) a connected company. In the period Aspinall Holdings Ltd made loans to Armley Park Development Limited of £5,000 (2023 - £5,000), Aspinall Commercial Limited of £43,339 (2023 - £43,255), NPP Holdings Limited of £27,660 (2023 - 26,160) and NPP Homes of £5,000 (2023 - £5,000). All loans are interest free and are repayable on demand.
11
Controlling party
Aspinall Group Limited, Tower Court, Armley Road, Leeds, LS12 2LY
12
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 8 -