Company Registration No. 14073495 (England and Wales)
Aspinall Commercial Limited
Unaudited accounts
for the year ended 31 May 2024
Aspinall Commercial Limited
Unaudited accounts
Contents
Aspinall Commercial Limited
Company Information
for the year ended 31 May 2024
Directors
H Aspinall
Michael Aspinall
Company Number
14073495 (England and Wales)
Registered Office
Tower Court
Armley Road
Leeds
LS12 2LY
Aspinall Commercial Limited
Statement of financial position
as at 31 May 2024
Investment property
1,111,725
1,111,725
Cash at bank and in hand
66,576
49,176
Creditors: amounts falling due within one year
(85,420)
(64,379)
Net current assets/(liabilities)
3,955
(9,649)
Total assets less current liabilities
1,115,680
1,102,076
Creditors: amounts falling due after more than one year
(1,057,398)
(1,121,254)
Net assets/(liabilities)
58,282
(19,178)
Called up share capital
12
12
Profit and loss account
58,270
(19,190)
Shareholders' funds
58,282
(19,178)
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 2024 and were signed on its behalf by
Michael Aspinall
Director
Company Registration No. 14073495
Aspinall Commercial Limited
Notes to the Accounts
for the year ended 31 May 2024
Aspinall Commercial Limited is a private company, limited by shares, registered in England and Wales, registration number 14073495. 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 June 2023
1,111,725
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.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
19,423
-
Other creditors
52,547
44,547
Deferred income
13,075
19,457
Aspinall Commercial Limited
Notes to the Accounts
for the year ended 31 May 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
685,125
685,125
Other creditors
372,273
436,129
Included in long term creditors is a first charge bank loan secured on the investment property.
8
Transactions with related parties
In the period the business received a loan of £43,284 (£43,255 - 2023) from Aspinall Holdings Limited, a related company £192,603 (£292,603 - 2023) from NPP Group Limited a connected company and £100,000 (£100,000 - 2023) from NPP Homes Limited. All loans are interest free and repayable on demand.
Aspinall Group Limited, Tower Court, Armley Road, Leeds, LS12 2LY
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).