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REGISTERED NUMBER: 10748140 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ASPECT COMMERCIAL PROPERTIES LTD.

ASPECT COMMERCIAL PROPERTIES LTD. (REGISTERED NUMBER: 10748140)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASPECT COMMERCIAL PROPERTIES LTD.

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: M R Johnson
A Johnson
Mrs K M Johnson
Mrs A Johnson





REGISTERED OFFICE: Unit 1
Appleton Street
Wigan
Lancashire
WN3 4BZ





REGISTERED NUMBER: 10748140 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

ASPECT COMMERCIAL PROPERTIES LTD. (REGISTERED NUMBER: 10748140)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,159 3,716
Investments 5 1 1
Investment property 6 343,200 343,200
346,360 346,917

CURRENT ASSETS
Debtors 7 3,091 2,923
Cash at bank and in hand 26,553 39,902
29,644 42,825
CREDITORS
Amounts falling due within one year 8 52,226 90,169
NET CURRENT LIABILITIES (22,582 ) (47,344 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,778

299,573

CREDITORS
Amounts falling due after more than one year 9 (49,362 ) (54,629 )

PROVISIONS FOR LIABILITIES (929 ) (706 )
NET ASSETS 273,487 244,238

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 273,483 244,234
273,487 244,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ASPECT COMMERCIAL PROPERTIES LTD. (REGISTERED NUMBER: 10748140)

STATEMENT OF FINANCIAL POSITION - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:




M R Johnson - Director



A Johnson - Director


ASPECT COMMERCIAL PROPERTIES LTD. (REGISTERED NUMBER: 10748140)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Aspect Commercial Properties Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 principal accounting policies adopted in the preparation of the financial statements are set out below.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus of deficit arising from changes in fair value is recognised in profit ot loss.

Financial instruments
The company only has basic financial instruments. The following assets and liabilities are classified as financial instruments; bank accounts, Directors' loan accounts, bank loans and accruals.

Financial instruments that are payable or receivable within one year, typically bank accounts, Directors' loan accounts and accruals are measured initially and subsequently at the undiscounted amount of the cash or consideration that is expected to be paid or received.

Financial instruments repayable in more than one year such as bank loans are initially measured at present value of the future paymants and subsequently at amortised cost using the effective interest method unless the effective rate of discounting would be immaterial.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


ASPECT COMMERCIAL PROPERTIES LTD. (REGISTERED NUMBER: 10748140)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 10,000
DEPRECIATION
At 1 July 2023 6,284
Charge for year 557
At 30 June 2024 6,841
NET BOOK VALUE
At 30 June 2024 3,159
At 30 June 2023 3,716

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 1
NET BOOK VALUE
At 30 June 2024 1
At 30 June 2023 1

ASPECT COMMERCIAL PROPERTIES LTD. (REGISTERED NUMBER: 10748140)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 343,200
NET BOOK VALUE
At 30 June 2024 343,200
At 30 June 2023 343,200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,091 2,923

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,945 4,625
Amounts owed to associates 5,300 5,300
Taxation and social security 7,390 27,798
Other creditors 34,591 52,446
52,226 90,169

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 49,362 54,629

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 29,581 36,130

ASPECT COMMERCIAL PROPERTIES LTD. (REGISTERED NUMBER: 10748140)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
M R Johnson
Balance outstanding at start of year 2,709 -
Amounts advanced 391 2,709
Amounts repaid (800 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,300 2,709