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REGISTERED NUMBER: 12186152 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ASPIRE LPP LIMITED

ASPIRE LPP LIMITED (REGISTERED NUMBER: 12186152)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASPIRE LPP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr M T Lucas
Mr D J Ritchie





REGISTERED OFFICE: Third Floor
45 London Road
Reigate
Surrey
RH2 9PY





REGISTERED NUMBER: 12186152 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

ASPIRE LPP LIMITED (REGISTERED NUMBER: 12186152)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 206,120 2,596
Investments 5 602,675 150,750
808,795 153,346

CURRENT ASSETS
Inventories 6 3,059,393 1,421,464
Debtors 7 4,227,263 3,465,588
Cash at bank 258,821 1,638,737
7,545,477 6,525,789
CREDITORS
Amounts falling due within one year 8 2,818,592 1,151,560
NET CURRENT ASSETS 4,726,885 5,374,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,535,680

5,527,575

CREDITORS
Amounts falling due after more than one year 9 910,845 920,797
NET ASSETS 4,624,835 4,606,778

CAPITAL AND RESERVES
Called up share capital 11 800 800
Retained earnings 4,624,035 4,605,978
SHAREHOLDERS' FUNDS 4,624,835 4,606,778

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 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.

ASPIRE LPP LIMITED (REGISTERED NUMBER: 12186152)

BALANCE SHEET - continued
31 MARCH 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mr M T Lucas - Director


ASPIRE LPP LIMITED (REGISTERED NUMBER: 12186152)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Aspire LPP Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life
Computer equipment - Straight line over 3 years
Office Equipment - 25% Written down value method

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

ASPIRE LPP LIMITED (REGISTERED NUMBER: 12186152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 April 2023 - 9,685 9,685
Additions 213,185 1,016 214,201
At 31 March 2024 213,185 10,701 223,886
Depreciation
At 1 April 2023 - 7,089 7,089
Charge for year 8,766 1,911 10,677
At 31 March 2024 8,766 9,000 17,766
Net book value
At 31 March 2024 204,419 1,701 206,120
At 31 March 2023 - 2,596 2,596

5. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost
At 1 April 2023 150,750
Additions 451,925
At 31 March 2024 602,675
Net book value
At 31 March 2024 602,675
At 31 March 2023 150,750

6. INVENTORIES
31.3.24 31.3.23
£    £   
Work-in-progress 3,059,393 1,421,464

ASPIRE LPP LIMITED (REGISTERED NUMBER: 12186152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 123,419 397
Amounts owed by group undertakings 1,242,282 658,449
Other debtors 2,861,562 2,806,742
4,227,263 3,465,588

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 10) 10,648 10,648
Trade creditors 940,258 259,664
Amounts owed to group undertakings 888,218 -
Taxation and social security 884,685 859,675
Accruals and deferred income 94,783 21,573
2,818,592 1,151,560

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 10) 10,845 20,797
Other creditors 900,000 900,000
910,845 920,797

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,648 10,648

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,648 10,648

Amounts falling due between two and five years:
Bank loans - 2-5 years 197 10,149

ASPIRE LPP LIMITED (REGISTERED NUMBER: 12186152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
6,350 Ordinary A 0.04 254 254
3,150 Ordinary B 0.04 126 126
10,500 Ordinary C 0.04 420 420
800 800