1 01/01/2023 31/12/2023 2023-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 13087775 2023-01-01 2023-12-31 13087775 2023-12-31 13087775 2022-12-31 13087775 2022-01-01 2022-12-31 13087775 2022-12-31 13087775 2021-12-31 13087775 bus:RegisteredOffice 2023-01-01 2023-12-31 13087775 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 13087775 bus:Director1 2023-01-01 2023-12-31 13087775 bus:Director2 2023-01-01 2023-12-31 13087775 core:WithinOneYear 2023-12-31 13087775 core:WithinOneYear 2022-12-31 13087775 core:AfterOneYear 2023-12-31 13087775 core:AfterOneYear 2022-12-31 13087775 core:ShareCapital 2023-12-31 13087775 core:ShareCapital 2022-12-31 13087775 core:RetainedEarningsAccumulatedLosses 2023-12-31 13087775 core:RetainedEarningsAccumulatedLosses 2022-12-31 13087775 bus:SmallEntities 2023-01-01 2023-12-31 13087775 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13087775 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13087775 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13087775 bus:FullAccounts 2023-01-01 2023-12-31
Company registration number: 13087775
Aalin (Church Lawton) Limited
formerly Zenith House Developments (Church Lawton) Limited
Unaudited filleted financial statements
31 December 2023
Aalin (Church Lawton) Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Aalin (Church Lawton) Limited
Directors and other information
Director Mr D S Pope (Appointed 12 July 2024)
Mr M D Blake (Resigned 12 July 2024)
Company number 13087775
Registered office Parkgates, Bury New Road
Prestwich
Manchester
M25 0JW
Accountants Alexander Bursk Ltd
Parkgates, Bury New Road
Prestwich
Manchester
M25 0JW
Aalin (Church Lawton) Limited
Statement of financial position
31 December 2023
2023 2022
Note £ £ £ £
Current assets
Stocks 1,422,442 862,912
Cash at bank and in hand 26 11,001
_______ _______
1,422,468 873,913
Creditors: amounts falling due
within one year 5 ( 1,200) ( 6,760)
_______ _______
Net current assets 1,421,268 867,153
_______ _______
Total assets less current liabilities 1,421,268 867,153
Creditors: amounts falling due
after more than one year 6 ( 1,422,452) ( 867,697)
_______ _______
Net liabilities ( 1,184) ( 544)
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account ( 1,185) ( 545)
_______ _______
Shareholder deficit ( 1,184) ( 544)
_______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 April 2025 , and are signed on behalf of the board by:
Mr D S Pope
Director
Company registration number: 13087775
Aalin (Church Lawton) Limited
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Parkgates, Bury New Road, Prestwich, Manchester, M25 0JW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 1,200 6,760
_______ _______
6. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 1,422,452 867,697
_______ _______
7. Related party transactions
During the year the company entered into the following transactions with related parties:
Balance owed by/(owed to)
2023 2022
£ £
Aspire Group Limited ( 1,422,452) ( 867,697)
_______ _______
8. Controlling party
The ultimate controlling party was Michael Blake to 23/05/24. At this date, Aspire Group Ltd became the ultimate beneficial owner.