Registered number
08075907
ASPS (LEICESTER) LTD
Filleted Accounts
31 May 2024
ASPS (LEICESTER) LTD
Registered number: 08075907
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 315,548 315,548
Current assets
Debtors 4 6,870 -
Cash at bank and in hand 15,310 27,865
22,180 27,865
Creditors: amounts falling due within one year 5 (79,158) (79,194)
Net current liabilities (56,978) (51,329)
Total assets less current liabilities 258,570 264,219
Creditors: amounts falling due after more than one year 6 (278,567) (286,984)
Net liabilities (19,997) (22,765)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (20,997) (23,765)
Shareholders' funds (19,997) (22,765)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A S Kullar
Director
Approved by the board on 27 May 2025
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the amount received for rent charged during the year, excluding of VAT.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed asstes, other than freehold investment properties at rates calculated to write off the cost, less estimated residual value, of each assets evenly over its expected useful life.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Investment properties
£
Cost
At 1 June 2023 315,548
At 31 May 2024 315,548
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 315,548
At 31 May 2023 315,548
4 Debtors 2024 2023
£ £
Trade debtors 6,870 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans (secured) 8,643 8,301
Trade creditors 46,972 54,135
Accruals 11,670 4,885
Corporation tax 2,373 2,373
Other creditors 9,500 9,500
79,158 79,194
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans (secured) 131,065 139,482
Other creditors 147,502 147,502
278,567 286,984
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 96,492 106,278
Secured bank loans 139,708 147,783
The bank loan is secured by a charge over the freehold investment property owned by the company.
8 Other information
ASPS (LEICESTER) LTD is a private company limited by shares and incorporated in England. Its registered office is:
128A Evington Road
Leicester
LE2 1HL
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