Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false2024-01-01Buying and selling of own real estate22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13258067 2024-01-01 2024-12-31 13258067 2023-01-01 2023-12-31 13258067 2024-12-31 13258067 2023-12-31 13258067 c:Director1 2024-01-01 2024-12-31 13258067 d:FreeholdInvestmentProperty 2024-12-31 13258067 d:FreeholdInvestmentProperty 2023-12-31 13258067 d:CurrentFinancialInstruments 2024-12-31 13258067 d:CurrentFinancialInstruments 2023-12-31 13258067 d:Non-currentFinancialInstruments 2024-12-31 13258067 d:Non-currentFinancialInstruments 2023-12-31 13258067 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13258067 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13258067 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 13258067 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13258067 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 13258067 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 13258067 d:ShareCapital 2024-12-31 13258067 d:ShareCapital 2023-12-31 13258067 d:RetainedEarningsAccumulatedLosses 2024-12-31 13258067 d:RetainedEarningsAccumulatedLosses 2023-12-31 13258067 c:OrdinaryShareClass1 2024-01-01 2024-12-31 13258067 c:OrdinaryShareClass1 2024-12-31 13258067 c:OrdinaryShareClass2 2024-01-01 2024-12-31 13258067 c:OrdinaryShareClass2 2024-12-31 13258067 c:FRS102 2024-01-01 2024-12-31 13258067 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13258067 c:FullAccounts 2024-01-01 2024-12-31 13258067 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13258067 e:PoundSterling 2024-01-01 2024-12-31 13258067 d:EntityControlledByKeyManagementPersonnel1 2024-01-01 2024-12-31 13258067 d:EntityControlledByKeyManagementPersonnel1 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13258067









8 ASPEN GARDENS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
8 ASPEN GARDENS LTD
REGISTERED NUMBER: 13258067

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Investment property
 4 
575,108
575,108

Current assets
  

Cash at bank and in hand
 5 
3,990
2,475

  
3,990
2,475

Creditors: amounts falling due within one year
 6 
(128,532)
(134,435)

Net current liabilities
  
 
 
(124,542)
 
 
(131,960)

Total assets less current liabilities
  
450,566
443,148

Creditors: amounts falling due after more than one year
 7 
(427,385)
(427,385)

  

Net assets
  
23,181
15,763


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
23,081
15,663

  
23,181
15,763

Page 1

 
8 ASPEN GARDENS LTD
REGISTERED NUMBER: 13258067
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 June 2025.




S P Roue
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
8 ASPEN GARDENS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

8 Aspen Garden Ltd is a company limited by shares, incorporated in England and Wales. The adddress of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, United Kingdom, UB8 2FX.

The company specialises in buying and renting of real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared the financial statements on a going concern basis, despite the Statement of financial position showing net current liabilities of £124,542 (2023 - £131,960) which includes loans of £122,112 (2023 - £128,668) due to companies under the control of the directors. The directors have confirmed that repayments of these loan accounts will only be made where there are surplus cash resources available to make such payments.
As such, the directors believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Turnover comprises rent receivable by the company and is recognised in line with the year when it is due.

Page 3

 
8 ASPEN GARDENS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.6

Investment property

Investment properties are properties held to earn rent and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of the investment properties are included in the Statement of comprehensive income in the year in which they arise.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
8 ASPEN GARDENS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
575,108



At 31 December 2024
575,108

The 2024 valuations were made by the directors, who are not property professionals, on an open market value for existing use basis.





5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,990
2,475

3,990
2,475



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
127,332
133,235

Accruals and deferred income
1,200
1,200

128,532
134,435



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
427,385
427,385

427,385
427,385


The loan is secured by a fixed charge over the property.

Page 5

 
8 ASPEN GARDENS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due after more than 5 years

Other loans
427,385
427,385

427,385
427,385



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 Ordinary A shares of £1 each
50
50
50 Ordinary B shares of £1 each
50
50

100

100

All classes of shares rank pari passu in every respect except that dividends may be declared at different rates on different classes of share.



10.


Related party transactions

At the year end, an amount of £122,112 (2023 - £128,668) was owed to companies under the control of the directors.
 
During the year, the company paid interest of £6,544 (2023 - £13,500) to companies under the control of the directors.


11.


Controlling party

There is no ultimate controlling party.
 
Page 6