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REGISTERED NUMBER: 07530670 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025

FOR

ASPIRANT LIMITED

ASPIRANT LIMITED (REGISTERED NUMBER: 07530670)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASPIRANT LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025







DIRECTORS: M McClaine
B Darde
P J R Imbert
R A Maghsoudnia





REGISTERED OFFICE: Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG





REGISTERED NUMBER: 07530670 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

ASPIRANT LIMITED (REGISTERED NUMBER: 07530670)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 4 786,346 1,468,895
Cash at bank 707,753 334,911
1,494,099 1,803,806
CREDITORS
Amounts falling due within one year 5 503,204 819,901
NET CURRENT ASSETS 990,895 983,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

990,895

983,905

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 7 990,894 983,904
SHAREHOLDERS' FUNDS 990,895 983,905

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





M McClaine - Director


ASPIRANT LIMITED (REGISTERED NUMBER: 07530670)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025

1. STATUTORY INFORMATION

Aspirant 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.

The company has decided to extend its financial period from the original period end of 31 December 2024 to 31 March 2025 to align with the financial year end of the parent company, Wavestone Advisors UK Limited, following the acquisition of Aspirant Limited and its parent into the Wavestone group. The extension of the period means the comparatives are not comparable.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months and one day from the date these financial statements were approved. Accordingly they continue to adopt the going concern basis in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax. Turnover recognised is The based on time spent by direct labour subcontracted by the company for consulting services provided to customers. Turnover is recognised as the service is provided and the risks and rewards transfer.

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

Taxation
Taxation for the period 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 balance sheet date.


ASPIRANT LIMITED (REGISTERED NUMBER: 07530670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.12.23
£    £   
Trade debtors 409,719 746,857
Amounts owed by group undertakings 312,397 611,322
Other debtors 64,230 110,716
786,346 1,468,895

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.12.23
£    £   
Trade creditors 232,739 249,686
Amounts owed to group undertakings 29,620 393,564
Taxation and social security 142,143 128,941
Other creditors & accruals 98,702 47,710
503,204 819,901

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.12.23
value: £    £   
1 Ordinary Share Capital £1 1 1

ASPIRANT LIMITED (REGISTERED NUMBER: 07530670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025

7. RESERVES
Retained
earnings
£   

At 1 January 2024 983,904
Profit for the period 369,510
Dividends (362,520 )
At 31 March 2025 990,894

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rachel Lockwood (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

As stated above, the Report of the Auditors was unqualified. It did however contain the following modification:-
"Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state for the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

9. RELATED PARTY DISCLOSURES

During the period ended 31 March 2025, Aspirant Limited traded with Aspirant Consulting Limited which is related due to having common directors of both entities During the period, Aspirant Limited made purchases of £155,660 (2023: Nil). At 31 March 2025, Aspirant Limited owed no amount (2023: £145,593) to related parties.

10. ULTIMATE PARENT & CONTROLLING PARTY

At the commencement of the current financial period, the ultimate parent company was Aspirant Consulting Holdings, LLC, registered office Nova Tower 1, Suite 502, Pittsburgh, PA 15212, which is a company incorporated in the United States of America.

On the 16th January 2024, the shareholding of Aspirant Limited was sold to Wavestone Advisors UK Limited, registered office 10 Exchange Square (Level 7), Broadgate, London, EC2A 2BR, England. The ultimate parent company is Wavestone SA, registered office Tour Franklin 100-101 Boieldieu Terrace, 92042 Paris La Defense CEDEX, which is a publicly traded company listed on the Euronext Paris exchange. Financial statements can be found at https://live.euronext.com/en.