REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025 |
FOR |
ASPIRANT LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Amounts owed by group undertakings |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.25 | 31.12.23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors & accruals |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.25 | 31.12.23 |
value: | £ | £ |
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 |
Profit for the period |
Dividends | ( |
) |
At 31 March 2025 |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |