Company Registration No. 09959806 (England and Wales)
Aspire Properties Holdings Limited
Unaudited accounts
for the period from 1 February 2024 to 31 March 2025
Aspire Properties Holdings Limited
Unaudited accounts
Contents
Aspire Properties Holdings Limited
Company Information
for the period from 1 February 2024 to 31 March 2025
Directors
G ELLISON
I ELLISON
Company Number
09959806 (England and Wales)
Registered Office
37 Studio 1
King Edwards Drive
Harrogate
North Yorkshire
HG1 4HA
United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Aspire Properties Holdings Limited
Accountants' report
Accountants' report to the board of directors of Aspire Properties Holdings Limited on the preparation of the unaudited statutory accounts for the period from 1 February 2024 to 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Aspire Properties Holdings Limited for the period from
1 February 2024 to
31 March 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Aspire Properties Holdings Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Aspire Properties Holdings Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aspire Properties Holdings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Aspire Properties Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Aspire Properties Holdings Limited. You consider that Aspire Properties Holdings Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Aspire Properties Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
5 September 2025
Aspire Properties Holdings Limited
Statement of financial position
as at 31 March 2025
Tangible assets
384,999
385,301
Investment property
1,563,000
1,562,000
Cash at bank and in hand
9,937
11,557
Creditors: amounts falling due within one year
(209,242)
(259,410)
Net current liabilities
(183,018)
(233,654)
Total assets less current liabilities
1,764,981
1,713,647
Creditors: amounts falling due after more than one year
(1,331,679)
(1,343,498)
Provisions for liabilities
Deferred tax
(26,041)
(25,680)
Net assets
407,261
344,469
Called up share capital
2
2
Revaluation reserve
78,125
77,042
Profit and loss account
329,134
267,425
Shareholders' funds
407,261
344,469
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by
G ELLISON
Director
Company Registration No. 09959806
Aspire Properties Holdings Limited
Notes to the Accounts
for the period from 1 February 2024 to 31 March 2025
Aspire Properties Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 09959806. The registered office is 37 Studio 1, King Edwards Drive, Harrogate, North Yorkshire, HG1 4HA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Computer equipment
33% on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Aspire Properties Holdings Limited
Notes to the Accounts
for the period from 1 February 2024 to 31 March 2025
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At 1 February 2024
384,556
25,949
3,093
413,598
At 31 March 2025
385,000
25,949
3,093
414,042
At 1 February 2024
-
25,506
2,791
28,297
Charge for the period
-
444
302
746
At 31 March 2025
-
25,950
3,093
29,043
At 31 March 2025
385,000
(1)
-
384,999
At 31 January 2024
384,556
443
302
385,301
Fair value at 1 February 2024
1,562,000
Net gain from fair value adjustments
1,000
At 31 March 2025
1,563,000
Amounts falling due within one year
Other debtors
16,287
14,199
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
15,256
8,651
Other creditors
65,795
64,885
Loans from directors
127,391
185,074
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,331,679
1,343,498
Aggregate of amounts that fall due for payment after five years
1,331,679
1,319,468
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
Aspire Properties Holdings Limited
Notes to the Accounts
for the period from 1 February 2024 to 31 March 2025
9
Deferred taxation
2025
2024
Revaluation of land and buildings
1,480
1,369
Revaluation of investment property
24,561
24,311
Provision at start of period
25,680
12,163
Charged to the profit and loss account
361
13,517
Provision at end of period
26,041
25,680
10
Transactions with related parties
Included in current liabilities is a related company loan of £46,832 (2024 - £46,832) from a related company. The loan is interest-free and repayable on demand.
11
Average number of employees
During the period the average number of employees was 0 (2024: 0).