1 January 2024 false Taxfiler 2024.6 14400145business:PrivateLimitedCompanyLtd2024-01-012024-12-31 144001452023-12-31 144001452024-01-012024-12-31 14400145business:AuditExemptWithAccountantsReport2024-01-012024-12-31 14400145business:FilletedAccounts2024-01-012024-12-31 144001452024-12-31 14400145business:Director12024-01-012024-12-31 14400145business:Director22024-01-012024-12-31 14400145business:Director32024-01-012024-12-31 14400145business:RegisteredOffice2024-01-012024-12-31 144001452023-12-31 14400145core:WithinOneYear2024-12-31 14400145core:WithinOneYear2023-12-31 14400145core:AfterOneYear2024-12-31 14400145core:AfterOneYear2023-12-31 14400145core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 14400145core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 14400145core:RevaluationReservecore:PreviouslyStatedAmount2024-12-31 14400145core:RevaluationReservecore:PreviouslyStatedAmount2023-12-31 14400145core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 14400145core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 14400145core:PreviouslyStatedAmount2024-12-31 14400145core:PreviouslyStatedAmount2023-12-31 14400145business:SmallEntities2024-01-012024-12-31 14400145countries:EnglandWales2024-01-012024-12-31 14400145core:MoreThanFiveYears2024-12-31 14400145core:MoreThanFiveYears2023-12-31 14400145core:AfterOneYear2024-01-012024-12-31 14400145core:RevaluationInvestmentPropertyDeferredTax2024-12-31 14400145core:RevaluationInvestmentPropertyDeferredTax2023-12-31 14400145core:TaxLossesCarry-forwardsDeferredTax2024-12-31 14400145core:TaxLossesCarry-forwardsDeferredTax2023-12-31 144001452022-10-052023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 14400145 (England and Wales)
Aspire West Yorkshire Limited Unaudited accounts for the year ended 31 December 2024
Aspire West Yorkshire Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Aspire West Yorkshire Limited Company Information for the year ended 31 December 2024
Directors
Christopher John Henry Ben Moran Christopher Paton
Company Number
14400145 (England and Wales)
Registered Office
40 Warton Terrace Newcastle Upon Tyne Tyne and Wear NE6 5LS England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
- 3 -
Aspire West Yorkshire Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
4
400,001 
215,873 
Current assets
Debtors
5
- 
25,535 
Cash at bank and in hand
13,036 
29,709 
13,036 
55,244 
Creditors: amounts falling due within one year
6
(41,095)
(282,974)
Net current liabilities
(28,059)
(227,730)
Total assets less current liabilities
371,942 
(11,857)
Creditors: amounts falling due after more than one year
7
(332,368)
(15,390)
Provisions for liabilities
Deferred tax
8
(9,931)
- 
Net assets/(liabilities)
29,643 
(27,247)
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
75,412 
- 
Profit and loss account
(45,779)
(27,257)
Shareholders' funds
29,643 
(27,247)
For the year ending 31 December 2024 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 31 March 2025 and were signed on its behalf by
Christopher John Henry Director Company Registration No. 14400145
- 4 -
Aspire West Yorkshire Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Aspire West Yorkshire Limited is a private company, limited by shares, registered in England and Wales, registration number 14400145. The registered office is 40 Warton Terrace, Newcastle Upon Tyne, Tyne and Wear, NE6 5LS, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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 taxation
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.
4
Investment property
2024 
£ 
Fair value at 1 January 2024
215,873 
Additions
83,712 
Net gain from fair value adjustments
100,416 
At 31 December 2024
400,001 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
25,535 
- 5 -
Aspire West Yorkshire Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
152 
152 
Other creditors
30,204 
281,718 
Loans from directors
9,719 
- 
Accruals
1,020 
1,104 
41,095 
282,974 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
305,250 
- 
Other creditors
27,118 
15,390 
332,368 
15,390 
Aggregate of amounts that fall due for payment after five years
305,250 
- 
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
8
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
25,104 
- 
Tax losses carried forward
(15,173)
- 
9,931 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
9,931 
- 
Provision at end of year
9,931 
- 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -