REGISTERED NUMBER: 04703160 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Asp-Inns Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N S Carter

Mrs H D Carter

SECRETARY:

Mrs H D Carter

REGISTERED OFFICE:

Selborne Arms

High Street

Selborne

Alton

Hampshire

GU34 3JR

REGISTERED NUMBER:

04703160 (England and Wales)

ACCOUNTANTS:

Butler & Co (Bishops Waltham) Limited

Chartered Accountants

Avalon House

Waltham Business Park

Brickyard Road, Swanmore

Southampton

Hampshire

SO32 2SA

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

42,143

43,799

42,143

43,799

CURRENT ASSETS

Stocks

7

7,842

7,839

Debtors

8

14,383

11,608

Cash at bank and in hand

2,991

5,235

25,216

24,682

CREDITORS

Amounts falling due within one year

9

138,969

99,506

NET CURRENT LIABILITIES

(113,753

)

(74,824

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(71,610

)

(31,025

)

CREDITORS

Amounts falling due after more than one year

10

(1,167

)

(10,161

)

PROVISIONS FOR LIABILITIES

(633

)

(741

)

NET LIABILITIES

(73,410

)

(41,927

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(73,510

)

(42,027

)

SHAREHOLDERS' FUNDS

(73,410

)

(41,927

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

N S Carter - Director

1.	STATUTORY INFORMATION

Asp-Inns 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over 60 years

Fixtures and equipment

-

15% reducing balance basis

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

90,000

AMORTISATION

At 1 April 2024

and 31 March 2025

90,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

Computer

leasehold

property

equipment

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

48,380

9,390

78,378

1,945

138,093

DEPRECIATION

At 1 April 2024

15,874

2,661

73,823

1,936

94,294

Charge for year

806

157

684

9

1,656

At 31 March 2025

16,680

2,818

74,507

1,945

95,950

NET BOOK VALUE

At 31 March 2025

31,700

6,572

3,871

-

42,143

At 31 March 2024

32,506

6,729

4,555

9

43,799

7.

STOCKS

31.3.25

31.3.24

£

£

Stocks

7,842

7,839

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Prepayments

14,383

11,608

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

58,119

46,339

Social security and other taxes

17,907

14,920

VAT

5,023

3,427

Net wages payable

962

962

Directors' current accounts

39,640

17,576

Directors' loan accounts

3,848

3,552

Accrued expenses

3,470

2,730

138,969

99,506

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

1,167

10,161

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

11,167

20,161

12.	OTHER FINANCIAL COMMITMENTS

The company had financial commitments totalling £212,678 as at 31 March 2025 (2024: £373,971).