REGISTERED NUMBER: 12390221 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 FEBRUARY 2024 TO 30 JANUARY 2025

FOR

ASPIRING HOMES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Zahid Ali Choudhry

REGISTERED OFFICE:

Unit 2a, The Point

420 Eastern Avenue

Ilford

Essex

IG2 6NQ

REGISTERED NUMBER:

12390221 (England and Wales)

FIXED ASSETS

Intangible assets

4

158,044

175,604

Tangible assets

5

684

912

158,728

176,516

CURRENT ASSETS

Debtors

6

120,893

109,096

Cash at bank and in hand

118,531

5,563

239,424

114,659

CREDITORS

Amounts falling due within one year

7

449,889

376,566

NET CURRENT LIABILITIES

(210,465

)

(261,907

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(51,737

)

(85,391

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

(51,837

)

(85,491

)

SHAREHOLDERS' FUNDS

(51,737

)

(85,391

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2025 and were signed by:

Mr Zahid Ali Choudhry - Director

1.	STATUTORY INFORMATION

Aspiring Homes Ltd 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.

TURNOVER

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

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS

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

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 February 2024

and 30 January 2025

223,903

AMORTISATION

At 1 February 2024

48,299

Amortisation for period

17,560

At 30 January 2025

65,859

NET BOOK VALUE

At 30 January 2025

158,044

At 31 January 2024

175,604

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2024

and 30 January 2025

2,032

DEPRECIATION

At 1 February 2024

1,120

Charge for period

228

At 30 January 2025

1,348

NET BOOK VALUE

At 30 January 2025

684

At 31 January 2024

912

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/1/25

31/1/24

£

£

Trade debtors

-

839

Amounts owed by group undertakings

110,893

108,257

Other debtors

10,000

-

120,893

109,096

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/1/25

31/1/24

£

£

Trade creditors

25,600

15,400

Amounts owed to group undertakings

396,236

359,744

Social security and other taxes

(836

)

159

Directors' current accounts

27,139

63

Accrued expenses

1,750

1,200

449,889

376,566

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/1/25

31/1/24

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 February 2024

(85,491

)

Profit for the period

33,654

At 30 January 2025

(51,837

)