Company No: 03940979 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	992,839		1,023,229
Investments	5	194,936		179,441
		1,187,775		1,202,670
Current assets
Debtors	6	29,078		11,139
Cash at bank and in hand		325,903		227,939
		354,981		239,078
Creditors: amounts falling due within one year	7	( 670,630)		( 630,885)
Net current liabilities		(315,649)		(391,807)
Total assets less current liabilities		872,126		810,863
Provision for liabilities		( 77,000)		( 88,000)
Net assets		795,126		722,863
Capital and reserves
Called-up share capital	8	666		666
Other reserves		334		334
Profit and loss account		794,126		721,863
Total shareholders' funds		795,126		722,863

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Aspect Windows (Holdings) Limited (registered number: 03940979) were approved and authorised for issue by the Director on 04 December 2025. They were signed on its behalf by:

Mr S Cooling Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Aspect Windows (Holdings) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8 Apple Lane, Exeter, EX2 5GL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company is part of a small group. The company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Taxation

Current tax
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment.

Other intangible assets

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	5 years straight line
Vehicles	5 years straight line
Fixtures and fittings	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income where receivable.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2024	3,720		3,720
At 31 March 2025	3,720		3,720
Accumulated amortisation
At 01 April 2024	3,720		3,720
At 31 March 2025	3,720		3,720
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 April 2024	1,116,764		537,516		237,196		179,216		2,070,692
Additions	325		0		83,890		0		84,215
Disposals	0		0		( 30,982)		0		( 30,982)
At 31 March 2025	1,117,089		537,516		290,104		179,216		2,123,925
Accumulated depreciation
At 01 April 2024	269,104		392,551		217,849		167,959		1,047,463
Charge for the financial year	22,344		56,323		25,431		4,441		108,539
Disposals	0		0		( 24,916)		0		( 24,916)
At 31 March 2025	291,448		448,874		218,364		172,400		1,131,086
Net book value
At 31 March 2025	825,641		88,642		71,740		6,816		992,839
At 31 March 2024	847,660		144,965		19,347		11,257		1,023,229

Included within the net book value of land and buildings above is £825,641 (2024 - £847,660) in respect of freehold land and buildings.

5. Fixed asset investments

	2025		2024
	£		£
Subsidiary undertakings	1,100		1,100
Other investments and loans	193,836		178,341
	194,936		179,441

6. Debtors

	2025		2024
	£		£
Trade debtors	19,576		4,800
Other debtors	9,502		6,339
	29,078		11,139

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	31,795		15,660
Amounts owed to Group undertakings	587,540		584,249
Corporation tax	49,245		24,750
Other creditors	2,050		6,226
	670,630		630,885

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
332 A ordinary shares of £ 1.00 each	332		332
334 B ordinary shares of £ 1.00 each	334		334
	666		666

All shares rank pari passu in all respects, but shall constitute a separate class of shares.

9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	£		£
Aspect Windows (Western) Limited (100% owned subsidiary)	583,264		584,249
Exeter Trade Aluminium Limited (100% owned subsidiary)	4,276		4,276

A loan existed between both Aspect Windows (Western) Limited and Exeter Trade Aluminium Limited and the company throughout the year.

The loans are interest free and repayable on demand.