REGISTERED NUMBER: 02788433 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

ASPINDEN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

P Peros

O Peros

Registered office:

Cotswold Lodge Hotel

66A Banbury Road

Oxford

Oxfordshire

OX2 6JP

Registered number:

02788433 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

2,386

3,153

Investment property

6

556,800

556,800

559,186

559,953

Current assets

Debtors

7

847,824

721,529

Cash at bank

127,146

187,532

974,970

909,061

Creditors

Amounts falling due within one year

8

74,597

49,991

Net current assets

900,373

859,070

Total assets less current liabilities

1,459,559

1,419,023

Provisions for liabilities

32,830

25,285

Net assets

1,426,729

1,393,738

Capital and reserves

Called up share capital

9

2

2

Fair value reserve

10

292,026

292,026

Retained earnings

1,134,701

1,101,710

Shareholders' funds

1,426,729

1,393,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

O Peros - Director

1.	Statutory information

Aspinden 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 financial statements are presented in Sterling, which is the functional currency of the company, rounded to the nearest £1.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced licence fees excluding value added tax.

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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The directors have made an assessment of the ability of the company to continue as a going concern and have identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

Goodwill

Goodwill of £64,000 has been fully amortised over its estimated economic life of twenty years.

3.	Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2024

and 31 December 2024

64,000

Amortisation

At 1 January 2024

and 31 December 2024

64,000

Net book value

At 31 December 2024

-

At 31 December 2023

-

5.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 January 2024

and 31 December 2024

58,859

625

59,484

Depreciation

At 1 January 2024

55,706

625

56,331

Charge for year

767

-

767

At 31 December 2024

56,473

625

57,098

Net book value

At 31 December 2024

2,386

-

2,386

At 31 December 2023

3,153

-

3,153

6.	Investment property

Total

£

Fair value

At 1 January 2024

and 31 December 2024

556,800

Net book value

At 31 December 2024

556,800

At 31 December 2023

556,800

Fair value at 31 December 2024 is represented by:

£

Valuation in 2016

321,186

Cost

235,614

556,800

Investment property was revalued by the directors on an open market basis at 31 December 2023.

7.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

-

804

Other debtors

847,824

720,725

847,824

721,529

8.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

-

9,000

Trade creditors

8,473

7,153

Taxation and social security

46,963

17,310

Other creditors

19,161

16,528

74,597

49,991

The accounts for this period include an estimated tax liability under S455 of £33,000 relating to past loans and which the company is in the process of disclosing to HMRC. These accounts also include an estimate within Other creditors for interest.

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

10.

Reserves

Fair value

reserve

£

At 1 January 2024

and 31 December 2024

292,026

11.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

P Peros

Balance outstanding at start of year

(4,527

)

(4,527

)

Amounts advanced

100,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

95,473

(4,527

)