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Registered Number: 10643400
England and Wales

 

 

 

ASPIRE STUDENT LIVING 3 MANAGEMENT LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2024

End date: 31 August 2025

ASPIRE STUDENT LIVING 3 MANAGEMENT LTD
Contents Page
For the year ended 31 August 2025
 
 		 Notes
 		 2025
£		   2024
£
Current assets      
Debtors: amounts falling due within one year 3 1,800    1,801 
Cash at bank and in hand 229,329    63,512 
231,129    65,313 
Creditors: amount falling due within one year 4 (206,027)   (44,695)
Net current assets 25,102    20,618 
 
Total assets less current liabilities 25,102    20,618 
Creditors: amount falling due after more than one year 5 0    (1)
Net assets 25,102    20,617 
 

Capital and reserves 		     
Called up share capital 1    1 
Profit and loss account 25,101    20,616 
Shareholders' funds 25,102    20,617 
 


For the year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 26 May 2026 and were signed on its behalf by:


-------------------------------
Mr J Taylor
Director
1
General Information
ASPIRE STUDENT LIVING 3 MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 10643400, registration address Unit 11 Creative Court, Central Park Avenue, Plymouth, PL4 6NW.

The presentation currency is £ sterling.
1.

Accounting policies

Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. 
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. 
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that in relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. 
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. 
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. 
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. 
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. 
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. 
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2.

Average number of employees

Average number of employees during the year was 2 (2024 : 2).
3.

Debtors: amounts falling due within one year

2025
£		   2024
£
Other Debtors 1,800    1,801 
1,800    1,801 

4.

Creditors: amount falling due within one year

2025
£		   2024
£
Trade Creditors 16,229    11,895 
Taxation and Social Security 1,052    849 
Other Creditors 188,746    31,951 
206,027    44,695 

5.

Creditors: amount falling due after more than one year

2025
£		   2024
£
Other Creditors 0    1 
0    1 

6.

Related party transactions

The company was under the control of Mr R Pillar and Mr J Taylor throughout the current and previous year by virtue of their shareholding in the parent company Aspire Student Living (3) Limited. At the year end there was an amount owed to Aspire Student Living (3) Limited totalling £71,822 (2024: £30,615). During the year the company leased property from this company, the total amount charged during the year was £548,071 (2024: £442,113).
2