COMPANY REGISTRATION NUMBER:
15964604
|
Aspire Property (Chesterfield) Limited |
|
|
Filleted Unaudited Financial Statements |
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|
Aspire Property (Chesterfield) Limited |
|
Period from 18 September 2024 to 30 September 2025
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Statement of financial position |
1 |
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Notes to the financial statements |
3 |
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Aspire Property (Chesterfield) Limited |
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|
Statement of Financial Position |
|
30 September 2025
Current Assets
|
Stocks |
703,831 |
|
|
Debtors |
5 |
8,380 |
|
|
Cash at bank and in hand |
184,903 |
|
|
--------- |
|
|
897,114 |
|
|
|
|
|
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Creditors: amounts falling due within one year |
6 |
710,573 |
|
|
--------- |
|
|
Net Current Assets |
|
186,541 |
|
|
--------- |
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Total Assets Less Current Liabilities |
|
186,541 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
|
191,878 |
|
|
--------- |
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Net Liabilities |
|
(
5,337) |
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|
--------- |
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|
|
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Capital and Reserves
|
Called up share capital |
9 |
|
100 |
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Profit and loss account |
|
(
5,437) |
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|
------- |
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Shareholders Deficit |
|
(
5,337) |
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|
------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the period ending 30 September 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 period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Aspire Property (Chesterfield) Limited |
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Statement of Financial Position (continued) |
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30 September 2025
These financial statements were approved by the
board of directors
and authorised for issue on
26 May 2026
, and are signed on behalf of the board by:
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Mr R D Whittaker |
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|
Director |
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Company registration number:
15964604
|
Aspire Property (Chesterfield) Limited |
|
|
Notes to the Financial Statements |
|
Period from 18 September 2024 to 30 September 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91-97 Saltergate, Chesterfield, S40 1LA, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Revenue is recognised as the fair value of the consideration received or receivable on legal completion of a newly built residential property sale.
Work in progress
Work in progress is stated at the lower of cost and net realisable value. Land with planning includes undeveloped land and land under development and is initially recorded at cost. Work in progress comprises direct materials, labour costs, site overheads, associated professional charges and other attributable overheads. Net realisable value represents the estimated selling prices less all estimated costs of completion and overheads. Regular reviews are carried out to identify any impairment in the value of the land. Provision would be made to reflect any irrecoverable amounts.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
1
.
5.
Debtors
|
30 Sep 25 |
|
£ |
|
Other debtors |
8,380 |
|
------- |
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6.
Creditors:
amounts falling due within one year
|
30 Sep 25 |
|
£ |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
508,330 |
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Amounts owed to related parties |
200,000 |
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Other creditors |
2,243 |
|
--------- |
|
710,573 |
|
--------- |
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|
7.
Creditors:
amounts falling due after more than one year
|
30 Sep 25 |
|
£ |
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Other loans |
191,878 |
|
--------- |
|
|
8.
Securities
There is a legal charge, incorporating a fixed and floating charge, over the properties and assets owned by the company and its parent undertaking.
9.
Called up share capital
Issued, called up and fully paid
|
30 Sep 25 |
|
No. |
£ |
|
Ordinary shares of £ 1 each |
100 |
100 |
|
---- |
---- |
|
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|
The whole ordinary share capital was issued, at par, upon incorporation of the company on 18 September 2024.
10.
Related party transactions
The company has taken advantage of the exemption conferred by FRS 102 S33.1A, removing the requirement to disclose transactions between wholly owned group members. During the year the company received interest free loans from related parties. The balances outstanding due from/(to) related parties at 30 September 2025 are as follows: | | 2025 |
| | £ |
| Amounts owed from/(to) entities which hold a controlling interest | (508,331) |
| Amounts owed from/(to) related parties | (200,000) |
| | |
Outstanding balances are unsecured, interest free and repayable on demand.
11.
Controlling party
Aspire Property (Chesterfield) Limited
is the 100% subsidiary of Ace Developments (Chesterfield) Limited, a company registered in England and Wales.