Company registration number 15013751 (England and Wales)
ASPER PROPERTY (STOURBRIDGE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
ASPER PROPERTY (STOURBRIDGE) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 9
ASPER PROPERTY (STOURBRIDGE) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
1,500,000
1,300,000
Current assets
Debtors
59,335
5,140
Cash at bank and in hand
5,839
116
65,174
5,256
Creditors: amounts falling due within one year
(30,157)
(20,021)
Net current assets/(liabilities)
35,017
(14,765)
Total assets less current liabilities
1,535,017
1,285,235
Creditors: amounts falling due after more than one year
4
(1,150,000)
(1,150,000)
Provisions for liabilities
(69,661)
(25,058)
Net assets
315,356
110,177
Capital and reserves
Called up share capital
5
100
100
Other reserves
208,983
75,175
Profit and loss reserves
106,273
34,902
Total equity
315,356
110,177
ASPER PROPERTY (STOURBRIDGE) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 8 July 2026 and are signed on its behalf by:
Mr C L London
Director
Company registration number 15013751 (England and Wales)
ASPER PROPERTY (STOURBRIDGE) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
Share capital
Other reserves
Profit and loss reserves
Total
£
£
£
£
Balance at 19 July 2023
100
-
-
0
100
Period ended 31 December 2024:
Profit and total comprehensive income
-
-
110,077
110,077
Transfers
-
75,175
(75,175)
-
Balance at 31 December 2024
100
75,175
34,902
110,177
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
205,179
205,179
Transfers
-
133,808
(133,808)
-
Balance at 31 December 2025
100
208,983
106,273
315,356
ASPER PROPERTY (STOURBRIDGE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
1
Accounting policies
Company information

Asper Property (Stourbridge) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Office 5 The Row, 1 Hanbury Street, Droitwich, Worcestershire, WR9 8PL.

1.1
Reporting period

In the previous period the company extended the accounting reference date and the financial reporting period was for 17 months and 13 days.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Revenue

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

ASPER PROPERTY (STOURBRIDGE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

ASPER PROPERTY (STOURBRIDGE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
ASPER PROPERTY (STOURBRIDGE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
3
Investment property
2025
£
Fair value
At 1 January 2025
1,300,000
Additions
21,590
Revaluations
178,410
At 31 December 2025
1,500,000

Investment properties were valued by the directors at 31 December 202 5 at £1,500,000 using their knowledge of the market with reference of transaction prices for similar properties.

The comparable historical cost of investment properties included at valuation is £1,221,356 (2024: £1,199,766).

4
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
1,150,000
1,150,000
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100

On 19 July 2023, the company was incorporated with 100 £1 Ordinary shares issued at par for cash.

ASPER PROPERTY (STOURBRIDGE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
6
Related party transactions
Related Businesses
The following businesses are related parties of Asper Property (Stourbridge) Limited:
Name of business
Nature of relationship
Asper Property Group Limited
C L London, a director of Asper Property (Stourbridge) Limited, is a director and shareholder of Asper Property Group Limited.
Asper Property Limited
C L London, a director of Asper Property (Stourbridge) Limited, is a director and shareholder of Asper Property Limited through his ownership of Asper Property Group Limited.
Baby Blythe Investments
Baby Blythe Investments owns 49% of the issued share capital of Asper Property (Stourbridge) Limited.
Bestfield Investments
Bestfield Investments owns 49% of the issued share capital of Asper Property (Stourbridge) Limited.
Arto Property Maintenance Limited
C L London, a director of Asper Property (Stourbridge) Limited, is a director and shareholder of Arto Property Maintenance Limited through his ownership of Asper Property Group Limited.
Asper Property (Earlswood) Limited
C L London, a director of Asper Property (Stourbridge) Limited, is a director and shareholder of Asper Property (Earlswood) Limited through his ownership of Asper Property Group Limited.
APM Services (Midlands) Limited
C L London, a director of Asper Property (Stourbridge) Limited, is a director and shareholder of APM Services (Midlands) Limited through his ownership of Asper Property Group Limited.
and the following transactions took place with these businesses during the year:
Name of business
Nature of
Balance due
transaction
Amount
(to)/from Other
Party
Asper Property Group Limited
Management fee to
36,000
-
Asper Property Limited
Ongoing loan
35,878
33,622
Blythe Investments
Loan from
-
(575,000)
Bestfield Investments
Loan from
-
(575,000)
Arto Property Maintenance Limited
Purchases from
5,425
-
Asper Property (Earlswood) Limited
Ongoing loan
(550)
550
ASPER PROPERTY (STOURBRIDGE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6
Related party transactions
(Continued)
- 9 -
APM Services (Midlands) Limited
Rent received
(65,093)
-
Service charge received
(1,008)
-
All Related Party Transactions
There are no provisions against any of the amounts owing at the year end and no amounts have been written off in respect of these transactions during the year.
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