ACCOUNTS - Final Accounts preparation

Company registration number: 06620325

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2026

	ASPEN ESTATE AGENTS LIMITED


ASPEN ESTATE AGENTS LIMITED

COMPANY INFORMATION

Directors	D Hooper
	M Hooper


Registered number	06620325


Registered office	10 St. Judes Road
	Englefield Green
	Egham
	TW20 0BY


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


ASPEN ESTATE AGENTS LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 7


ASPEN ESTATE AGENTS LIMITED REGISTERED NUMBER:06620325

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Intangible assets	4		131,140		196,711
Tangible assets	5		694,300		912,040
Investment property	6		600,000		220,000
			1,425,440		1,328,751
Current assets
Debtors: amounts falling due within one year	7	207,267		162,191
Cash at bank and in hand		133,655		59,195
		340,922		221,386
Creditors: amounts falling due within one year	8	(608,831)		(581,330)
Net current liabilities			(267,909)		(359,944)
Total assets less current liabilities			1,157,531		968,807
Creditors: amounts falling due after more than one year	9		(642,553)		(648,644)
Provisions for liabilities
Deferred tax		(26,060)		-
			(26,060)		-
Net assets			488,918		320,163

Capital and reserves
Called up share capital	2	2
Profit and loss account	488,916	320,161
	488,918	320,163

Page 1


ASPEN ESTATE AGENTS LIMITED REGISTERED NUMBER:06620325

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

D Hooper

Director

Date: 8 July 2026

The notes on pages 3 to 7 form part of these financial statements.

Page 2


ASPEN ESTATE AGENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Aspen Estate Agents Limited 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 and principal place of business is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Revenue

Turnover represents commissions and fees earned excluding value added tax.

2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Page 3


ASPEN ESTATE AGENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	2%	straight line
Motor vehicles	-	25%	on straight line and 50% on straight line
Computer equipment	-	33%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2.7

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 22 (2025 - 16).

Page 4


ASPEN ESTATE AGENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 April 2025	327,853
	At 31 March 2026	327,853
	Amortisation
	At 1 April 2025	131,142
	Charge for the year on owned assets	65,571
	At 31 March 2026	196,713
	Net book value
	At 31 March 2026	131,140
	At 31 March 2025	196,711

Page 5


ASPEN ESTATE AGENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

5.	Tangible fixed assets

	Freehold property	Motor vehicles	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2025	940,000	32,417	11,019	7,650	991,086
Reclassification of Investment property	(200,000)	-	-	-	(200,000)
At 31 March 2026	740,000	32,417	11,019	7,650	791,086
Depreciation
At 1 April 2025	34,900	27,097	11,019	6,030	79,046
Charge for the year on owned assets	14,800	5,320	-	1,620	21,740
Depreciation adjustment on reclassification	(4,000)	-	-	-	(4,000)
At 31 March 2026	45,700	32,417	11,019	7,650	96,786
Net book value
At 31 March 2026	694,300	-	-	-	694,300
At 31 March 2025	905,100	5,320	-	1,620	912,040

6.	Investment property

		Investment property
		£
	Valuation
	At 1 April 2025	220,000
	Additions at cost	44,401
	Surplus on revaluation	135,599
	Reclassification from fixed assets	200,000
	At 31 March 2026	600,000

The 2026 valuations were made by the directors, on an open market value for existing use basis.

Page 6


ASPEN ESTATE AGENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Debtors

					2026	2025
					£	£


Trade debtors	30,307	80,127
Amounts owed by group undertakings	1	78,797
Other debtors	176,700	2,200
Prepayments and accrued income	259	1,067
	207,267	162,191

8.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank loans	103,976	75,897
Trade creditors	22,979	7,484
Corporation tax	23,041	49,434
Other taxation and social security	42,047	56,834
Other creditors	413,938	388,531
Accruals and deferred income	2,850	3,150
	608,831	581,330

The bank loan is secured over Freehold Property through a fixed and floating charge, and a debenture held against the assets of Aspen Estate Agents Limited.

9.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	642,553	648,644
	642,553	648,644

The bank loan is secured over Freehold Property through a fixed and floating charge, and a debenture held against the assets of Aspen Estate Agents Limited.

10.	Transactions with the directors
	At the year end an amount of £Nil (2025 - £251,000) was due to the directors. No interest has been applied to this balance in the year.

Page 7