REGISTERED NUMBER: 09929655 (England and Wales)

ASPECT PROPERTIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M C Pogson

K E Pogson

REGISTERED OFFICE:

15 Holly Road North

Wilmslow

SK9 1LX

REGISTERED NUMBER:

09929655 (England and Wales)

ACCOUNTANTS:

UHY BPR Heaton

Chartered Accountants

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

FIXED ASSETS

Tangible assets

4

12,691

14,931

Investment property

5

1,495,760

1,495,760

1,508,451

1,510,691

CURRENT ASSETS

Debtors

6

280,422

1,080

Cash at bank

3,816

9,125

284,238

10,205

CREDITORS

Amounts falling due within one year

7

(474,757

)

(296,967

)

NET CURRENT LIABILITIES

(190,519

)

(286,762

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,317,932

1,223,929

CREDITORS

Amounts falling due after more than one year

8

-

(116,078

)

PROVISIONS FOR LIABILITIES

(17,465

)

(17,989

)

NET ASSETS

1,300,467

1,089,862

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

68,454

68,454

Retained earnings

1,231,913

1,021,308

SHAREHOLDERS' FUNDS

1,300,467

1,089,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 14 July 2026 and were signed on its behalf by:

M C Pogson - Director

1.	STATUTORY INFORMATION

Aspect Properties 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 presentation currency of the financial statements is the Pound Sterling (£).

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 rental income and service charges receivable from property, net of VAT.

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

-

15% on reducing balance

Investment property

Investment property was revalued to its market value at the accounting date based on the professional valuation obtained dated 25 June 2025.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors and trade creditors.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

32,537

DEPRECIATION

At 1 April 2025

17,606

Charge for year

2,240

At 31 March 2026

19,846

NET BOOK VALUE

At 31 March 2026

12,691

At 31 March 2025

14,931

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,495,760

NET BOOK VALUE

At 31 March 2026

1,495,760

At 31 March 2025

1,495,760

Investment property was revalued to the market value at the accounting date based on the valuation dated 25 June 2025 carried out by Jowett Chartered Surveyors and Estate Agents.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

280,422

1,080

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

400,000

34,700

Taxation and social security

72,357

79,387

Other creditors

2,400

182,880

474,757

296,967

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

-

116,078

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

400,000

34,700

National Westminster Bank PLC has a fixed charge over the properties at 430 Bradley Road, Huddersfield, 3 Paddock Close, Skelmanthorpe and 45 Buttermere Drive, Huddersfield.

The loan was repaid after the balance sheet date but before the date the financial statements were approved.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2025

and 31 March 2026

68,454

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

M C Pogson and K E Pogson

Balance outstanding at start of year

-

-

Amounts advanced

273,912

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

273,912

-

Interest is being charged at the H M Revenue and Customs official rate. The loan was repaid on 14 July 2026.