Company Registration No. 12865170 (England and Wales)
Aspire Midlands North Limited
Unaudited accounts
for the year ended 31 December 2025
Aspire Midlands North Limited
Unaudited accounts
Contents
Aspire Midlands North Limited
Company Information
for the year ended 31 December 2025
Directors
Katherine Amy Betts
Christopher John Henry
Jonathan Keir Lindsey
Christoper Paton
Company Number
12865170 (England and Wales)
Registered Office
40 Warton Terrace
Newcastle upon Tyne
Tyne and Wear
NE6 5BS
England
Accountants
RAE Business Services (Yorkshire) Limited
167-169 Great Portland Street
5th Floor
London
W1W 5PF
Aspire Midlands North Limited
Accountants' report
Accountants' report to the board of directors of Aspire Midlands North Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Aspire Midlands North Limited for the year ended
31 December 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Aspire Midlands North Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Aspire Midlands North Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aspire Midlands North Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Aspire Midlands North Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Aspire Midlands North Limited. You consider that Aspire Midlands North Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Aspire Midlands North Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
167-169 Great Portland Street
5th Floor
London
W1W 5PF
24 June 2026
Aspire Midlands North Limited
Statement of financial position
as at 31 December 2025
Tangible assets
1,000
2,000
Investment property
379,000
378,000
Cash at bank and in hand
3,661
5,979
Creditors: amounts falling due within one year
(720)
(92,804)
Net current assets/(liabilities)
2,941
(86,825)
Total assets less current liabilities
382,941
293,175
Creditors: amounts falling due after more than one year
(348,121)
(265,781)
Called up share capital
30
30
Revaluation reserve
55,147
54,397
Profit and loss account
(20,357)
(27,033)
Shareholders' funds
34,820
27,394
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by
Christopher John Henry
Director
Company Registration No. 12865170
Aspire Midlands North Limited
Notes to the Accounts
for the year ended 31 December 2025
Aspire Midlands North Limited is a private company, limited by shares, registered in England and Wales, registration number 12865170. The registered office is 40 Warton Terrace, Newcastle upon Tyne, Tyne and Wear, NE6 5BS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Aspire Midlands North Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 January 2025
378,000
Net gain from fair value adjustments
1,000
At 31 December 2025
379,000
6
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
-
5,685
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
265,781
265,781
Amounts owed to group undertakings and other participating interests
48,284
-
Aggregate of amounts that fall due for payment after five years
265,781
265,781
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
8
Transactions with related parties
Included in long term liabilities are loans of £82,340 (2024 - £92,084) from related companies. The loans are interest-free and repayable on demand.
Aspire Midlands North Limited
Notes to the Accounts
for the year ended 31 December 2025
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).