Company Registration No. 14548090 (England and Wales)
42 The Esplanade Ltd
Unaudited accounts
for the year ended 31 December 2025
42 The Esplanade Ltd
Unaudited accounts
Contents
42 The Esplanade Ltd
Company Information
for the year ended 31 December 2025
Directors
Christopher John Henry
Christopher Paton
Company Number
14548090 (England and Wales)
Registered Office
40 WARTON TERRACE
NEWCASTLE UPON TYNE
TYNE AND WEAR
NE6 5LS
ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited
167-169 Great Portland Street
5th Floor
London
W1W 5PF
42 The Esplanade Ltd
Accountants' report
Accountants' report to the board of directors of 42 The Esplanade Ltd 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
42 The Esplanade Ltd 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 42 The Esplanade Ltd, 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 42 The Esplanade Ltd 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 42 The Esplanade Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 42 The Esplanade Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of 42 The Esplanade Ltd. You consider that 42 The Esplanade Ltd 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 42 The Esplanade Ltd. 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
22 June 2026
42 The Esplanade Ltd
Statement of financial position
as at 31 December 2025
Tangible assets
814,002
700,000
Cash at bank and in hand
567
3,349
Creditors: amounts falling due within one year
(20,636)
(36,931)
Net current assets/(liabilities)
162,864
(32,900)
Total assets less current liabilities
976,866
667,100
Creditors: amounts falling due after more than one year
(1,059,077)
(652,455)
Provisions for liabilities
Net (liabilities)/assets
(82,211)
10,960
Called up share capital
12
12
Revaluation reserve
85,895
85,895
Profit and loss account
(168,118)
(74,947)
Shareholders' funds
(82,211)
10,960
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. 14548090
42 The Esplanade Ltd
Notes to the Accounts
for the year ended 31 December 2025
42 The Esplanade Ltd is a private company, limited by shares, registered in England and Wales, registration number 14548090. The registered office is 40 WARTON TERRACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 5LS, 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:
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.
42 The Esplanade Ltd
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Land & buildings
At 31 December 2025
814,002
At 31 December 2025
814,002
At 31 December 2024
700,000
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
-
12,524
Other creditors
19,566
19,656
Loans from directors
50
50
7
Creditors: amounts falling due after more than one year
2025
2024
Amounts owed to group undertakings and other participating interests
3,547
3,047
Other creditors
1,055,530
649,408
Included in long term creditors is a SSAS loan secured on the investment property. A personal guarantee has been provided.
42 The Esplanade Ltd
Notes to the Accounts
for the year ended 31 December 2025
Aspire Group Holdings Ltd
40 Warton Terrace
Newcastle upon Tyne
Tyne and Wear
NE6 5LS
England
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).