ACCOUNTS - Final Accounts preparation

Registered number: NI053092

Aspect Homes (NI) Limited

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 November 2025

Aspect Homes (NI) Limited

Registered number: NI053092

Balance Sheet

As at 30 November 2025

		2025		2024
		£		£


Fixed assets		141,516		141,531
Current assets	11,698		11,698
Creditors: amounts falling due within one year	(113,338)		(111,529)
Net current liabilities		(101,640)		(99,831)
Total assets less current liabilities		39,876		41,700
Creditors: amounts falling due after more than one year		-		(1)

Net assets		39,876		41,699


Capital and reserves	39,876	41,699

Notes

Average number of employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Directors' confirmations

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.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the 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 on 12 May 2026.

Stephen Villiers

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

Aspect Homes (NI) Limited

Notes to the Financial Statements

For the Year Ended 30 November 2025

1.Accounting policies

1.1

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 Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

1.2

Going concern

The Directors have reviewed the resources available to the company and believe that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

1.3

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings

15%

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.

1.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

1.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

Aspect Homes (NI) Limited

Notes to the Financial Statements

For the Year Ended 30 November 2025

1.Accounting policies (continued)

1.6

Creditors

Short-term creditors are measured at transaction price. Other financial liabilites, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.	Debtors
		2025	2024
		£	£

Due after more than one year
Other debtors	11,411	11,411
	11,411	11,411

3.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	287	287
	287	287

4.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to other participating interests	2,149	-
Other creditors	109,041	109,039
Accruals and deferred income	2,148	2,490
	113,338	111,529

Page 3

Aspect Homes (NI) Limited

Notes to the Financial Statements

For the Year Ended 30 November 2025

5.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

Page 4