H. ASPIRATIONS LIMITED - Filleted accounts

Registered number

04415945

H. ASPIRATIONS LIMITED

Filleted Accounts

31 March 2026

H. ASPIRATIONS LIMITED
Registered number:		04415945
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£

Fixed assets
Tangible assets	3		2,138			2,673
Investment property	4		5,510,676			5,398,296
			5,512,814			5,400,969

Current assets
Debtors	5	12,750			-
Cash at bank and in hand		23,682			16,772
		36,432			16,772

Creditors: amounts falling due within one year	6	(1,262,465)			(1,442,462)

Net current liabilities			(1,226,033)			(1,425,690)

Total assets less current liabilities			4,286,781			3,975,279

Creditors: amounts falling due after more than one year	7		(98,018)			(41,751)



Net assets			4,188,763			3,933,528

Capital and reserves
Called up share capital			100			100
Revaluation reserve	8		2,695,000			2,695,000
Profit and loss account			1,493,663			1,238,428

Shareholder's funds			4,188,763			3,933,528

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mazammal Hussain
Director
Approved by the director on 8 July 2026

H. ASPIRATIONS LIMITED
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from renting the investment property. Turnover is recognised on accrual basis. Advanced monthly rental invoices are issued to the tenants and recognised as revenue.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment			20% reducing balance method

	Investment properties
	Investment properties are properties held to earn rentals and/or for capital appreciation. The properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in revaluation reserves in the period in which they arise; and no depreciation is provided in respect of investment properties applying the fair value model. Investment property fair value is determined by the director based on his understanding of property market conditions and derived from 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 assets.

	Borrowing costs
	All borrowing costs are recognised in profit or loss in the period in which they are incurred.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£

	Cost
	At 1 April 2025	-		12,226		3,750		15,976
	At 31 March 2026	-		12,226		3,750		15,976

	Depreciation
	At 1 April 2025	-		9,553		3,750		13,303
	Charge for the year	-		535		-		535
	At 31 March 2026	-		10,088		3,750		13,838

	Net book value
	At 31 March 2026	-		2,138		-		2,138
	At 31 March 2025	-		2,673		-		2,673


4	Investment properties

Investment
property
£
	Cost
	At 1 April 2025							5,398,296
	Additions							112,380

	At 31 March 2026							5,510,676

	The company's investment properties were valued by the director based on his understanding of property market conditions and derived from 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 assets.


5	Debtors					2026		2025
£							£

	Trade debtors					7,750		-
	Other debtors					5,000		-
						12,750		-


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					40,560		167,802
	Taxation and social security costs					85,251		70,333
	Other creditors					1,136,654		1,204,327
						1,262,465		1,442,462


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					98,018		41,751

	Bank loans are secured on the properties.


8	Revaluation reserve					2026		2025
£							£

	At 1 April 2025					2,695,000		-
	Gain on revaluation of land and buildings					-		2,695,000

	At 31 March 2026					2,695,000		2,695,000


9	Related party transactions

	Director salary is declared in the accounts.


10	Other information

	H. ASPIRATIONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	22 Upney Lane
	Barking
	Essex