ACCOUNTS - Final Accounts preparation

Registered number: 03721474

ASPIRE GLOBAL NETWORK LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 DECEMBER 2025

ASPIRE GLOBAL NETWORK LIMITED

REGISTERED NUMBER: 03721474

BALANCE SHEET

AS AT 30 DECEMBER 2025

		As restated
	2025	2024
Note	£	£

Fixed assets
Investments	4		67,877		67,877
			67,877		67,877
Current assets
Debtors: amounts falling due within one year	5	499,862		108,998
Cash at bank and in hand		-		96
		499,862		109,094
Creditors: amounts falling due within one year	6	(634,934)		(145,960)
Net current liabilities			(135,072)		(36,866)
Total assets less current liabilities			(67,195)		31,011

Net (liabilities)/assets			(67,195)		31,011

Capital and reserves
Called up share capital	7	1,111	1,111
Share premium account	8	29,900	29,900
Profit and loss account	8	(98,206)	-
		(67,195)	31,011

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ASPIRE GLOBAL NETWORK LIMITED

REGISTERED NUMBER: 03721474

BALANCE SHEET (CONTINUED)

AS AT 30 DECEMBER 2025

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.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with 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 25 September 2026.

T J Payne

Director

The notes on pages 3 to 7 form part of these financial statements.

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ASPIRE GLOBAL NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

1.	General information

Aspire Global Network Limited is a private limited liability company, limited by shares, incorporated in England and Wales and domiciled in England.

The registered office is C/O 1st Floor Office, 54-56 Hagley Road, Stourbridge, West Midlands, United Kingdom, DY8 1QD.. The company's registered number is 03721474.

2.Accounting policies

2.1

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 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Borrowing costs

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

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ASPIRE GLOBAL NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.7

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.

2.8

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.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, 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.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

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ASPIRE GLOBAL NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 31 December 2024	67,877
	At 30 December 2025	67,877

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ASPIRE GLOBAL NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

Debtors

						As restated
					2025	2024
					£	£


Other debtors	499,862	108,998
	499,862	108,998

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

Bank overdrafts	342	-
Trade creditors	61	61
Amounts owed to group undertakings	503,442	145,899
Corporation tax	131,089	-
	634,934	145,960

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

111,100 (2024 - 111,100) Ordinary shares of £0.01 each	1,111	1,111

Reserves

Share premium account

This reserve records the amount received in respect of share capital in excess of the nominal value of the shares.

Profit and loss account

Profit and loss account reserve relates to accumulated profits less distributions to shareholders. This reserve is distributable.

9.	Prior year adjustment

A prior year adjustment has been made to correct the recognition of dividends which has increased the directors loan account by £138,998. There has been no impact on the profit or loss.

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ASPIRE GLOBAL NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

10.	Director transactions
	During the year the directors received a loan from the company. As at 31 December 2025 the balance outstanding from the directors was £499,862 (2024 - £108,998). Interest is charged at a rate of 3.75% (2024- 2.25%) per annum on the average balance and the loan is repayable on demand.

11.	Controlling party

Aspire Global Network EOT Limited is regarded by the directors as being the company's ultimate parent company.

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