Company registration number 10523918 (England and Wales)
ASPIRE 38 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
PAGES FOR FILING WITH REGISTRAR
ASPIRE 38 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ASPIRE 38 LIMITED
BALANCE SHEET
AS AT
30 JUNE 2022
30 June 2022
- 1 -
2022
2021
as restated
Notes
£
£
£
£
Current assets
Debtors
3
453,629
463,099
Cash at bank and in hand
29,109
18,893
482,738
481,992
Creditors: amounts falling due within one year
4
(407,032)
(404,452)
Net current assets
75,706
77,540
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
75,606
77,440
Total equity
75,706
77,540
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 9 March 2023 and are signed on its behalf by:
Mr S P Gillies
Director
Company Registration No. 10523918
ASPIRE 38 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
- 2 -
1
Accounting policies
Company information
Aspire 38 Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
228 Bournemouth Road, Chandler's Ford, Eastleigh, Hampshire, United Kingdom, SO53 3AF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
1.2
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
profit and loss account
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
3
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
453,629
463,099
ASPIRE 38 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
- 3 -
4
Creditors: amounts falling due within one year
2022
2021
£
£
Other creditors
407,032
404,452
5
Related party transactions
The following amounts were outstanding at the reporting end date:
2022
2021
Amounts due to related parties
£
£
Amounts due from related parties
319,544
318,610
Amounts due to related parties
393,906
393,906
6
Parent company
The parent company of Aspire 38 Limited is Alchemist Residential Limited and its registered office is 228 Bournemouth Road, Chandler's Ford, Eastleigh, SO53 3AF.
7
Prior period adjustment
Reconciliation of changes in equity
1 July
30 June
2020
2021
£
£
Adjustments to prior year
Correction of Dividends
-
72,000
Equity as previously reported
85,576
5,540
Equity as adjusted
85,576
77,540
Analysis of the effect upon equity
Profit and loss reserves
72,000
Reconciliation of changes in loss for the previous financial period
2021
£
Total adjustments
-
Loss as previously reported
(8,036)
Loss as adjusted
(8,036)