Aspire Midlands North Limited

Aspire Midlands North Limited

ASPIRE MIDLANDS NORTH LIMITED - Company Information

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1 January 2022 false Taxfiler 2023.8 12865170business:PrivateLimitedCompanyLtd2022-01-012022-12-31 128651702021-12-31 128651702022-01-012022-12-31 12865170business:AuditExemptWithAccountantsReport2022-01-012022-12-31 12865170business:FilletedAccounts2022-01-012022-12-31 128651702022-12-31 12865170business:Director12022-01-012022-12-31 12865170business:Director22022-01-012022-12-31 12865170business:Director32022-01-012022-12-31 12865170business:Director42022-01-012022-12-31 12865170business:RegisteredOffice2022-01-012022-12-31 128651702021-12-31 12865170core:WithinOneYear2022-12-31 12865170core:WithinOneYear2021-12-31 12865170core:AfterOneYear2022-12-31 12865170core:AfterOneYear2021-12-31 12865170core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 12865170core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 12865170core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 12865170core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 12865170core:PreviouslyStatedAmount2022-12-31 12865170core:PreviouslyStatedAmount2021-12-31 12865170business:SmallEntities2022-01-012022-12-31 12865170countries:EnglandWales2022-01-012022-12-31 12865170core:FurnitureFittings2022-01-012022-12-31 12865170core:FurnitureFittings2021-12-31 12865170core:FurnitureFittings2022-12-31 12865170core:MoreThanFiveYears2022-12-31 12865170core:MoreThanFiveYears2021-12-31 128651702021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 12865170 (England and Wales)
Aspire Midlands North Limited Unaudited accounts for the year ended 31 December 2022
Aspire Midlands North Limited Unaudited accounts Contents
Page
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Aspire Midlands North Limited Company Information for the year ended 31 December 2022
Directors
Katherin Amy Betts Christopher John Henry Jonathan Keir Lindsey Christoper Paton
Company Number
12865170 (England and Wales)
Registered Office
Clavering House Clavering Place NEWCASTLE UPON TYNE Tyne and Wear NE1 3NG United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Aspire Midlands North Limited Accountants' report
Accountants' report to the board of directors of Aspire Midlands North Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aspire Midlands North Limited for the year ended 31 December 2022 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 Aspire Midlands North Limited, 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 Aspire Midlands North Limited 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 Aspire Midlands North Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Aspire Midlands North Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Aspire Midlands North Limited. You consider that Aspire Midlands North Limited 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 Aspire Midlands North Limited. 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 First Floor 85 Great Portland Street London W1W 7LT 8 June 2023
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Aspire Midlands North Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
4,000 
5,000 
Investment property
5
367,000 
306,170 
371,000 
311,170 
Current assets
Debtors
6
39 
- 
Cash at bank and in hand
3,245 
1,635 
3,284 
1,635 
Creditors: amounts falling due within one year
7
(110,244)
(73,833)
Net current liabilities
(106,960)
(72,198)
Total assets less current liabilities
264,040 
238,972 
Creditors: amounts falling due after more than one year
8
(265,781)
(271,136)
Net liabilities
(1,741)
(32,164)
Capital and reserves
Called up share capital
30 
30 
Profit and loss account
(1,771)
(32,194)
Shareholders' funds
(1,741)
(32,164)
For the year ending 31 December 2022 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 10 August 2023 and were signed on its behalf by
Jonathan Keir Lindsey Director Company Registration No. 12865170
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Aspire Midlands North Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Aspire Midlands North Limited is a private company, limited by shares, registered in England and Wales, registration number 12865170. The registered office is Clavering House, Clavering Place, NEWCASTLE UPON TYNE, Tyne and Wear, NE1 3NG, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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:
Fixtures & fittings
20% on cost
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Aspire Midlands North Limited Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2022
5,000 
At 31 December 2022
5,000 
Depreciation
Charge for the year
1,000 
At 31 December 2022
1,000 
Net book value
At 31 December 2022
4,000 
At 31 December 2021
5,000 
5
Investment property
2022 
£ 
Fair value at 1 January 2022
306,170 
Additions
(1,313)
Net gain from fair value adjustments
62,143 
At 31 December 2022
367,000 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
39 
- 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Other creditors
109,344 
68,144 
Loans from directors
- 
4,789 
Accruals
900 
900 
110,244 
73,833 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
265,781 
- 
Other creditors
- 
271,136 
265,781 
271,136 
Aggregate of amounts that fall due for payment after five years
265,781 
- 
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Aspire Midlands North Limited Notes to the Accounts for the year ended 31 December 2022
9
Transactions with related parties
Included in current liabilities are loans of £109,344 (2021 - £46,744) from related companies. The loans are interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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