ASPEN CORPORATION LIMITED
|
Registered number: |
03881620
|
Balance Sheet |
as at 31 July 2020
|
|
Notes |
|
|
2020 |
|
|
2019 |
£ |
£ |
Fixed assets |
Investments |
3 |
|
|
- |
|
|
1 |
|
Current assets |
Cash at bank and in hand |
|
|
- |
|
|
136,116 |
|
Creditors: amounts falling due within one year |
4 |
|
- |
|
|
(17,864) |
|
Net current assets |
|
|
|
- |
|
|
118,252 |
|
Net assets |
|
|
|
- |
|
|
118,253 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(100) |
|
|
118,153 |
|
Shareholders' funds |
|
|
|
- |
|
|
118,253 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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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.
|
|
|
|
P G Thakrar |
Director |
Approved by the board on 6 August 2020
|
|
ASPEN CORPORATION LIMITED
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Notes to the Accounts |
for the period from 1 April 2019 to 31 July 2020
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
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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) and with Companies Act 2006.
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
|
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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|
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
|
|
|
2 |
Employees |
2020 |
|
2019 |
Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
5 |
|
|
|
|
|
|
|
|
|
|
3 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
|
Cost |
|
At 1 April 2019 |
1 |
|
Disposals |
(1) |
|
|
At 31 July 2020 |
- |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 April 2019 |
1 |
|
At 31 July 2020 |
- |
|
|
|
|
|
|
|
|
|
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The investment represents 75% shareholding in Church Hill Estates Limited (incorporated in England). The company was voluntarily liquidated during the period. |
|
4 |
Creditors: amounts falling due within one year |
2020 |
|
2019 |
£ |
£ |
|
|
Corporation tax |
- |
|
15,807 |
|
Other creditors and accruals |
- |
|
2,057 |
|
|
|
|
|
|
- |
|
17,864 |
|
|
|
|
|
|
|
|
|
5 |
Other information |
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ASPEN CORPORATION LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Suite 4 |
|
Carlton Chambers |
|
5-6 Station Road |
|
Shortlands, Bromley, Kent |
|
BR2 0EY |