IRIS Accounts Production v23.2.0.158 12406362 Board of Directors 1.2.22 31.1.23 31.1.23 0 0 false true false false true false Fair value model 584167 600369 303980 20000 4440 3798 284627 584167 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124063622022-01-31124063622023-01-31124063622022-02-012023-01-31124063622021-01-31124063622021-02-012022-01-31124063622022-01-3112406362ns10:Originalns15:EnglandWales2022-02-012023-01-3112406362ns14:PoundSterlingns10:Original2022-02-012023-01-3112406362ns10:Originalns10:Director12022-02-012023-01-3112406362ns10:Original2022-02-012023-01-3112406362ns10:Original2023-01-3112406362ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3112406362ns10:Originalns10:SmallEntities2022-02-012023-01-3112406362ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3112406362ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3112406362ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3112406362ns10:Originalns10:FullAccounts2022-02-012023-01-3112406362ns10:Original2021-02-012022-01-3112406362ns10:Original42ns10:Director22022-01-3112406362ns10:Original42ns10:Director22021-01-3112406362ns10:Original42ns10:Director22022-02-012023-01-3112406362ns10:Original42ns10:Director22021-02-012022-01-3112406362ns10:Original42ns10:Director22023-01-3112406362ns10:Original42ns10:Director22022-01-3112406362ns10:Originalns10:Director22022-02-012023-01-3112406362ns10:Originalns10:RegisteredOffice2022-02-012023-01-3112406362ns10:Original2022-01-3112406362ns10:Originalns5:CurrentFinancialInstruments2023-01-3112406362ns10:Originalns5:CurrentFinancialInstruments2022-01-3112406362ns10:Originalns5:Non-currentFinancialInstruments2023-01-3112406362ns10:Originalns5:Non-currentFinancialInstruments2022-01-3112406362ns5:ShareCapitalns10:Original2023-01-3112406362ns5:ShareCapitalns10:Original2022-01-3112406362ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3112406362ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3112406362ns10:Original2022-01-3112406362ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3112406362ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3112406362ns10:Original1ns10:Director12022-01-3112406362ns10:Original1ns10:Director12021-01-3112406362ns10:Original1ns10:Director12022-02-012023-01-3112406362ns10:Original1ns10:Director12021-02-012022-01-3112406362ns10:Original1ns10:Director12023-01-3112406362ns10:Original1ns10:Director12022-01-31
REGISTERED NUMBER: 12406362 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

AIG RE Limited

AIG RE Limited (Registered number: 12406362)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AIG RE Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Anisha Gani
Faruk Patel





REGISTERED OFFICE: 274 Central Park Road
England
E6 3AD





REGISTERED NUMBER: 12406362 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

AIG RE Limited (Registered number: 12406362)

Balance Sheet
31 January 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 543,061 543,061

CURRENT ASSETS
Debtors 5 280 -
Cash at bank 14,257 19,464
14,537 19,464
CREDITORS
Amounts falling due within one year 6 285,475 584,517
NET CURRENT LIABILITIES (270,938 ) (565,053 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,123

(21,992

)

CREDITORS
Amounts falling due after more than one
year

7

270,000

-
NET ASSETS/(LIABILITIES) 2,123 (21,992 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,121 (21,994 )
2,123 (21,992 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AIG RE Limited (Registered number: 12406362)

Balance Sheet - continued
31 January 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





Faruk Patel - Director


AIG RE Limited (Registered number: 12406362)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

AIG RE Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Rent is accounted for on a receivable basis.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
The total current liabilities exceed the total current assets of the company as at 31 January 2023. The directors have confirmed that the company will have continuous support from the creditors.

The directors are confident that the company has sufficient resources to trade as a going concern. It is for these reasons the accounts have been prepared as a going concern basis.

AIG RE Limited (Registered number: 12406362)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 543,061
NET BOOK VALUE
At 31 January 2023 543,061
At 31 January 2022 543,061

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Other debtors 280 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Taxation and social security 498 -
Other creditors 284,977 584,517
285,475 584,517

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/1/23 31/1/22
£    £   
Other creditors 270,000 -

AIG RE Limited (Registered number: 12406362)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31/1/23 31/1/22
£    £   
Faruk Patel and Anisha Gani
Balance outstanding at start of year (584,167 ) (600,369 )
Amounts advanced 303,980 20,000
Amounts repaid (4,440 ) (3,798 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (284,627 ) (584,167 )