REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 31 January 2023 |
for |
Aimtarn Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 31 January 2023 |
for |
Aimtarn Limited |
Aimtarn Limited (Registered number: 01328452) |
Contents of the Financial Statements |
For The Year Ended 31 January 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Aimtarn Limited |
Company Information |
For The Year Ended 31 January 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
276 Preston Road |
Harrow |
Middlesex |
HA3 0QA |
Aimtarn Limited (Registered number: 01328452) |
Balance Sheet |
31 January 2023 |
31/1/23 | 31/1/22 |
Notes | £ | £ |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Aimtarn Limited (Registered number: 01328452) |
Notes to the Financial Statements |
For The Year Ended 31 January 2023 |
1. | STATUTORY INFORMATION |
Aimtarn Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Financial instruments |
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. |
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
Creditors |
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. |
Going concern |
The financial statements have been prepared under the going concern basis as the directors believe that they have enough resources to support the current operation as an investment company. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
Aimtarn Limited (Registered number: 01328452) |
Notes to the Financial Statements - continued |
For The Year Ended 31 January 2023 |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/1/23 | 31/1/22 |
£ | £ |
Other creditors |
5. | RELATED PARTY DISCLOSURES |
Included in creditors is an amount due to director £101,042.00 (2022: £100,556). The outstanding loan due is interest free and payable on demand. |
6. | FREEHOLD INTEREST |
The company has a freehold interest in a property from which it receives ground rent. As there is no cost attached to this investment it is not shown in the balance sheet. |