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REGISTERED NUMBER: 11169956 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

AKA RESIDENCES LIMITED

AKA RESIDENCES LIMITED (Registered number: 11169956)






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


AKA RESIDENCES LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Miss K Horler
A J Nicholls
Ms A F Middleton





REGISTERED OFFICE: 16 Sentinel Court
Cardiff
CF5 3BF





REGISTERED NUMBER: 11169956 (England and Wales)





ACCOUNTANTS: Cambrian & Co Ltd
13A Victoria Gardens
Neath
West Glamorgan
SA11 3AY

AKA RESIDENCES LIMITED (Registered number: 11169956)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 630,599 630,599

CURRENT ASSETS
Debtors 5 336 336
Cash at bank 1,743 1,132
2,079 1,468
CREDITORS
Amounts falling due within one year 6 148,228 144,582
NET CURRENT LIABILITIES (146,149 ) (143,114 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

484,450

487,485

CREDITORS
Amounts falling due after more than one
year

7

459,077

459,077
NET ASSETS 25,373 28,408

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 8 25,370 28,405
SHAREHOLDERS' FUNDS 25,373 28,408

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.

AKA RESIDENCES LIMITED (Registered number: 11169956)

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 16 October 2023 and were signed on its behalf by:




Ms A F Middleton - Director Miss K Horler - Director




A J Nicholls - Director


AKA RESIDENCES LIMITED (Registered number: 11169956)

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

1. STATUTORY INFORMATION

AKA RESIDENCES 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

AKA RESIDENCES LIMITED (Registered number: 11169956)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 630,599
NET BOOK VALUE
At 31 January 2023 630,599
At 31 January 2022 630,599

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 336 336

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Tax 845 3,909
Directors' current accounts 145,137 138,897
Accrued expenses 2,246 1,776
148,228 144,582

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Other loans more 5yrs non-inst 459,077 459,077

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 459,077 459,077

AKA RESIDENCES LIMITED (Registered number: 11169956)

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

8. RESERVES
Retained
earnings
£   

At 1 February 2022 28,405
Profit for the year 2,965
Dividends (6,000 )
At 31 January 2023 25,370

9. RELATED PARTY DISCLOSURES

The directors operated a loan account with the company. The balance of which is separately disclosed in the notes to these accounts. No interest is charged on the loans, which are repayable on demand. The directors have confirmed they will not seek repayment within the immediate 12 months of these accounts.

10. ULTIMATE CONTROLLING PARTY

The directors consider there to be no controlling party due to their equal shareholding.