IRIS Accounts Production v23.3.0.418 SC492609 director 1.1.22 30.12.22 30.12.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4926092021-12-31SC4926092022-12-30SC4926092022-01-012022-12-30SC4926092020-12-31SC4926092021-01-012021-12-31SC4926092021-12-31SC492609ns10:Originalns15:Scotland2022-01-012022-12-30SC492609ns14:PoundSterlingns10:Original2022-01-012022-12-30SC492609ns10:Originalns10:Director12022-01-012022-12-30SC492609ns10:Original2022-01-012022-12-30SC492609ns10:Original2022-12-30SC492609ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-30SC492609ns10:Originalns10:SmallEntities2022-01-012022-12-30SC492609ns10:Originalns10:AuditExempt-NoAccountantsReport2022-01-012022-12-30SC492609ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-30SC492609ns10:Originalns10:FullAccounts2022-01-012022-12-30SC492609ns10:Originalns10:RegisteredOffice2022-01-012022-12-30SC492609ns10:Original2021-12-31SC492609ns10:Originalns5:CurrentFinancialInstruments2022-12-30SC492609ns10:Originalns5:CurrentFinancialInstruments2021-12-31SC492609ns10:Originalns5:Non-currentFinancialInstruments2022-12-30SC492609ns10:Originalns5:Non-currentFinancialInstruments2021-12-31SC492609ns5:ShareCapitalns10:Original2022-12-30SC492609ns5:ShareCapitalns10:Original2021-12-31SC492609ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-30SC492609ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-31SC492609ns10:Originalns5:ComputerEquipment2022-01-012022-12-30SC492609ns10:Original2021-01-012021-12-31SC492609ns10:Originalns5:ComputerEquipment2021-12-31SC492609ns10:Originalns5:ComputerEquipment2022-12-30SC492609ns10:Originalns5:ComputerEquipment2021-12-31SC492609ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-30SC492609ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-31SC492609ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-30SC492609ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2021-12-31
REGISTERED NUMBER: SC492609 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2022 TO 30 DECEMBER 2022

FOR

A.I.M PROPERTY DEVELOPMENTS LIMITED

A.I.M PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC492609)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.I.M PROPERTY DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022







DIRECTOR: M McGraw





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC492609 (Scotland)





ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

A.I.M PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC492609)

BALANCE SHEET
30 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,046 234

CURRENT ASSETS
Stocks 5 25,496 20,374
Debtors 6 39,230 50,163
Cash at bank 56,747 3,818
121,473 74,355
CREDITORS
Amounts falling due within one year 7 101,762 61,873
NET CURRENT ASSETS 19,711 12,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,757

12,716

CREDITORS
Amounts falling due after more than one
year

8

16,916

23,916
NET ASSETS/(LIABILITIES) 3,841 (11,200 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,741 (11,300 )
SHAREHOLDERS' FUNDS 3,841 (11,200 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

A.I.M PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC492609)

BALANCE SHEET - continued
30 DECEMBER 2022


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 director and authorised for issue on 3 November 2023 and were signed by:





M McGraw - Director


A.I.M PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC492609)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022

1. STATUTORY INFORMATION

A.I.M Property Developments Limited is a private company, limited by shares , registered in Scotland. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on a straight line basis

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - 1 ) .

A.I.M PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC492609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2022 2,839
Additions 1,391
At 30 December 2022 4,230
DEPRECIATION
At 1 January 2022 2,605
Charge for period 579
At 30 December 2022 3,184
NET BOOK VALUE
At 30 December 2022 1,046
At 31 December 2021 234

5. STOCKS
2022 2021
£    £   
Stocks 13,496 10,374
Work-in-progress 12,000 10,000
25,496 20,374

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 39,230 31,263
Other debtors - 18,900
39,230 50,163

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 7,000 7,000
Trade creditors 3,730 7,193
Tax 4,887 26,675
Social security and other taxes 24,575 5,484
VAT 57,594 7,855
Directors' current accounts 15 5,707
Accrued expenses 3,961 1,959
101,762 61,873

A.I.M PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC492609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 16,916 23,916