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Company Registration No. 11159764 (England and Wales)
AIB Property Developments Limited Unaudited accounts for the year ended 31 January 2024
AIB Property Developments Limited Unaudited accounts Contents
Page
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AIB Property Developments Limited Company Information for the year ended 31 January 2024
Directors
Andrzej Bugajski Ilona Bugajska
Company Number
11159764 (England and Wales)
Registered Office
70-72 BOTTOM BOAT ROAD STANLEY WAKEFIELD WF3 4AX UNITED KINGDOM
Accountants
Antony Wilson 12 Thirlmere Road Flanshaw Estate Wakefield West Yorkshire WF2 9EP
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AIB Property Developments Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
359,881 
359,881 
Current assets
Cash at bank and in hand
47,014 
34,031 
Creditors: amounts falling due within one year
(94,434)
(94,457)
Net current liabilities
(47,420)
(60,426)
Total assets less current liabilities
312,461 
299,455 
Creditors: amounts falling due after more than one year
(257,605)
(257,605)
Net assets
54,856 
41,850 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
54,756 
41,750 
Shareholders' funds
54,856 
41,850 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by
Andrzej Bugajski Director Company Registration No. 11159764
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AIB Property Developments Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
AIB Property Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 11159764. The registered office is 70-72 BOTTOM BOAT ROAD, STANLEY, WAKEFIELD, WF3 4AX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2023
359,881 
At 31 January 2024
359,881 
Depreciation
At 31 January 2024
- 
Net book value
At 31 January 2024
359,881 
At 31 January 2023
359,881 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,051 
3,074 
Loans from directors
91,383 
91,383 
94,434 
94,457 
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AIB Property Developments Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
257,605 
257,605 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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