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REGISTERED NUMBER: SC606216 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

A&E Property & Maintenance Ltd

A&E Property & Maintenance Ltd (Registered number: SC606216)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A&E Property & Maintenance Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs E F Paterson
A Paterson





REGISTERED OFFICE: 37 Carlaverock Crescent
Tranent
EH33 2DY





REGISTERED NUMBER: SC606216 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

A&E Property & Maintenance Ltd (Registered number: SC606216)

Balance Sheet
31 August 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 172,000 172,000

CURRENT ASSETS
Debtors 4 1,005 -
Cash at bank 4,176 2,885
5,181 2,885
CREDITORS
Amounts falling due within one year 5 576 552
NET CURRENT ASSETS 4,605 2,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,605

174,333

CREDITORS
Amounts falling due after more than one
year

6

183,950

183,131
NET LIABILITIES (7,345 ) (8,798 )

CAPITAL AND RESERVES
Called up share capital 100 -
Revaluation reserve 596 2,000
Retained earnings (8,041 ) (10,798 )
(7,345 ) (8,798 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

A&E Property & Maintenance Ltd (Registered number: SC606216)

Balance Sheet - continued
31 August 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 5 February 2024 and were signed on its behalf by:





Mrs E F Paterson - Director


A&E Property & Maintenance Ltd (Registered number: SC606216)

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

1. 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 as modified by the revaluation of certain assets.

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.

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.

Going concern
The continued trading of the company is dependent on the future support of the directors through their loan account. The directors have confirmed that they will continue to support the company throughout the coming year.
The accounts have therefore been prepared on the going concern basis.

2. EMPLOYEES AND DIRECTORS

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

A&E Property & Maintenance Ltd (Registered number: SC606216)

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

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 172,000
NET BOOK VALUE
At 31 August 2023 172,000
At 31 August 2022 172,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2019 (1,404 )
Valuation in 2020 2,000
Cost 171,404
172,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors 1,005 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Other creditors 576 552

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/23 31/8/22
£    £   
Bank loans 123,951 123,951
Other creditors 59,999 59,180
183,950 183,131

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 123,951 123,951

7. SECURED DEBTS

Charter Court Financial Services Limited hold standard securities over the investment property included within the financial statements.