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Registration number: 11479652

Aylescott Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Aylescott Holdings Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 4

 

Aylescott Holdings Limited

Company Information

Director

E Barroll Brown

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Aylescott Holdings Limited

Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

524,231

524,231

Current assets

 

Debtors

5

23,215

22,837

Cash at bank and in hand

 

21,610

73,189

 

44,825

96,026

Creditors: Amounts falling due within one year

6

(573,492)

(622,438)

Net current liabilities

 

(528,667)

(526,412)

Net liabilities

 

(4,436)

(2,181)

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

(5,436)

(3,181)

Shareholders' deficit

 

(4,436)

(2,181)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 3 April 2024
 

.........................................

E Barroll Brown

Director

Company registration number: 11479652

 

Aylescott Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of an investment holding company.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Going concern

At 31 December 2023 the company had net current liabilities of £528,667. At this date an amount of £570,992 was due to the director who has agreed not to call for repayment until such time as the company has sufficient working capital. The company has minimal overheads.

Accordingly, on the basis of the above, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and continues to adopt the going concern basis in preparing the financial statements.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Aylescott Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

4

Investments

2023
£

2022
£

Investments in associates

524,231

524,231

Associates

£

Cost

At 1 January 2023

524,231

At 31 December 2023

524,231

At 31 December 2022

524,231

5

Debtors

2023
£

2022
£

Other debtors

23,215

22,837

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

700

126

Accruals and deferred income

1,800

1,320

Other creditors

570,992

620,992

573,492

622,438