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REGISTERED NUMBER: 11874270 (England and Wales)










STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 28 FEBRUARY 2023

FOR

AOI HOLDINGS LTD

AOI HOLDINGS LTD (REGISTERED NUMBER: 11874270)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 APRIL 2022 TO 28 FEBRUARY 2023




Page

Company Information 1

Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 4

Income Statement 7

Other Comprehensive Income 8

Statement of Financial Position 9

Statement of Changes in Equity 10

Statement of Cash Flows 11

Notes to the Statement of Cash Flows 12

Notes to the Financial Statements 13


AOI HOLDINGS LTD

COMPANY INFORMATION
For The Period 1 APRIL 2022 TO 28 FEBRUARY 2023







DIRECTOR: Mr F Kane





REGISTERED OFFICE: 6 Water End Barns
New Water End
Eversholt
Bedfordshire
MK17 9EA





REGISTERED NUMBER: 11874270 (England and Wales)





AUDITORS: AGK Partners
Chartered Accountants & Statutory Auditors
1 Kings Avenue
London
N21 3NA

AOI HOLDINGS LTD (REGISTERED NUMBER: 11874270)

STRATEGIC REPORT
For The Period 1 APRIL 2022 TO 28 FEBRUARY 2023

The director presents his strategic report for the period 1 April 2022 to 28 February 2023.

ON BEHALF OF THE BOARD:





Mr F Kane - Director


15 March 2024

AOI HOLDINGS LTD (REGISTERED NUMBER: 11874270)

REPORT OF THE DIRECTOR
For The Period 1 APRIL 2022 TO 28 FEBRUARY 2023

The director presents his report with the financial statements of the company for the period 1 April 2022 to 28 February 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of a holding company.

DIVIDENDS
An interim dividend of £343.14 per share was paid on 6 April 2022. The director recommends that no final dividend be paid.

The total distribution of dividends for the period ended 28 February 2023 will be £ 35,000 .

DIRECTOR
Mr F Kane held office during the whole of the period from 1 April 2022 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, AGK Partners, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr F Kane - Director


15 March 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AOI HOLDINGS LTD

Opinion
We have audited the financial statements of AOI Holdings Ltd (the 'company') for the period ended 28 February 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 28 February 2023 and of its loss for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AOI HOLDINGS LTD


Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognize non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other
management, and from our commercial knowledge and experience of the industry;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management and inspecting legal correspondence; and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Other matters which we are required to address
As disclosed in note 14 to the financial statements, the corresponding comparative figures to these financial statements were unaudited. Our opinion is not modified with respect to this matter.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AOI HOLDINGS LTD


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Alekos Christofi (Senior Statutory Auditor)
for and on behalf of AGK Partners
Chartered Accountants & Statutory Auditors
1 Kings Avenue
London
N21 3NA

15 March 2024

AOI HOLDINGS LTD (REGISTERED NUMBER: 11874270)

INCOME STATEMENT
For The Period 1 APRIL 2022 TO 28 FEBRUARY 2023

Period
1.4.22
to Year Ended
28.2.23 31.3.22
(Unaudited)
Notes £    £   

REVENUE - -

Administrative expenses 2,863 116,295
OPERATING LOSS 4 (2,863 ) (116,295 )

Income from shares in group undertakings - 170,000
(LOSS)/PROFIT BEFORE TAXATION (2,863 ) 53,705

Tax on (loss)/profit 5 - -
(LOSS)/PROFIT FOR THE FINANCIAL
PERIOD

(2,863

)

53,705

AOI HOLDINGS LTD (REGISTERED NUMBER: 11874270)

OTHER COMPREHENSIVE INCOME
For The Period 1 APRIL 2022 TO 28 FEBRUARY 2023

Period
1.4.22
to Year Ended
28.2.23 31.3.22
(Unaudited)
Notes £    £   

(LOSS)/PROFIT FOR THE PERIOD (2,863 ) 53,705


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE PERIOD

(2,863

)

53,705

AOI HOLDINGS LTD (REGISTERED NUMBER: 11874270)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Investments 7 2 2
Investment property 8 350,000 350,000
350,002 350,002

CURRENT ASSETS
Debtors 9 5,500 5,500
Cash at bank and in hand 207 380
5,707 5,880
CREDITORS
Amounts falling due within one year 10 387,320 349,630
NET CURRENT LIABILITIES (381,613 ) (343,750 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,611

)

6,252

CAPITAL AND RESERVES
Called up share capital 11 102 102
Retained earnings 12 (31,713 ) 6,150
SHAREHOLDERS' FUNDS (31,611 ) 6,252

The financial statements were approved by the director and authorised for issue on 15 March 2024 and were signed by:





Mr F Kane - Director


AOI HOLDINGS LTD (REGISTERED NUMBER: 11874270)

STATEMENT OF CHANGES IN EQUITY
For The Period 1 APRIL 2022 TO 28 FEBRUARY 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2021 102 9,245 9,347

Changes in equity
Dividends - (56,800 ) (56,800 )
Total comprehensive income - 53,705 53,705
Balance at 31 March 2022 102 6,150 6,252

Changes in equity
Dividends - (35,000 ) (35,000 )
Total comprehensive income - (2,863 ) (2,863 )
Balance at 28 February 2023 102 (31,713 ) (31,611 )

AOI HOLDINGS LTD (REGISTERED NUMBER: 11874270)

STATEMENT OF CASH FLOWS
For The Period 1 APRIL 2022 TO 28 FEBRUARY 2023

Period
1.4.22
to Year Ended
28.2.23 31.3.22
(Unaudited)
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 32,621 (118,895 )
Net cash from operating activities 32,621 (118,895 )

Cash flows from investing activities
Dividends received - 170,000
Net cash from investing activities - 170,000

Cash flows from financing activities
Amount withdrawn by directors 2,206 -
Share issue - 102
Equity dividends paid (35,000 ) (56,800 )
Net cash from financing activities (32,794 ) (56,698 )

Decrease in cash and cash equivalents (173 ) (5,593 )
Cash and cash equivalents at beginning
of period

2

380

5,973

Cash and cash equivalents at end of
period

2

207

380

AOI HOLDINGS LTD (REGISTERED NUMBER: 11874270)

NOTES TO THE STATEMENT OF CASH FLOWS
For The Period 1 APRIL 2022 TO 28 FEBRUARY 2023

1. RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
Period
1.4.22
to Year Ended
28.2.23 31.3.22
(Unaudited)
£    £   
(Loss)/profit before taxation (2,863 ) 53,705
Loss on disposal of fixed assets - 113,055
Finance income - (170,000 )
(2,863 ) (3,240 )
Increase/(decrease) in trade and other creditors 35,484 (115,655 )
Cash generated from operations 32,621 (118,895 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Period ended 28 February 2023
28.2.23 1.4.22
£    £   
Cash and cash equivalents 207 380
Year ended 31 March 2022
31.3.22 1.4.21
(Unaudited)
£    £   
Cash and cash equivalents 380 5,973


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.22 Cash flow At 28.2.23
£    £    £   
Net cash
Cash at bank and in hand 380 (173 ) 207
380 (173 ) 207
Total 380 (173 ) 207

AOI HOLDINGS LTD (REGISTERED NUMBER: 11874270)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 APRIL 2022 TO 28 FEBRUARY 2023

1. STATUTORY INFORMATION

AOI Holdings Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

The accounts cover the 11 month period from 1st April 2022 to 28th February 2023. The accounting reference date was shortened in order to align the year ends of the group entities. For this reason the comparative figures may not be entirely comparable.

Preparation of consolidated financial statements
The financial statements contain information about AOI Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any impairment.

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 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 statement of financial position date.


AOI HOLDINGS LTD (REGISTERED NUMBER: 11874270)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 APRIL 2022 TO 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss

3. EMPLOYEES AND DIRECTORS

There were no staff costs for the period ended 28 February 2023 nor for the year ended 31 March 2022.

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

Period
1.4.22
to Year Ended
28.2.23 31.3.22
(Unaudited)
£    £   
Director's remuneration - -

4. OPERATING LOSS

The operating loss is stated after charging:

Period
1.4.22
to Year Ended
28.2.23 31.3.22
(Unaudited)
£    £   
Loss on disposal of fixed assets - 113,055

5. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the period ended 28 February 2023 nor for the year ended 31 March 2022.

AOI HOLDINGS LTD (REGISTERED NUMBER: 11874270)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 APRIL 2022 TO 28 FEBRUARY 2023

6. DIVIDENDS
Period
1.4.22
to Year Ended
28.2.23 31.3.22
(Unaudited)
£    £   
Ordinary shares of 1 each
Interim 35,000 56,800

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 28 February 2023 2
NET BOOK VALUE
At 28 February 2023 2
At 31 March 2022 2

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

LF Solutions Limited
Registered office: 6 Water End Barns New Water End, Eversholt, Bedfordshire, MK17 9EA.
Nature of business: Development of building projects.
%
Class of shares: holding
Ordinary 100.00
28.2.23 28.2.22
£    £   
Aggregate capital and reserves 2,101,944 2,089,333
Profit for the year 182,610 352,954

LF Infrastructure Limited
Registered office: 6 Water End Barns New Water End, Eversholt, Bedfordshire, United Kingdom, MK17 9EA
Nature of business: Construction of utility projects for electricity
%
Class of shares: holding
Ordinary 100.00
28.2.23 31.1.22
£    £   
Aggregate capital and reserves 1,193,403 1,318,358
Loss for the year (124,954 ) (23,941 )

8. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 28 February 2023 350,000
NET BOOK VALUE
At 28 February 2023 350,000
At 31 March 2022 350,000

AOI HOLDINGS LTD (REGISTERED NUMBER: 11874270)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 APRIL 2022 TO 28 FEBRUARY 2023

8. INVESTMENT PROPERTY - continued

Included in fair value of investment property is freehold land of £ 350,000 (2022 - £ 350,000 ) which is not depreciated.

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
(Unaudited)
£    £   
Amounts owed by group undertakings 5,500 5,500

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
(Unaudited)
£    £   
Trade creditors 2,310 120
Amounts owed to group undertakings 372,227 338,933
Other creditors 8,477 8,476
Directors' current accounts 2,206 -
Accrued expenses 2,100 2,101
387,320 349,630

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
102 Ordinary 1 102 102

12. RESERVES
Retained
earnings
£   

At 1 April 2022 6,150
Deficit for the period (2,863 )
Dividends (35,000 )
At 28 February 2023 (31,713 )

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in the other creditors due within year is an amount of £8,477 (2022: £8,477) due to the connected companies with common directorship and shareholdings.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr F Kane.

15. COMPARATIVES

The comparative figures in the financial statements are unaudited