Caseware UK (AP4) 2023.0.135 2023.0.135 0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse0true2022-08-01false 12761014 2022-08-01 2023-07-31 12761014 2021-08-01 2022-07-31 12761014 2023-07-31 12761014 2022-07-31 12761014 c:Director1 2022-08-01 2023-07-31 12761014 d:FreeholdInvestmentProperty 2023-07-31 12761014 d:FreeholdInvestmentProperty 2022-07-31 12761014 d:CurrentFinancialInstruments 2023-07-31 12761014 d:CurrentFinancialInstruments 2022-07-31 12761014 d:Non-currentFinancialInstruments 2023-07-31 12761014 d:Non-currentFinancialInstruments 2022-07-31 12761014 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12761014 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12761014 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 12761014 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 12761014 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 12761014 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-07-31 12761014 d:ShareCapital 2023-07-31 12761014 d:ShareCapital 2022-07-31 12761014 d:RetainedEarningsAccumulatedLosses 2023-07-31 12761014 d:RetainedEarningsAccumulatedLosses 2022-07-31 12761014 c:FRS102 2022-08-01 2023-07-31 12761014 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12761014 c:FullAccounts 2022-08-01 2023-07-31 12761014 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 12761014










A & E HOMES LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 July 2023

 
A & E HOMES LTD
Registered number: 12761014

Balance sheet
As at 31 July 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
  
395,512
395,512

  
395,512
395,512

Current assets
  

Cash at bank and in hand
 5 
10,790
6,497

  
10,790
6,497

Creditors: amounts falling due within one year
 6 
(160,403)
(159,599)

Net current liabilities
  
 
 
(149,613)
 
 
(153,102)

Total assets less current liabilities
  
245,899
242,410

Creditors: amounts falling due after more than one year
 7 
(254,020)
(254,020)

  

Net liabilities
  
(8,121)
(11,610)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(8,221)
(11,710)

  
(8,121)
(11,610)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 February 2024.


Page 1

 
A & E HOMES LTD
Registered number: 12761014
    
Balance sheet (continued)
As at 31 July 2023



Mr M Aksler
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
A & E HOMES LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 July 2023

1.


General information

A & E Homes Ltd is a private company limited by shares and registered in England and Wales. The
registered address is at 126 Gladesmore Road, London, N15 6TH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 3

 
A & E HOMES LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 July 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 August 2022
395,512



At 31 July 2023
395,512

The 2023 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
395,512
395,512

395,512
395,512


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
10,789
6,498

10,789
6,498



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
159,683
158,999

Accruals and deferred income
720
600

160,403
159,599


Page 4

 
A & E HOMES LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 July 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
254,020
254,020

254,020
254,020


The following liabilities were secured:

2023
2022
£
£



Bank loans
254,020
254,020

254,020
254,020

Details of security provided:

Bank loans are secured by way of a fixed charge over the company's property.


8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
254,020
254,020

254,020
254,020


 
Page 5