AET Property Ltd Filleted Accounts Cover
AET Property Ltd
Company No. 14669596
Information for Filing with The Registrar
29 February 2024
AET Property Ltd Directors Report Registrar
The Directors present their report and the accounts for the period ended 29 February 2024.
Principal activities
The principal activity of the company during the period under review was Buying and selling of own real estate and letting and operating of own or leased real estate.
Directors
The Directors who served at any time during the period were as follows:
A. Townsend
E. Townsend
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
E. Townsend
Director
12 March 2024
AET Property Ltd Balance Sheet Registrar
at
29 February 2024
Company No.
14669596
Notes
2024
£
Fixed assets
Investment property
4
454,729
454,729
Creditors: Amount falling due within one year
5
(445,926)
Net current liabilities
(445,926)
Total assets less current liabilities
8,803
Creditors: Amounts falling due after more than one year
6
(450)
Net assets
8,353
Capital and reserves
Called up share capital
50
Profit and loss account
7
8,303
Total equity
8,353
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 29 February 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 12 March 2024
And signed on its behalf by:
E. Townsend
Director
12 March 2024
AET Property Ltd Notes to the Accounts Registrar
for the period ended 29 February 2024
1
General information
Its registered number is: 14669596
Its registered office is:
25 Bellwood Road
London
SE15 3DE
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
Number
The average monthly number of employees (including directors) during the period:
2
4
Investment property
Freehold Investment Property
£
Valuation
Additions
454,729
At 29 February 2024
454,729
5
Creditors:
amounts falling due within one year
2024
£
Corporation tax
1,948
Loans from directors
443,978
445,926
6
Creditors:
amounts falling due after more than one year
2024
£
Accruals and deferred income
450
450
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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