2 30/03/2023 2023-03-30 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-03-31 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09959895 2022-03-31 2023-03-30 09959895 2023-03-30 09959895 2021-03-31 2022-03-30 09959895 2022-03-30 09959895 bus:OrdinaryShareClass1 2022-03-31 2023-03-30 09959895 bus:Director2 2022-03-31 2023-03-30 09959895 core:WithinOneYear 2023-03-30 09959895 core:WithinOneYear 2022-03-30 09959895 core:AfterOneYear 2023-03-30 09959895 core:AfterOneYear 2022-03-30 09959895 core:ShareCapital 2023-03-30 09959895 core:ShareCapital 2022-03-30 09959895 core:RetainedEarningsAccumulatedLosses 2023-03-30 09959895 core:RetainedEarningsAccumulatedLosses 2022-03-30 09959895 bus:OrdinaryShareClass1 core:ShareCapital 2023-03-30 09959895 bus:OrdinaryShareClass1 core:ShareCapital 2022-03-30 09959895 bus:SmallEntities 2022-03-31 2023-03-30 09959895 bus:AuditExempt-NoAccountantsReport 2022-03-31 2023-03-30 09959895 bus:FullAccounts 2022-03-31 2023-03-30 09959895 bus:SmallCompaniesRegimeForAccounts 2022-03-31 2023-03-30 09959895 bus:PrivateLimitedCompanyLtd 2022-03-31 2023-03-30
Company registration number: 09959895
Aedesia Properties Limited
Unaudited filleted financial statements
30 March 2023
Aedesia Properties Limited
Contents
Statement of financial position
Notes to the financial statements
Aedesia Properties Limited
Statement of financial position
30 March 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 5 35,575 40,795
Cash at bank and in hand 375 410
_______ _______
35,950 41,205
Creditors: amounts falling due
within one year 6 ( 25,136) ( 26,697)
_______ _______
Net current assets 10,814 14,508
_______ _______
Total assets less current liabilities 10,814 14,508
Creditors: amounts falling due
after more than one year 7 ( 7,500) ( 10,200)
_______ _______
Net assets 3,314 4,308
_______ _______
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 3,214 4,208
_______ _______
Shareholder funds 3,314 4,308
_______ _______
For the year ending 30 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 March 2024 , and are signed on behalf of the board by:
Mr D R Lees
Director
Company registration number: 09959895
Aedesia Properties Limited
Notes to the financial statements
Year ended 30 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, B16 9HN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity and have been rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Debtors and creditors due within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other adminsitrative expenses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Debtors
2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 35,575 36,295
Other debtors - 4,500
_______ _______
35,575 40,795
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 3,000 3,300
Corporation tax - 1,097
Other creditors 22,136 22,300
_______ _______
25,136 26,697
_______ _______
7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 7,500 10,200
_______ _______
8. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______