Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalse2023-01-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10493637 2023-01-01 2023-12-31 10493637 2022-01-01 2022-12-31 10493637 2023-12-31 10493637 2022-12-31 10493637 c:Director3 2023-01-01 2023-12-31 10493637 d:FurnitureFittings 2023-01-01 2023-12-31 10493637 d:FurnitureFittings 2023-12-31 10493637 d:FurnitureFittings 2022-12-31 10493637 d:FreeholdInvestmentProperty 2023-12-31 10493637 d:FreeholdInvestmentProperty 2022-12-31 10493637 d:CurrentFinancialInstruments 2023-12-31 10493637 d:CurrentFinancialInstruments 2022-12-31 10493637 d:Non-currentFinancialInstruments 2023-12-31 10493637 d:Non-currentFinancialInstruments 2022-12-31 10493637 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10493637 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10493637 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10493637 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10493637 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 10493637 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 10493637 d:ShareCapital 2023-12-31 10493637 d:ShareCapital 2022-12-31 10493637 d:RetainedEarningsAccumulatedLosses 2023-12-31 10493637 d:RetainedEarningsAccumulatedLosses 2022-12-31 10493637 c:FRS102 2023-01-01 2023-12-31 10493637 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10493637 c:FullAccounts 2023-01-01 2023-12-31 10493637 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10493637 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10493637









AEDES INVESTMENTS LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
AEDES INVESTMENTS LTD
REGISTERED NUMBER: 10493637

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 5 
3,155,328
3,155,328

  
3,155,328
3,155,328

Current assets
  

Debtors: amounts falling due within one year
 6 
7,895
6,574

Cash at bank and in hand
 7 
11,553
36,116

  
19,448
42,690

Creditors: amounts falling due within one year
 8 
(12,990)
(645,043)

Net current assets/(liabilities)
  
 
 
6,458
 
 
(602,353)

Total assets less current liabilities
  
3,161,786
2,552,975

Creditors: amounts falling due after more than one year
 9 
(3,377,370)
(2,694,178)

  

Net liabilities
  
(215,584)
(141,203)


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
(215,588)
(141,207)

  
(215,584)
(141,203)

Page 1

 
AEDES INVESTMENTS LTD
REGISTERED NUMBER: 10493637
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 income and retained earnings 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 by: 




................................................
S Koseff
Director

Date: 3 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
AEDES INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Aedes Investments Limited is a private company limited by shares. The company is incorporated in England & Wales and its registered office is Aston House, Cornwall Avenue, London N3 1LF, United Kingdom. The company registration number is 10493637. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

Whilst the company is in a net liabilities position, it retains the support of its shareholders and as such the director considers it appropriate to prepare the accounts on a going concern basis.

 
2.3

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.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
AEDES INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Straight Line Method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

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.

Page 4

 
AEDES INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2023
19,234



At 31 December 2023

19,234



Depreciation


At 1 January 2023
19,234



At 31 December 2023

19,234



Net book value



At 31 December 2023
-


5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
3,155,328



At 31 December 2023
3,155,328

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




Page 5

 
AEDES INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
6,700
5,243

Prepayments and accrued income
1,195
1,331

7,895
6,574



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
11,553
36,116

11,553
36,116



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
596,909

Other creditors
330
984

Accruals and deferred income
12,660
47,150

12,990
645,043



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,000,000
1,307,872

Other loans
2,377,370
1,386,306

3,377,370
2,694,178


The bank loans are secured on the company's freehold investment property.

Page 6

 
AEDES INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
-
596,909


-
596,909


Amounts falling due 2-5 years

Bank loans
1,000,000
1,307,872

Other loans
2,377,370
1,386,306


3,377,370
2,694,178


3,377,370
3,291,087



11.


Related party transactions

Included in other debtors is £294 (2022: £652 credit balance) due from Aedes Investments (Valentine) Limited, a company with common director. This loan is interest free, unsecured and repayable on demand.
Included in other debtors is £5,088 (2022: £5,088) due from to Kidderpore Properties Limited, a company with common director. This loan is interest free, unsecured and repayable on demand.

 
Page 7