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REGISTERED NUMBER: 10482178 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

AAOM LTD

AAOM LTD (REGISTERED NUMBER: 10482178)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AAOM LTD

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: N McCracken
Mrs R A McCracken





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF





REGISTERED NUMBER: 10482178 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

AAOM LTD (REGISTERED NUMBER: 10482178)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30 150
Tangible assets 5 468 2,619
Investment property 6 475,000 435,521
475,498 438,290

CURRENT ASSETS
Debtors 7 429 371
Cash at bank 14,149 11,449
14,578 11,820
CREDITORS
Amounts falling due within one year 8 394,340 406,892
NET CURRENT LIABILITIES (379,762 ) (395,072 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,736

43,218

PROVISIONS FOR LIABILITIES 7,451 -
NET ASSETS 88,285 43,218

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 88,185 43,118
SHAREHOLDERS' FUNDS 88,285 43,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AAOM LTD (REGISTERED NUMBER: 10482178)

BALANCE SHEET - continued
30 November 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2024 and were signed on its behalf by:





N McCracken - Director


AAOM LTD (REGISTERED NUMBER: 10482178)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

AAOM Ltd is a private company limited by shares and incorporated and domiciled in England. It has its registered office at Beckside Court, Annie Reed Road, Beverley, HU17 0LF.

The principal activity of the company is that of the management of investment properties, including leasing and selling.

The presentational currency of the financial statements is 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Investment property
Investment property is included at fair value. Movement in fair value is recognised in the income statement. Deferred taxation is provided on these gains/losses at the rate expected to apply when the property is sold.


AAOM LTD (REGISTERED NUMBER: 10482178)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 600
AMORTISATION
At 1 December 2022 450
Charge for year 120
At 30 November 2023 570
NET BOOK VALUE
At 30 November 2023 30
At 30 November 2022 150

AAOM LTD (REGISTERED NUMBER: 10482178)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 18,770
Additions 468
At 30 November 2023 19,238
DEPRECIATION
At 1 December 2022 16,151
Charge for year 2,619
At 30 November 2023 18,770
NET BOOK VALUE
At 30 November 2023 468
At 30 November 2022 2,619

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 435,521
Revaluations 39,479
At 30 November 2023 475,000
NET BOOK VALUE
At 30 November 2023 475,000
At 30 November 2022 435,521

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 39,479
Cost 435,521
475,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 429 371

AAOM LTD (REGISTERED NUMBER: 10482178)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,593 3,616
Other creditors 390,747 403,276
394,340 406,892

9. RELATED PARTY TRANSACTIONS

Included in other creditors is a loan to the company from its directors. The balance outstanding owed by the company is £388,404 (2022- £398,104).

The loan was made on an interest free basis and is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of it's directors as they own all the ordinary share capital.