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REGISTERED NUMBER: 09168219 (England and Wales)















Financial Statements for the Year Ended 30th November 2023

for

Aims 24 Limited

Aims 24 Limited (Registered number: 09168219)

Contents of the Financial Statements
for the Year Ended 30th November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aims 24 Limited

Company Information
for the Year Ended 30th November 2023







DIRECTOR: A Hashmi





REGISTERED OFFICE: White Horse
63 Dorking Road
Epsom
Surrey
KT18 7JU





REGISTERED NUMBER: 09168219 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Aims 24 Limited (Registered number: 09168219)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 114 153
Tangible assets 5 143,436 171,836
Investment property 6 1,558,588 1,558,588
1,702,138 1,730,577

CURRENT ASSETS
Debtors 7 16,683 4
Cash at bank 2,065 18,417
18,748 18,421
CREDITORS
Amounts falling due within one year 8 1,964,270 1,920,335
NET CURRENT LIABILITIES (1,945,522 ) (1,901,914 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(243,384

)

(171,337

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (243,385 ) (171,338 )
SHAREHOLDERS' FUNDS (243,384 ) (171,337 )

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

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

The director acknowledges his 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.

Aims 24 Limited (Registered number: 09168219)

Balance Sheet - continued
30th 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 director and authorised for issue on 4th September 2024 and were signed by:





A Hashmi - Director


Aims 24 Limited (Registered number: 09168219)

Notes to the Financial Statements
for the Year Ended 30th November 2023


1. STATUTORY INFORMATION

Aims 24 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of seven 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 - 10% - 33.33% on cost

Depreciation is not provided for the freehold property, as it is currently under extensive refurbishment with a change of use.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Aims 24 Limited (Registered number: 09168219)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023


2. ACCOUNTING POLICIES - continued

Going concern
The tenant for the developed property has ceased occupancy and the director is evaluating the options for the company. These include a possible sale. The valuers have suggested a premium over the cost in the accounts. It is on this premise that the director has prepared the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st December 2022
and 30th November 2023 270
AMORTISATION
At 1st December 2022 117
Charge for year 39
At 30th November 2023 156
NET BOOK VALUE
At 30th November 2023 114
At 30th November 2022 153

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022
and 30th November 2023 289,814
DEPRECIATION
At 1st December 2022 117,978
Charge for year 28,400
At 30th November 2023 146,378
NET BOOK VALUE
At 30th November 2023 143,436
At 30th November 2022 171,836

Aims 24 Limited (Registered number: 09168219)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022
and 30th November 2023 1,558,588
NET BOOK VALUE
At 30th November 2023 1,558,588
At 30th November 2022 1,558,588

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors and prepayments 16,683 4

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 528 527
Taxation and social security - 2,431
Other creditors and accruals 1,963,742 1,917,377
1,964,270 1,920,335

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Hashmi.