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REGISTERED NUMBER: 06997273 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

AION CORPORATE FINANCE LIMITED

AION CORPORATE FINANCE LIMITED (REGISTERED NUMBER: 06997273)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AION CORPORATE FINANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R P Smith





REGISTERED OFFICE: 99 Dean Court Road
Rottingdean
Brighton
East Sussex
BN2 7DL





REGISTERED NUMBER: 06997273 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

AION CORPORATE FINANCE LIMITED (REGISTERED NUMBER: 06997273)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 124,362 27,951
Investments 4 294,356 130,221
418,718 158,172

CURRENT ASSETS
Debtors 5 6,923 -
Cash at bank 66,879 312,300
73,802 312,300
CREDITORS
Amounts falling due within one year 6 84,899 104,150
NET CURRENT (LIABILITIES)/ASSETS (11,097 ) 208,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,621

366,322

CREDITORS
Amounts falling due after more than one
year

7

80,472

37,146
NET ASSETS 327,149 329,176

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 327,049 329,076
SHAREHOLDERS' FUNDS 327,149 329,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 12 September 2024 and were signed by:





R P Smith - Director


AION CORPORATE FINANCE LIMITED (REGISTERED NUMBER: 06997273)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Intangible assets
Fixed Assets Investments include investments in non listed shares and private funds limited partnership which are held at cost.

There are also investments in Wine which is included at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.

AION CORPORATE FINANCE LIMITED (REGISTERED NUMBER: 06997273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,051 16,631 28,400 8,230 54,312
Additions - 1,500 105,789 1,798 109,087
At 31 March 2024 1,051 18,131 134,189 10,028 163,399
DEPRECIATION
At 1 April 2023 1,015 5,036 14,200 6,110 26,361
Charge for year 36 3,246 7,462 1,932 12,676
At 31 March 2024 1,051 8,282 21,662 8,042 39,037
NET BOOK VALUE
At 31 March 2024 - 9,849 112,527 1,986 124,362
At 31 March 2023 36 11,595 14,200 2,120 27,951

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 28,400
Additions 105,789
At 31 March 2024 134,189
DEPRECIATION
At 1 April 2023 14,200
Charge for year 7,462
At 31 March 2024 21,662
NET BOOK VALUE
At 31 March 2024 112,527
At 31 March 2023 14,200

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 130,221
Additions 168,113
Revaluations (3,978 )
At 31 March 2024 294,356
NET BOOK VALUE
At 31 March 2024 294,356
At 31 March 2023 130,221

AION CORPORATE FINANCE LIMITED (REGISTERED NUMBER: 06997273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 (3,978 )
Cost 298,334
294,356

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,923 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,208 7,945
Hire purchase contracts 34,189 4,084
Trade creditors - 645
Tax 29,063 65,532
Social security and other taxes 717 498
VAT 7,028 7,852
Other creditors 669 363
Directors' current accounts 2,929 15,226
Accrued expenses 2,096 2,005
84,899 104,150

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,382 8,146
Bank loans - 2-5 years 1,963 10,473
Hire purchase contracts 70,127 18,527
80,472 37,146

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, R Smith decreased his loan to the company. As at 31 March 2024, the company owed him £2,929. (2023: £15,226). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year, the company paid R Smith rent amounting to £2,593 (2023: £3,759) as a result of utilising office space within his home.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R P Smith.

This was by virtue of his 90% holding of the issued share capital.