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REGISTERED NUMBER: 11801280 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

AAA Investments Two Limited

AAA Investments Two Limited (Registered number: 11801280)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


AAA Investments Two Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Anil Singh Chima
Mr Anand Singh Chima
Mr Amar Singh Chima





REGISTERED OFFICE: 4 Greenfield Road
Holmfirth
United Kingdom
West Yorkshire
HD9 2JT





REGISTERED NUMBER: 11801280 (England and Wales)





ACCOUNTANTS: Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
AAA Investments Two Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AAA Investments Two Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of AAA Investments Two Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AAA Investments Two Limited and state those matters that we have agreed to state to the Board of Directors of AAA Investments Two Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AAA Investments Two Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AAA Investments Two Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AAA Investments Two Limited. You consider that AAA Investments Two Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AAA Investments Two Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT


6 September 2024

AAA Investments Two Limited (Registered number: 11801280)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,702 12,936
Investment property 6 32,595,852 32,000,000
32,605,554 32,012,936

CURRENT ASSETS
Debtors 7 39,724 137,292
Cash at bank 103,508 344,171
143,232 481,463
CREDITORS
Amounts falling due within one year 8 23,694,592 24,791,845
NET CURRENT LIABILITIES (23,551,360 ) (24,310,382 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,054,194

7,702,554

PROVISIONS FOR LIABILITIES 1,766,033 1,505,511
NET ASSETS 7,288,161 6,197,043

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7,288,160 6,197,042
7,288,161 6,197,043

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 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.

AAA Investments Two Limited (Registered number: 11801280)

Balance Sheet - continued
31 March 2024


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 6 September 2024 and were signed on its behalf by:





Mr Anil Singh Chima - Director


AAA Investments Two Limited (Registered number: 11801280)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

AAA Investments Two 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance

Any tangible assets are carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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.

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amoritised cost.


AAA Investments Two Limited (Registered number: 11801280)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. 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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 22,998
DEPRECIATION
At 1 April 2023 10,062
Charge for year 3,234
At 31 March 2024 13,296
NET BOOK VALUE
At 31 March 2024 9,702
At 31 March 2023 12,936

AAA Investments Two Limited (Registered number: 11801280)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2023 32,000,000
Additions 595,852
At 31 March 2024 32,595,852
NET BOOK VALUE
At 31 March 2024 32,595,852
At 31 March 2023 32,000,000

Cost or valuation at 31 March 2024 is represented by:
£   
Valuation in 2022 6,169,383
Valuation in 2023 (147,340 )
Cost 26,573,809
32,595,852

The investment properties were revalued in the year ending 28 February 2022 by Carter Jonas to £32,000,000, this year the company has incurred capital expenditure amounting to £595,852 and in the opinion of the directors the market value of the properties is £32,595,852.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 92,475
Other debtors 39,724 44,817
39,724 137,292

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 23,010,483 17,421,540
Taxation and social security 228,108 70,327
Other creditors 456,001 7,299,978
23,694,592 24,791,845

9. RELATED PARTY TRANSACTIONS

The company is related to the directors and their close family, and during the year loans amounting to £6,694,854 were repaid.. At 31 March 2024 £Nil (2023: £6,694,854) was owed by the company, and is included within creditors.
The company is a subsidiary of Summit Limited, and has claimed exemption from disclosure of transactions with wholly owned members of the group.