Registered number
12835244
AE Holdings Ltd
Filleted Accounts
31 March 2024
AE Holdings Ltd
Registered number: 12835244
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 647,631 551,493
Investments 4 539,151 401,307
1,186,782 952,800
Current assets
Debtors 5 100 100
Cash at bank and in hand 93,742 13,057
93,842 13,157
Creditors: amounts falling due within one year 6 (600) (600)
Net current assets 93,242 12,557
Total assets less current liabilities 1,280,024 965,357
Creditors: amounts falling due after more than one year 7 (1,300,655) (983,655)
Net liabilities (20,631) (18,298)
Capital and reserves
Called up share capital 100 100
Profit and loss account (20,731) (18,398)
Shareholders' funds (20,631) (18,298)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C E O'Shea
Director
Approved by the board on 22 October 2024
AE Holdings Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Imps to property Total
£ £ £ £
Cost
At 1 April 2023 547,578 4,872 - 552,450
Additions - 2,521 94,571 97,092
At 31 March 2024 547,578 7,393 94,571 649,542
Depreciation
At 1 April 2023 - 957 - 957
Charge for the year - 954 - 954
At 31 March 2024 - 1,911 - 1,911
Net book value
At 31 March 2024 547,578 5,482 94,571 647,631
At 31 March 2023 547,578 3,915 - 551,493
4 Investments
Other
investments
£
Cost
At 1 April 2023 401,307
Additions 137,844
At 31 March 2024 539,151
5 Debtors 2024 2023
£ £
Other debtors 100 100
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 600 600
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 1,300,655 983,655
8 Other information
AE Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
14 Plymouth Road
Penarth
CF64 3DH
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