Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10064510 2023-04-01 2024-03-31 10064510 2022-04-01 2023-03-31 10064510 2024-03-31 10064510 2023-03-31 10064510 c:Director1 2023-04-01 2024-03-31 10064510 d:FreeholdInvestmentProperty 2024-03-31 10064510 d:FreeholdInvestmentProperty 2023-03-31 10064510 d:CurrentFinancialInstruments 2024-03-31 10064510 d:CurrentFinancialInstruments 2023-03-31 10064510 d:Non-currentFinancialInstruments 2024-03-31 10064510 d:Non-currentFinancialInstruments 2023-03-31 10064510 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10064510 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10064510 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10064510 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10064510 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 10064510 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 10064510 d:ShareCapital 2024-03-31 10064510 d:ShareCapital 2023-03-31 10064510 d:SharePremium 2024-03-31 10064510 d:SharePremium 2023-03-31 10064510 d:RevaluationReserve 2024-03-31 10064510 d:RevaluationReserve 2023-03-31 10064510 d:RetainedEarningsAccumulatedLosses 2024-03-31 10064510 d:RetainedEarningsAccumulatedLosses 2023-03-31 10064510 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10064510 c:OrdinaryShareClass1 2024-03-31 10064510 c:OrdinaryShareClass1 2023-03-31 10064510 c:FRS102 2023-04-01 2024-03-31 10064510 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10064510 c:FullAccounts 2023-04-01 2024-03-31 10064510 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10064510 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10064510









AIDB LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
AIDB LIMITED
REGISTERED NUMBER: 10064510

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
6,458,940
6,458,940

Current assets
  

Debtors: amounts falling due within one year
 6 
6,636
53,158

Cash at bank and in hand
  
258,951
62,621

  
265,587
115,779

Creditors: amounts falling due within one year
 7 
(1,263,941)
(1,239,390)

Net current liabilities
  
 
 
(998,354)
 
 
(1,123,611)

Total assets less current liabilities
  
5,460,586
5,335,329

Creditors: amounts falling due after more than one year
 8 
(1,124,338)
(1,124,338)

  

Net assets
  
4,336,248
4,210,991


Capital and reserves
  

Called up share capital 
  
2
2

Share premium account
  
4,032,581
4,032,581

Revaluation reserve
  
69,240
69,240

Profit and loss account
  
234,425
109,168

  
4,336,248
4,210,991

Page 1

 
AIDB LIMITED
REGISTERED NUMBER: 10064510
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 October 2024.




I Beaton
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

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

1.


General information

AIDB Limited ("the Company") is a company limited by shares and incorporated in England and Wales, registration number 10064510. Its registered office address is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental income
The Company generates rental income from investment properties let to third parties. Sales invoices are raised monthly in advance for services provided. Revenue is recognised in the accounting period in which the services are rendered.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

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

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and otherfactors, including expectations of future events that are believed to be reasonable under thecircumstances.
a) Critical judgements in applying accounting policies
(i) Valuation of investment properties
The valuation of investment properties has been made by the director based on his personal expertiseand knowledge of the market. No formal valuation has been performed.
b) Critical accounting estimates and assumptions
The Company does not consider there to be any critical estimates and assumptions in applying
accounting policies. 


4.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

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

5.


Investment property


Investment property

£



Valuation


At 1 April 2023
6,458,940



At 31 March 2024
6,458,940



The 2024 valuations were made by independent valuers, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


Surplus on revaluation
69,240
69,240

At 31 March 2024
69,240
69,240



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
6,407,617
6,407,617

Accumulated depreciation and impairments
(17,917)
(17,917)

6,389,700
6,389,700


6.


Debtors

2024
2023
£
£


Trade debtors
3,676
50,198

Prepayments and accrued income
2,960
2,960

6,636
53,158


Page 5

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
10,612
9,409

Corporation tax
44,220
29,358

Other taxation and social security
8,486
-

Other creditors
1,198,577
1,198,577

Accruals and deferred income
2,046
2,046

1,263,941
1,239,390



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,124,338
1,124,338


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable other than by instalments
1,124,338
1,124,338

Bank loans are secured on investment properties to which they relate. The loans are interest-only at a rate of 3.29% fixed for a term of 5 years.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due after more than 5 years

Bank loans
1,124,338
1,124,338

Page 6

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

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



11.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the balance sheet date.


12.


Related party transactions

Included within other creditors is an amount of £1,183,541  (2023 - £1,183,541) due to the director.


13.


Controlling party

The ultimate controlling party is considered to be I Beaton.
 
Page 7