2023-04-012024-03-312024-03-31falseSC239221AAAL ONE LIMITED2024-09-17iso4217:GBPxbrli:pureSC2392212023-04-01SC2392212024-03-31SC2392212023-04-012024-03-31SC2392212022-04-01SC2392212023-03-31SC2392212022-04-012023-03-31SC239221bus:SmallEntities2023-04-012024-03-31SC239221bus:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC239221bus:FullAccounts2023-04-012024-03-31SC239221bus:PrivateLimitedCompanyLtd2023-04-012024-03-31SC239221core:WithinOneYear2024-03-31SC239221core:AfterOneYear2024-03-31SC239221core:WithinOneYear2023-03-31SC239221core:AfterOneYear2023-03-31SC239221core:ShareCapital2024-03-31SC239221core:SharePremium2024-03-31SC239221core:RevaluationReserve2024-03-31SC239221core:OtherReservesSubtotal2024-03-31SC239221core:RetainedEarningsAccumulatedLosses2024-03-31SC239221core:ShareCapital2023-03-31SC239221core:SharePremium2023-03-31SC239221core:RevaluationReserve2023-03-31SC239221core:OtherReservesSubtotal2023-03-31SC239221core:RetainedEarningsAccumulatedLosses2023-03-31SC239221core:LandBuildings2024-03-31SC239221core:PlantMachinery2024-03-31SC239221core:Vehicles2024-03-31SC239221core:FurnitureFittings2024-03-31SC239221core:OfficeEquipment2024-03-31SC239221core:NetGoodwill2024-03-31SC239221core:IntangibleAssetsOtherThanGoodwill2024-03-31SC239221core:ListedExchangeTraded2024-03-31SC239221core:UnlistedNon-exchangeTraded2024-03-31SC239221core:LandBuildings2023-03-31SC239221core:PlantMachinery2023-03-31SC239221core:Vehicles2023-03-31SC239221core:FurnitureFittings2023-03-31SC239221core:OfficeEquipment2023-03-31SC239221core:NetGoodwill2023-03-31SC239221core:IntangibleAssetsOtherThanGoodwill2023-03-31SC239221core:ListedExchangeTraded2023-03-31SC239221core:UnlistedNon-exchangeTraded2023-03-31SC239221core:LandBuildings2023-04-012024-03-31SC239221core:PlantMachinery2023-04-012024-03-31SC239221core:Vehicles2023-04-012024-03-31SC239221core:FurnitureFittings2023-04-012024-03-31SC239221core:OfficeEquipment2023-04-012024-03-31SC239221core:NetGoodwill2023-04-012024-03-31SC239221core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC239221core:ListedExchangeTraded2023-04-012024-03-31SC239221core:UnlistedNon-exchangeTraded2023-04-012024-03-31SC239221core:MoreThanFiveYears2023-04-012024-03-31SC239221core:Non-currentFinancialInstruments2024-03-31SC239221core:Non-currentFinancialInstruments2023-03-31SC239221dpl:CostSales2023-04-012024-03-31SC239221dpl:DistributionCosts2023-04-012024-03-31SC239221core:LandBuildings2023-04-012024-03-31SC239221core:PlantMachinery2023-04-012024-03-31SC239221core:Vehicles2023-04-012024-03-31SC239221core:FurnitureFittings2023-04-012024-03-31SC239221core:OfficeEquipment2023-04-012024-03-31SC239221dpl:AdministrativeExpenses2023-04-012024-03-31SC239221core:NetGoodwill2023-04-012024-03-31SC239221core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC239221dpl:GroupUndertakings2023-04-012024-03-31SC239221dpl:ParticipatingInterests2023-04-012024-03-31SC239221dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-31SC239221core:ListedExchangeTraded2023-04-012024-03-31SC239221dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-31SC239221core:UnlistedNon-exchangeTraded2023-04-012024-03-31SC239221dpl:CostSales2022-04-012023-03-31SC239221dpl:DistributionCosts2022-04-012023-03-31SC239221core:LandBuildings2022-04-012023-03-31SC239221core:PlantMachinery2022-04-012023-03-31SC239221core:Vehicles2022-04-012023-03-31SC239221core:FurnitureFittings2022-04-012023-03-31SC239221core:OfficeEquipment2022-04-012023-03-31SC239221dpl:AdministrativeExpenses2022-04-012023-03-31SC239221core:NetGoodwill2022-04-012023-03-31SC239221core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC239221dpl:GroupUndertakings2022-04-012023-03-31SC239221dpl:ParticipatingInterests2022-04-012023-03-31SC239221dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-31SC239221core:ListedExchangeTraded2022-04-012023-03-31SC239221dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-31SC239221core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC239221core:NetGoodwill2024-03-31SC239221core:IntangibleAssetsOtherThanGoodwill2024-03-31SC239221core:LandBuildings2024-03-31SC239221core:PlantMachinery2024-03-31SC239221core:Vehicles2024-03-31SC239221core:FurnitureFittings2024-03-31SC239221core:OfficeEquipment2024-03-31SC239221core:AfterOneYear2024-03-31SC239221core:WithinOneYear2024-03-31SC239221core:ListedExchangeTraded2024-03-31SC239221core:UnlistedNon-exchangeTraded2024-03-31SC239221core:ShareCapital2024-03-31SC239221core:SharePremium2024-03-31SC239221core:RevaluationReserve2024-03-31SC239221core:OtherReservesSubtotal2024-03-31SC239221core:RetainedEarningsAccumulatedLosses2024-03-31SC239221core:NetGoodwill2023-03-31SC239221core:IntangibleAssetsOtherThanGoodwill2023-03-31SC239221core:LandBuildings2023-03-31SC239221core:PlantMachinery2023-03-31SC239221core:Vehicles2023-03-31SC239221core:FurnitureFittings2023-03-31SC239221core:OfficeEquipment2023-03-31SC239221core:AfterOneYear2023-03-31SC239221core:WithinOneYear2023-03-31SC239221core:ListedExch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AAAL ONE LIMITED

Registered Number
SC239221
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

AAAL ONE LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

CROLLA, Angela Maria
CROLLA, Antonio

Company Secretary

CROLLA, Angela Maria

Registered Address

3 Priestfield Road North
Edinburgh
EH16 5HS

Registered Number

SC239221 (Scotland)
AAAL ONE LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3436,72288,001
Investments45,000,0005,000,000
5,436,7225,088,001
Current assets
Debtors5106,905145,166
Cash at bank and on hand339,771146,051
446,676291,217
Creditors amounts falling due within one year6(763,305)(1,149,817)
Net current assets (liabilities)(316,629)(858,600)
Total assets less current liabilities5,120,0934,229,401
Creditors amounts falling due after one year7(1,840,123)(1,232,040)
Provisions for liabilities9(6,102)(6,102)
Net assets3,273,8682,991,259
Capital and reserves
Called up share capital22
Revaluation reserve2,737,2222,737,222
Profit and loss account536,644254,035
Shareholders' funds3,273,8682,991,259
The financial statements were approved and authorised for issue by the Board of Directors on 17 September 2024, and are signed on its behalf by:
CROLLA, Antonio
Director
Registered Company No. SC239221
AAAL ONE LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
AAAL One Limited is a private company limited by shares incorporated in Scotland. The registered office is 3 Priestfield Road North, Edinburgh, EH16 5HS.
Statement of compliance
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies’ regime. 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.
Basis of preparation
The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value.
Functional and presentation currency
The financial statements are presented in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
Having made due and careful enquiry, the directors have made the informed judgement that the company has adequate working capital to continue its operations over the next 12 months. As a result, the directors have continued to adopt the going concern basis of accounting in preparing these statutory accounts.
Turnover policy
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
The tax expense represents the sum of tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the period. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other periods and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and laws. Timing differences arise from inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it is regarded as more likely than not they will be recovered. Deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill represents the excess of cost of acquisition of unincorporated business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years. For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. At each reporting date, the company review the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Reducing balance (%)
Plant and machinery40
Vehicles25
Investments
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
Finance leases and hire purchase contracts
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
Financial instruments
The company has elected to apply provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which include debtors and cash and bank balances and loans to fellow group compnaies, are measured at transaction price including transaction costs. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business for suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the direction of the company. Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship. A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative value is recognised as a financial liability.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 April 231,601,58523,3501,624,935
Additions380,925-380,925
At 31 March 241,982,51023,3502,005,860
Depreciation and impairment
At 01 April 231,530,5846,3501,536,934
Charge for year28,4524,35032,802
On disposals(598)-(598)
At 31 March 241,558,43810,7001,569,138
Net book value
At 31 March 24424,07212,650436,722
At 31 March 2371,00117,00088,001
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 April 235,000,0005,000,000
At 31 March 245,000,0005,000,000
Net book value
At 31 March 245,000,0005,000,000
At 31 March 235,000,0005,000,000

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables50,400134,238
Amounts owed by associates and joint ventures / participating interests43610,436
Other debtors56,069492
Total106,905145,166
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables121,07891,275
Bank borrowings and overdrafts38,276150,464
Amounts owed to related parties147,928350,266
Taxation and social security49,962157,641
Finance lease and HP contracts8,18222,859
Other creditors397,879377,312
Total763,3051,149,817
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,832,7671,220,482
Other creditors7,35611,558
Total1,840,1231,232,040
8.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts7,35511,558
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)6,1026,102
Total6,1026,102
10.Related party transactions
At the reporting end date the following amounts were outstanding to related parties; Entities with common control - £382,402 (2023 - £355,822) Key management personnel - £147,492 (2023 - £336,379) At the reporting end date the following amounts were outstanding from related parties; Entities with common control - £257,655 (2023 - £273,435)