Registered number: 02011956 | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
Prepared By: | ||||||||
Chris Ford Limited | ||||||||
Chartered Accountants | ||||||||
16 Kithurst Park | ||||||||
Storrington | ||||||||
West Sussex | ||||||||
RH20 4JH |
Ailsida Property Investment Co Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
East Sussex | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 02011956 | ||||||||
ACCOUNTANTS | ||||||||
Chris Ford Limited | ||||||||
Chartered Accountants | ||||||||
16 Kithurst Park | ||||||||
Storrington | ||||||||
West Sussex | ||||||||
RH20 4JH |
Ailsida Property Investment Co Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Ailsida Property Investment Co Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
144,298 | 146,614 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 135,671 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 77,225 | 14,089 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Revaluation reserve | 1c,9 | 406,445 | 356,445 | |||||||
Profit and loss account | 248,439 | 314,957 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Ailsida Property Investment Co Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1c. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
3. TANGIBLE FIXED ASSETS |
Cost |
At 31/03/2024 |
Depreciation |
At 31/03/2024 |
Net Book Amounts |
At 31/03/2024 |
Ailsida Property Investment Co Limited | ||||||||
4. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 01/04/2023 | 550,000 | 550,000 | ||||||
Revaluation | 50,000 | 50,000 | ||||||
At 31/03/2024 | 600,000 | 600,000 | ||||||
Investment property comprises two commercial rental properties. The fair value of the investment properties has been arrived at on the basis of the opinion of the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties and using judgement based on experience in the sector. | ||||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 15,301 | 10,875 | ||||||
15,301 | 10,875 | |||||||
Amounts falling due over more than one year | ||||||||
Amounts owed by connected company | 118,761 | 119,761 | ||||||
118,761 | 119,761 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 7,046 | 6,080 | ||||||
Directors current account | 113 | 113 | ||||||
Tenants deposit | 3,750 | 3,750 | ||||||
Accruals | 1,100 | 1,000 | ||||||
12,009 | 10,943 | |||||||
Ailsida Property Investment Co Limited | ||||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Deferred taxation | 77,225 | 14,089 | ||||||
77,225 | 14,089 | |||||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
180.00 | 180.00 | |||||||
180 | 180 | |||||||
New shares issued during period: | ||||||||
80 | 80.00 | 80.00 | ||||||
- | 80 | |||||||
9. REVALUATION RESERVE | 2024 | 2023 | ||||||
£ | £ | |||||||
Revaluation reserve | 406,445 | 356,445 | ||||||
406,445 | 356,445 | |||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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