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Registered number: 02011956

Ailsida Property Investment Co Limited

ACCOUNTS
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
Martin Ailion
SECRETARY
Martin Ailion
REGISTERED OFFICE
153 KIngsway
Hove
East Sussex
BN3 4GR
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 Sheet3
Notes To The Accounts4
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 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3600,000550,000
CURRENT ASSETS
Debtors5134,062130,636
Cash at bank and in hand10,23615,978
144,298146,614
CREDITORS: Amounts falling due within one year612,00910,943
NET CURRENT ASSETS132,289135,671
TOTAL ASSETS LESS CURRENT LIABILITIES732,289685,671
CREDITORS: Amounts falling due after more than one year777,22514,089
NET ASSETS655,064671,582
CAPITAL AND RESERVES
Called up share capital8180180
Revaluation reserve1c,9406,445356,445
Profit and loss account248,439314,957
SHAREHOLDERS' FUNDS655,064671,582
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/11/2024 and signed on their behalf by
.............................
Martin Ailion
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
20242023
No.No.
Average number of employees11
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
PropertiesTotal
££
Fair value
At 01/04/2023550,000550,000
Revaluation50,00050,000
At 31/03/2024600,000600,000
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 20242023
££
Amounts falling due within one year
Trade debtors15,30110,875
15,30110,875
Amounts falling due over more than one year
Amounts owed by connected company118,761119,761
118,761119,761
134,062130,636
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax7,0466,080
Directors current account113113
Tenants deposit3,7503,750
Accruals1,1001,000
12,00910,943

Ailsida Property Investment Co Limited

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Deferred taxation77,22514,089
77,22514,089
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
180 Ordinary shares of £1 each180.00180.00
180180
New shares issued during period:
80 Ordinary shares of £1 each80.0080.00
-80
9. REVALUATION RESERVE 20242023
££
Revaluation reserve406,445356,445
406,445356,445
10. RELATED PARTY TRANSACTIONS
Included within other debtors is an amount of £118,761, (2023: £119.761) due to the company by a connected company under common control. The loan is provided interest free and unsecured. There are no formal terms or conditions regarding repayment of this loan.