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Unaudited Financial Statements for the Year Ended 30 April 2024

for

AAA Estates (Edinburgh) Limited

AAA Estates (Edinburgh) Limited (Registered number: SC311489)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AAA Estates (Edinburgh) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs A V Renton
Mrs S Smyth
Ms P Maloney
Mrs L Sutherland





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC311489 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

AAA Estates (Edinburgh) Limited (Registered number: SC311489)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 575,000 426,110

CURRENT ASSETS
Debtors 5 168,325 164,601
Cash at bank 16,217 14,055
184,542 178,656
CREDITORS
Amounts falling due within one year 6 14,909 504,658
NET CURRENT ASSETS/(LIABILITIES) 169,633 (326,002 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,633

100,108

CAPITAL AND RESERVES
Called up share capital 7 42 12
Share premium 490,526 -
Revaluation reserve 8 210,901 62,011
Retained earnings 43,164 38,085
SHAREHOLDERS' FUNDS 744,633 100,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AAA Estates (Edinburgh) Limited (Registered number: SC311489)

Balance Sheet - continued
30 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





Ms P Maloney - Director


AAA Estates (Edinburgh) Limited (Registered number: SC311489)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

AAA Estates (Edinburgh) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

The directors have chosen not to depreciate heritable property and believe this decision will have no material effect on the accounts.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - NIL ) .

AAA Estates (Edinburgh) Limited (Registered number: SC311489)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 May 2023 429,298
Revaluations 148,890
At 30 April 2024 578,188
DEPRECIATION
At 1 May 2023
and 30 April 2024 3,188
NET BOOK VALUE
At 30 April 2024 575,000
At 30 April 2023 426,110

Cost or valuation at 30 April 2024 is represented by:

Land and
buildings
£   
Valuation in 2013 59,298
Valuation in 2024 151,603
Cost 367,287
578,188

If Freehold property had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 370,000 370,000
Aggregate depreciation 3,188 3,188

Freehold property was valued on an open market basis basis on 12 January 2024 by Allied Surveyors Scotland .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 168,325 164,601

AAA Estates (Edinburgh) Limited (Registered number: SC311489)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed to participating interests - 490,549
Taxation and social security 4,445 4,742
Other creditors 10,464 9,367
14,909 504,658

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
NIL Ordinary £1 12 12
(30.4.23 - 12 )
2,360 B Ordinary 1p 24 -
36 12

Allotted and issued:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,800 Share capital 3 1p 6 -

Shares were issued during the year as follows:

Cash at par
600 A Ordinary shares of 1p for £ 6
2,360 B Ordinary shares of 1p for £ 24

As a bonus out of reserves
600 A Ordinary shares of 1p

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023 62,011
Revaluation 148,890

At 30 April 2024 210,901

AAA Estates (Edinburgh) Limited (Registered number: SC311489)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. RELATED PARTY DISCLOSURES

The company was under the control of it's four directors during the year Mrs A Renton, Mrs L Sutherland, Mrs P Maloney and Mrs. S Smyth. The ultimate controlling parties are it's shareholders, L Sutherland, P Maloney and S Smith.

AAA Coaches Ltd, a company owned and controlled by Mrs A Renton was owed £Nil (2023 - £490,549) at the year end.

A Johnston Properties Ltd, a company under the same control was due the company £168,325 (2023 - £164,601) at the year end.