Registered number
07945339
Aeros Partners Ltd
Accounts
For the Year ended
29 February 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Aeros Partners Ltd
Registered number: 07945339
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,247 2,973
Current assets
Debtors 4 1,680 1,680
Investments held as current assets 5 511,940 210,449
Cash at bank and in hand 88,298 160,677
601,918 372,806
Creditors: amounts falling due within one year 6 (3,023) (1,644)
Net current assets 598,895 371,162
Total assets less current liabilities 601,142 374,135
Creditors: amounts falling due after more than one year 7 (346,619) (327,996)
Net assets 254,523 46,139
Capital and reserves
Called up share capital 1 1
Profit and loss account 254,522 46,138
Shareholder's funds 254,523 46,139
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Athwal
Director
Approved by the board on 27 November 2024
Aeros Partners Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised once payment has been received.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 7 years
Fixtures and fittings 7 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment Fixtures and fittings Total
£ £ £
Cost
At 1 March 2023 4,004 2,810 6,814
At 29 February 2024 4,004 2,810 6,814
Depreciation
At 1 March 2023 2,338 1,503 3,841
Charge for the year 325 401 726
At 29 February 2024 2,663 1,904 4,567
Net book value
At 29 February 2024 1,341 906 2,247
At 28 February 2023 1,666 1,307 2,973
4 Debtors 2024 2023
£ £
Other debtors 1,680 1,680
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 511,940 210,449
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 264,523 (143,772)
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 877 -
Taxation and social security costs 262 276
Other creditors 1,884 1,368
3,023 1,644
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 346,619 327,996
8 Related party transactions
Included in creditors due after one year is an amount of £346,619 (2023: £327,996) owed to the director.
9 Other information
Aeros Partners Ltd is a private company limited by shares and incorporated in England. Its registered office is:
92 Hughenden Avenue
High Wycombe
Buckinghamshire
HP13 5SN
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