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REGISTERED NUMBER: 09583714 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

AILA IMAGES LIMITED

AILA IMAGES LIMITED (REGISTERED NUMBER: 09583714)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AILA IMAGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: Mr B L Goldswain
Ms O Corewijn





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





REGISTERED NUMBER: 09583714 (England and Wales)






AILA IMAGES LIMITED (REGISTERED NUMBER: 09583714)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 18,194 31,071
Investments 6 1,153,055 1,026,835
1,171,249 1,057,906

CURRENT ASSETS
Debtors 7 25,078 175,449
Investments 8 624,043 1,199,387
Cash at bank 919,533 394,492
1,568,654 1,769,328
CREDITORS
Amounts falling due within one year 9 15,875 6,620
NET CURRENT ASSETS 1,552,779 1,762,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,724,028

2,820,614

PROVISIONS FOR LIABILITIES 16,144 7,280
NET ASSETS 2,707,884 2,813,334

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 2,707,784 2,813,234
SHAREHOLDERS' FUNDS 2,707,884 2,813,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

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 9th January 2025 and were signed on its behalf by:





Mr B L Goldswain - Director


AILA IMAGES LIMITED (REGISTERED NUMBER: 09583714)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

Aila Images Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Aila Images Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% straight line
Computer equipment - 20% straight line

All fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Other investments
Other investments are made up of listed investments held in an investment portfolio and these are recognised initially at fair value which is normally the transaction price. Subsequently, they are measured at fair value through profit or loss.

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.

AILA IMAGES LIMITED (REGISTERED NUMBER: 09583714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st June 2023 108,277 41,430 149,707
Additions 5,684 922 6,606
Disposals (58,580 ) (14,896 ) (73,476 )
At 31st May 2024 55,381 27,456 82,837
DEPRECIATION
At 1st June 2023 93,315 25,321 118,636
Charge for year 8,608 4,784 13,392
Eliminated on disposal (52,489 ) (14,896 ) (67,385 )
At 31st May 2024 49,434 15,209 64,643
NET BOOK VALUE
At 31st May 2024 5,947 12,247 18,194
At 31st May 2023 14,962 16,109 31,071

AILA IMAGES LIMITED (REGISTERED NUMBER: 09583714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1st June 2023 5 1,026,830 1,026,835
Additions - 161,123 161,123
Disposals - (93,481 ) (93,481 )
Revaluations - 58,583 58,583
Impairments (5 ) - (5 )
At 31st May 2024 - 1,153,055 1,153,055
NET BOOK VALUE
At 31st May 2024 - 1,153,055 1,153,055
At 31st May 2023 5 1,026,830 1,026,835

Cost or valuation at 31st May 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2022 - 69,368 69,368
Valuation in 2023 - (574,902 ) (574,902 )
Valuation in 2024 (5 ) 126,229 126,224
Cost 5 1,532,360 1,532,365
- 1,153,055 1,153,055

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 142,183
Other debtors 25,078 33,266
25,078 175,449

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 624,043 1,199,387

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 439 2,969
Other creditors 15,436 3,651
15,875 6,620

AILA IMAGES LIMITED (REGISTERED NUMBER: 09583714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2024 and 31st May 2023:

2024 2023
£    £   
Mr B L Goldswain and Ms O Corewijn
Balance outstanding at start of year 12,259 120,257
Amounts advanced 69,876 50,771
Amounts repaid (82,135 ) (158,769 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 12,259

This loan was unsecured with interest charged at HMRC approved rates and was repaid prior to the year end.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.