Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302No description of principal activityfalsetrue2023-05-01false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08033166 2023-05-01 2024-04-30 08033166 2022-05-01 2023-04-30 08033166 2024-04-30 08033166 2023-04-30 08033166 c:Director2 2023-05-01 2024-04-30 08033166 d:FreeholdInvestmentProperty 2024-04-30 08033166 d:FreeholdInvestmentProperty 2023-04-30 08033166 d:CurrentFinancialInstruments 2024-04-30 08033166 d:CurrentFinancialInstruments 2023-04-30 08033166 d:Non-currentFinancialInstruments 2024-04-30 08033166 d:Non-currentFinancialInstruments 2023-04-30 08033166 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08033166 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08033166 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08033166 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08033166 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 08033166 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 08033166 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 08033166 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 08033166 d:ShareCapital 2024-04-30 08033166 d:ShareCapital 2023-04-30 08033166 d:RetainedEarningsAccumulatedLosses 2024-04-30 08033166 d:RetainedEarningsAccumulatedLosses 2023-04-30 08033166 c:OrdinaryShareClass2 2023-05-01 2024-04-30 08033166 c:OrdinaryShareClass2 2024-04-30 08033166 c:OrdinaryShareClass2 2023-04-30 08033166 c:OrdinaryShareClass3 2023-05-01 2024-04-30 08033166 c:OrdinaryShareClass3 2024-04-30 08033166 c:OrdinaryShareClass3 2023-04-30 08033166 c:FRS102 2023-05-01 2024-04-30 08033166 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08033166 c:FullAccounts 2023-05-01 2024-04-30 08033166 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08033166 2 2023-05-01 2024-04-30 08033166 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08033166









AES (2012) LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
AES (2012) LTD
REGISTERED NUMBER: 08033166

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
820,000
820,000

  
820,000
820,000

Current assets
  

Debtors: amounts falling due within one year
 5 
3,052
2,765

Cash at bank and in hand
  
7,464
4,836

  
10,516
7,601

Creditors: amounts falling due within one year
 6 
(348,410)
(341,700)

Net current liabilities
  
 
 
(337,894)
 
 
(334,099)

Total assets less current liabilities
  
482,106
485,901

Creditors: amounts falling due after more than one year
 7 
(79,286)
(100,540)

  

Net assets
  
402,820
385,361


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
402,720
385,261

  
402,820
385,361


Page 1

 
AES (2012) LTD
REGISTERED NUMBER: 08033166
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 January 2025.




P Tilley
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
AES (2012) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 08033166. The Company's registered office is Tilton House Vicarage Bank, Alveley, Bridgnorth, Shropshire, England, WV15 6NB.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

 
2.2

Going concern

The directors have prepared the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental of investment properties
Turnover from the rental of investment properties, and utilities recharged, are recognised when all the following conditions are satisfied:
-   the amount of turnover can be measured reliably;
-   it is probable that the Company will receive consideration due for the period of rent and utilities;
-   the period of rent and utility usage can be measured reliably; and 
-   the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
AES (2012) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
AES (2012) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
820,000



At 30 April 2024
820,000


Comprising


Cost
846,446

Annual revaluation surplus/(deficit):


2017
51,054

2022
(17,500)

2023
(60,000)

At 30 April 2024
820,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.







5.


Debtors

2024
2023
£
£


Prepayments and accrued income
3,052
2,765

3,052
2,765


Page 5

 
AES (2012) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,110
8,921

Trade creditors
4,131
-

Corporation tax
4,035
4,339

Other creditors
330,627
326,626

Accruals and deferred income
1,507
1,814

348,410
341,700


Details of security provided:
Bank loans of £8,110 
(2023 - £8,921) are secured by fixed charges, held by The Royal Bank of Scotland PLC, over the properties to which they relate, which are known as: Apartments 1001, 1002, 1004, 1204, 1404 and 1504, Metropolitian House, One Hagley Road, Birmingham, B16 8HU.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
79,286
100,540

79,286
100,540


Details of security provided:
Bank loans of £79,286 (2023 - £100,540) are secured by fixed charges, held by The Royal Bank of Scotland PLC, over the properties to which they relate, which are known as: Apartments 1001, 1002, 1004, 1204, 1404 and 1504, Metropolitian House, One Hagley Road, Birmingham, B16 8HU

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable by instalments
46,846
64,857

46,846
64,857



Page 6

 
AES (2012) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,110
8,921


8,110
8,921


Amounts falling due 2-5 years

Bank loans
32,440
35,683


32,440
35,683

Amounts falling due after more than 5 years

Bank loans
46,846
64,857

46,846
64,857

87,396
109,461



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



28 (2023 - 28) Ordinary 'A' shares of £1.00 each
28
28
72 (2023 - 72) Ordinary 'B' shares of £1.00 each
72
72

100

100



10.


Related party transactions

As at the balance sheet date £326,627 (2023 - £326,627) was due to the directors. The loan is interest free and repayable on demand.

 
Page 7