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REGISTERED NUMBER: 10661536 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

AIA INVESTMENT LIMITED

AIA INVESTMENT LIMITED (REGISTERED NUMBER: 10661536)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


AIA INVESTMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M Arif
A Issack





REGISTERED OFFICE: Ground Floor
Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS





REGISTERED NUMBER: 10661536 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

AIA INVESTMENT LIMITED (REGISTERED NUMBER: 10661536)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,235,000 1,235,000

CURRENT ASSETS
Debtors 5 1 -
Cash in hand 147 -
148 -
CREDITORS
Amounts falling due within one year 6 (171,908 ) (151,623 )
NET CURRENT LIABILITIES (171,760 ) (151,623 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,063,240

1,083,377

CREDITORS
Amounts falling due after more than one
year

7

(771,371

)

(783,282

)
NET ASSETS 291,869 300,095

CAPITAL AND RESERVES
Called up share capital 100 3
Capital redemption reserve 50 -
Retained earnings 291,719 300,092
SHAREHOLDERS' FUNDS 291,869 300,095

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 31 January 2025 and were signed on its behalf by:




M Arif - Director



A Issack - Director


AIA INVESTMENT LIMITED (REGISTERED NUMBER: 10661536)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

AIA Investment 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.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 - 3 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 1,235,000
NET BOOK VALUE
At 31 March 2024 1,235,000
At 31 March 2023 1,235,000

Investment properties were revalued on 31 March 2023 by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1 -

AIA INVESTMENT LIMITED (REGISTERED NUMBER: 10661536)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 49,404 37,834
Trade creditors - 1,386
Other creditors 122,504 112,403
171,908 151,623

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 771,371 783,282

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 562,411 624,959

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
A Issack
Balance outstanding at start of year (36,210 ) (38,714 )
Amounts advanced 448 2,504
Amounts repaid (500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (36,262 ) (36,210 )

M Arif
Balance outstanding at start of year (36,210 ) (38,714 )
Amounts advanced 448 2,504
Amounts repaid (500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (36,262 ) (36,210 )

M A Arif
Balance outstanding at start of year (36,210 ) (38,714 )
Amounts advanced 36,210 2,504
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (36,210 )

9. RELATED PARTY DISCLOSURES

During the year the company entered into a share buy back with Mr M A Arif to purchase his entire shareholding in the company. Clearance was received in relation to the capital treatment of the purchase of own shares on 1 December 2023 and the buy back completed on 10 December 2023. As set out in the clearance application, the buy back was part of a wider settlement agreement with Mr M A Arif and the company, as his employment and directorship were also terminated.