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REGISTERED NUMBER: 11090457 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

AI (TWICKENHAM) LIMITED

AI (TWICKENHAM) LIMITED (REGISTERED NUMBER: 11090457)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AI (TWICKENHAM) LIMITED

Company Information
for the year ended 30 September 2024







Directors: P J Davies
S R Lavers





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 11090457 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

AI (TWICKENHAM) LIMITED (REGISTERED NUMBER: 11090457)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investment property 4 3,190,000 3,190,000

Current assets
Debtors 5 45,934 56,695
Cash at bank 1,999 -
47,933 56,695
Creditors
Amounts falling due within one year 6 23,964 26,861
Net current assets 23,969 29,834
Total assets less current liabilities 3,213,969 3,219,834

Creditors
Amounts falling due after more than one
year

7

(2,553,692

)

(2,591,837

)

Provisions for liabilities 8 (79,759 ) (79,759 )
Net assets 580,518 548,238

Capital and reserves
Called up share capital 100 100
Fair value reserve 239,337 239,337
Retained earnings 341,081 308,801
Shareholders' funds 580,518 548,238

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:



S R Lavers - Director


AI (TWICKENHAM) LIMITED (REGISTERED NUMBER: 11090457)

Notes to the Financial Statements
for the year ended 30 September 2024


1. Statutory information

AI (Twickenham) 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. 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

Turnover
Turnover is derived from rents received from the company's principal activity of commercial rental business.

Turnover represents rents receivable in accordance with underlying lease agreements and is exclusive of VAT. All revenue is anticipated to be generated in the UK.

Lease incentives are recognised on a straight line basis over the length of the lease.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


AI (TWICKENHAM) LIMITED (REGISTERED NUMBER: 11090457)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


2. Accounting policies - continued
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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. The non-distributable surplus/deficit is then transfered to a fair value reserve.

Fair values are determined using various assumptions surrounding the potential demand from prospective purchasers and tenants for the revalued property, the amount a prospective purchaser is willing to pay and the future condition of the property.

Deferred taxation is provided on gains at the rate expected to apply when the property is sold.

3. Employees and directors

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

4. Investment property
Total
£
Cost or valuation
At 1 October 2023
and 30 September 2024 3,190,000
Net book value
At 30 September 2024 3,190,000
At 30 September 2023 3,190,000

Cost or valuation at 30 September 2024 is represented by:
£
Valuation in 2019 319,095
Cost 2,870,905
3,190,000

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

2024 2023
£ £
Cost 2,870,905 2,870,905

Investment property was valued on an open market basis on 30 September 2024 by the directors .

AI (TWICKENHAM) LIMITED (REGISTERED NUMBER: 11090457)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


5. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 45,934 56,695

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts - 14
Taxation and social security 1,737 6,125
Other creditors 22,227 20,722
23,964 26,861

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Amounts owed to group undertakings 2,553,692 2,591,837

8. Provisions for liabilities
2024 2023
£ £
Deferred tax
Property stated at fair value 79,759 79,759

Deferred tax
£
Balance at 1 October 2023 79,759
Balance at 30 September 2024 79,759

9. Related party disclosures

At the period end, the company owed the parent company of the group, a balance of £1,488,067 (2023: £1,506,833). The loan is repayable after more than one year and interest is charged at the lower of the Bank of England base rate plus 4%, or 5%.

At the period end, the company also owed the parent company of the group, a balance of £1,065,625 (2023: £1,085,003 The loan is repayable after more than one year and interest is charged at the Bank of England base rate plus 2%.