IRIS Accounts Production v24.3.2.46 11090138 Board of Directors 1.10.23 30.9.24 30.9.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110901382023-09-30110901382024-09-30110901382023-10-012024-09-30110901382022-09-30110901382022-10-012023-09-30110901382023-09-3011090138ns15:EnglandWales2023-10-012024-09-3011090138ns14:PoundSterling2023-10-012024-09-3011090138ns10:Director12023-10-012024-09-3011090138ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3011090138ns10:SmallEntities2023-10-012024-09-3011090138ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3011090138ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3011090138ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3011090138ns10:FullAccounts2023-10-012024-09-3011090138ns10:OrdinaryShareClass12023-10-012024-09-3011090138ns10:Director22023-10-012024-09-3011090138ns10:Director32023-10-012024-09-3011090138ns10:Director42023-10-012024-09-3011090138ns10:RegisteredOffice2023-10-012024-09-3011090138ns5:CurrentFinancialInstruments2024-09-3011090138ns5:CurrentFinancialInstruments2023-09-3011090138ns5:Non-currentFinancialInstruments2024-09-3011090138ns5:Non-currentFinancialInstruments2023-09-3011090138ns5:ShareCapital2024-09-3011090138ns5:ShareCapital2023-09-3011090138ns5:FurtherSpecificReserve3ComponentTotalEquity2024-09-3011090138ns5:FurtherSpecificReserve3ComponentTotalEquity2023-09-3011090138ns5:RetainedEarningsAccumulatedLosses2024-09-3011090138ns5:RetainedEarningsAccumulatedLosses2023-09-3011090138ns5:CostValuation2023-09-3011090138ns5:CostValuation2024-09-3011090138ns5:RevaluationsIncreaseDecreaseInInvestments2024-09-3011090138ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3011090138ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3011090138ns5:Secured2024-09-3011090138ns5:Secured2023-09-3011090138ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 11090138 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

AI (SOUTH EAST) LIMITED

AI (SOUTH EAST) LIMITED (REGISTERED NUMBER: 11090138)

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 (SOUTH EAST) LIMITED

Company Information
for the year ended 30 September 2024







Directors: P J Davies
S R Lavers
N J Lavers
J J Davies





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





Registered number: 11090138 (England and Wales)





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

AI (SOUTH EAST) LIMITED (REGISTERED NUMBER: 11090138)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investments 4 1,037,485 996,897

Current assets
Debtors 5 3,586,949 3,621,887
Cash at bank 10,650 59,489
3,597,599 3,681,376
Creditors
Amounts falling due within one year 6 4,577 4,149
Net current assets 3,593,022 3,677,227
Total assets less current liabilities 4,630,507 4,674,124

Creditors
Amounts falling due after more than one
year

7

4,115,625

4,174,955
Net assets 514,882 499,169

Capital and reserves
Called up share capital 9 50,000 50,000
Fair value reserve 705,559 664,971
Retained earnings (240,677 ) (215,802 )
Shareholders' funds 514,882 499,169

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 (SOUTH EAST) LIMITED (REGISTERED NUMBER: 11090138)

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


1. Statutory information

AI (South East) 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.

Preparation of consolidated financial statements
The financial statements contain information about AI (South East) 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.

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.

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
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.

Investments in subsidiaries
Investments in subsidiaries are measured at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. The non-distributable surplus/deficit is then transferred to a fair value reserve.

Fair value is determined by estimating the transaction price for the investment in an arm's length exchange at the measurement date. This is based on movements in the value of the assets owned by the subsidiary. For both subsidiaries in the group fair value is primarily determined by the fair value of the investment property owned by those subsidiaries.

Investments in associates
Investments in associate undertakings are recognised at cost less impairment.

AI (SOUTH EAST) LIMITED (REGISTERED NUMBER: 11090138)

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


3. Employees and directors

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

4. Fixed asset investments
Shares in
group Interest in
undertakings associate Totals
£ £ £
Cost or valuation
At 1 October 2023 994,897 2,000 996,897
Revaluations 40,588 - 40,588
At 30 September 2024 1,035,485 2,000 1,037,485
Net book value
At 30 September 2024 1,035,485 2,000 1,037,485
At 30 September 2023 994,897 2,000 996,897

Cost or valuation at 30 September 2024 is represented by:

Shares in
group Interest in
undertakings associate Totals
£ £ £
Valuation in 2019 299,502 - 299,502
Valuation in 2020 157,050 - 157,050
Valuation in 2021 114,180 - 114,180
Valuation in 2022 85,966 - 85,966
Valuation in 2023 8,273 - 8,273
Valuation in 2024 40,588 - 40,588
Cost 329,926 2,000 331,926
1,035,485 2,000 1,037,485

If investments had not been revalued they would have been included at the following historical cost:

2024 2023
£ £
Cost 331,926 331,926

Investments were valued on an open market basis on 30 September 2024 by the directors .

5. Debtors
2024 2023
£ £
Amounts falling due within one year:
Other debtors 649 621

Amounts falling due after more than one year:
Amounts owed by group undertakings 3,586,300 3,621,266

Aggregate amounts 3,586,949 3,621,887

AI (SOUTH EAST) LIMITED (REGISTERED NUMBER: 11090138)

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


6. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 4,577 4,149

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 4,115,625 4,174,955

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Other loans 4,115,625 4,174,955

Included in creditors due after more than one year are other loans totalling £4,115,625 (2023: £4,174,955) which have been secured by a fixed and floating charge over all property and undertakings of the company.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
50,000 Ordinary £1 50,000 50,000

10. Related party disclosures

At the period end date, the entity was owed £3,586,299 (2023: £3,621,267) from it's subsidiaries.