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Company No: 11055287 (England and Wales)

AI LONDON INVESTMENTS LTD

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

AI LONDON INVESTMENTS LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

AI LONDON INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
AI LONDON INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 30.06.2024 30.06.2023
£ £
Fixed assets
Investment property 4 850,000 850,000
Investments 5 3,594,971 3,368,482
4,444,971 4,218,482
Current assets
Debtors 6 91,927 88,031
Cash at bank and in hand 7 4,963 2,599
96,890 90,630
Creditors: amounts falling due within one year 8 ( 80,391) ( 72,178)
Net current assets 16,499 18,452
Total assets less current liabilities 4,461,470 4,236,934
Provision for liabilities 9 ( 21,089) 0
Net assets 4,440,381 4,236,934
Capital and reserves
Called-up share capital 10 5,055,988 5,055,988
Profit and loss account ( 615,607 ) ( 819,054 )
Total shareholder's funds 4,440,381 4,236,934

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of AI London Investments Ltd (registered number: 11055287) were approved and authorised for issue by the Director. They were signed on its behalf by:

Aundrea Mary Insinna
Director

21 March 2025

AI LONDON INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
AI LONDON INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

AI London Investments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 27b High Street, Croughton, Brackley, NN13 5LT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 33 % reducing balance
not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

2. Employees

30.06.2024 30.06.2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 July 2023 899 899
At 30 June 2024 899 899
Accumulated depreciation
At 01 July 2023 899 899
At 30 June 2024 899 899
Net book value
At 30 June 2024 0 0
At 30 June 2023 0 0

4. Investment property

Investment property
£
Valuation
As at 01 July 2023 850,000
As at 30 June 2024 850,000

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

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

30.06.2024 30.06.2023
£ £
Historic cost 1,004,383 1,004,383

5. Fixed asset investments

Listed investments Other investments Total
£ £ £
Cost or valuation before impairment
At 01 July 2023 3,185,694 182,788 3,368,482
Additions 1,006,786 0 1,006,786
Disposals ( 986,778) 0 ( 986,778)
Movement in fair value 179,256 27,225 206,481
At 30 June 2024 3,384,958 210,013 3,594,971
Carrying value at 30 June 2024 3,384,958 210,013 3,594,971
Carrying value at 30 June 2023 3,185,694 182,788 3,368,482

6. Debtors

30.06.2024 30.06.2023
£ £
Other debtors 91,927 88,031

7. Cash and cash equivalents

30.06.2024 30.06.2023
£ £
Cash at bank and in hand 4,963 2,599

8. Creditors: amounts falling due within one year

30.06.2024 30.06.2023
£ £
Trade creditors 926 1,837
Amounts owed to group undertakings 15,076 9,401
Taxation and social security 10,679 8,650
Other creditors 53,710 52,290
80,391 72,178

9. Deferred tax

30.06.2024 30.06.2023
£ £
At the beginning of financial year 0 ( 18)
(Charged)/credited to the Statement of Income and Retained Earnings ( 21,089) 18
At the end of financial year ( 21,089) 0

10. Called-up share capital

30.06.2024 30.06.2023
£ £
Allotted, called-up and fully-paid
5,055,988 Ordinary shares of £ 1.00 each 5,055,988 5,055,988