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REGISTERED NUMBER: 12640707 (England and Wales)












Unaudited Financial Statements

for the Period 4 August 2023 to 31 July 2024

for

Aitres Ltd

Aitres Ltd (Registered number: 12640707)






Contents of the Financial Statements
for the Period 4 August 2023 to 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Aitres Ltd

Company Information
for the Period 4 August 2023 to 31 July 2024







DIRECTORS: A I Turcu
Ms M M Lewis





SECRETARY:





REGISTERED OFFICE: Williamston House
7 Goat Street
HAVERFORDWEST
Pembrokeshire
SA61 1PX





REGISTERED NUMBER: 12640707 (England and Wales)

Aitres Ltd (Registered number: 12640707)

Abridged Balance Sheet
31 July 2024

31.7.24 3.8.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 -
Investment property 5 1,084,003 480,000
1,084,004 480,000

CURRENT ASSETS
Debtors 160,014 -
Cash at bank 2,183 158
162,197 158
CREDITORS
Amounts falling due within one year 345,289 4,190
NET CURRENT LIABILITIES (183,092 ) (4,032 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

900,912

475,968

CREDITORS
Amounts falling due after more than one year 6 (637,641 ) (206,791 )

PROVISIONS FOR LIABILITIES (15,197 ) (15,197 )
NET ASSETS 248,074 253,980

CAPITAL AND RESERVES
Called up share capital 228,600 230,100
Fair value reserve 8 64,786 64,786
Retained earnings (45,312 ) (40,906 )
SHAREHOLDERS' FUNDS 248,074 253,980

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

Aitres Ltd (Registered number: 12640707)

Abridged Balance Sheet - continued
31 July 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





A I Turcu - Director


Aitres Ltd (Registered number: 12640707)

Notes to the Financial Statements
for the Period 4 August 2023 to 31 July 2024

1. STATUTORY INFORMATION

Aitres Ltd 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.

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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 period 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 period was NIL (2023 - NIL).

Aitres Ltd (Registered number: 12640707)

Notes to the Financial Statements - continued
for the Period 4 August 2023 to 31 July 2024

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 1
At 31 July 2024 1
NET BOOK VALUE
At 31 July 2024 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 4 August 2023 480,000
Additions 604,003
At 31 July 2024 1,084,003
NET BOOK VALUE
At 31 July 2024 1,084,003
At 3 August 2023 480,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2022 56,000
Valuation in 2023 23,982
Cost 1,004,021
1,084,003

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.7.24 3.8.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 528,882 -
Other loans more 5yrs instal 108,759 -
637,641 -

Aitres Ltd (Registered number: 12640707)

Notes to the Financial Statements - continued
for the Period 4 August 2023 to 31 July 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 3.8.23
£    £   
Bank loans 528,882 -
Other loans 337,019 -
Paratus AMC Limited - 89,761
The Mortgage Works (UK) PLC - 117,030
865,901 206,791

Shawbrook Bank hold a charge dated 10 May 2024.

Aldermore hold a charge dated 4 April 2024.

Natwest hold a charge dated 31 May 2024.

8. RESERVES
Fair
value
reserve
£   
At 4 August 2023
and 31 July 2024 64,786