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REGISTERED NUMBER: 10295230 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Ailie Corporation Limited

Ailie Corporation Limited (Registered number: 10295230)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ailie Corporation Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr M J Dryden-Holt





SECRETARY: Mrs D L HambletonDryden-Holt





REGISTERED OFFICE: Unit 26 Brookside Industrial Estate
Sawtry
Huntingdon
Cambridgeshire
PE28 5SB





REGISTERED NUMBER: 10295230 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Ailie Corporation Limited (Registered number: 10295230)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,637 5,951

CURRENT ASSETS
Debtors 5 15,979 16,139
Cash at bank 212,483 155,120
228,462 171,259
CREDITORS
Amounts falling due within one year 6 216,435 15,550
NET CURRENT ASSETS 12,027 155,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,664

161,660

CREDITORS
Amounts falling due after more than one
year

7

3,869

144,183
NET ASSETS 13,795 17,477

CAPITAL AND RESERVES
Called up share capital 8 200 200
Capital contribution reserve 9 10,095 14,712
Retained earnings 9 3,500 2,565
SHAREHOLDERS' FUNDS 13,795 17,477

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ailie Corporation Limited (Registered number: 10295230)

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.

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

The financial statements were approved by the director and authorised for issue on 25 April 2025 and were signed by:





Mr M J Dryden-Holt - Director


Ailie Corporation Limited (Registered number: 10295230)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Ailie Corporation 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.

The financial statements have been prepared on a going concern basis. The Director considers this basis to be appropriate at 31 July 2024.

Should the company be unable to continue trading, adjustments would have to be made to adjust the value of the assets to their recoverable amount and to provide for any further liabilities which might arise.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents commissions received on the trading of goods transacted. Commission is recognised when it falls due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


Ailie Corporation Limited (Registered number: 10295230)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 26,689 - 26,689
Additions - 1,252 1,252
At 31 July 2024 26,689 1,252 27,941
DEPRECIATION
At 1 August 2023 20,738 - 20,738
Charge for year 1,488 78 1,566
At 31 July 2024 22,226 78 22,304
NET BOOK VALUE
At 31 July 2024 4,463 1,174 5,637
At 31 July 2023 5,951 - 5,951

Ailie Corporation Limited (Registered number: 10295230)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 2,811 2,811
Other debtors 12,000 12,000
Tax - 77
Deferred tax asset 1,168 1,251
15,979 16,139

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed to group undertakings 201,903 -
Tax 227 -
Directors' loan accounts 10,706 11,189
Accrued expenses 3,599 4,361
216,435 15,550

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Amounts owed to group undertakings - 143,532
Amounts owed to associates 3,869 651
3,869 144,183

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100
100 B Ordinary £1 100 100
200 200

9. RESERVES
Capital
Retained contribution
earnings reserve Totals
£    £    £   

At 1 August 2023 2,565 14,712 17,277
Deficit for the year (8,679 ) (8,679 )
Addition - 4,997 4,997
Transfer 9,614 (9,614 ) -
At 31 July 2024 3,500 10,095 13,595

Ailie Corporation Limited (Registered number: 10295230)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. ULTIMATE PARENT COMPANY

The ultimate parent company is Weir Holdings LLC. The registered address is Euro House, Richmond Hill Road, Kingstown, St Vincent and the Grenadines.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director Michael John Dryden-Holt.