Company Registration No. 09781305 (England and Wales)
Aldgate E1 Limited
Unaudited accounts
for the year ended 31 March 2024
Aldgate E1 Limited
Unaudited accounts
Contents
Aldgate E1 Limited
Company Information
for the year ended 31 March 2024
Directors
Jaswinder Bhogal
Simcha Asher Green
Company Number
09781305 (England and Wales)
Registered Office
2 Leman Street
London
E1W 9US
United Kingdom
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Aldgate E1 Limited
Statement of financial position
as at 31 March 2024
Debtors
1,862,110
1,862,110
Creditors: amounts falling due within one year
(2,304,488)
(2,276,492)
Net current liabilities
(442,378)
(414,382)
Net liabilities
(432,377)
(404,381)
Called up share capital
100
100
Profit and loss account
(432,477)
(404,481)
Shareholders' funds
(432,377)
(404,381)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2025 and were signed on its behalf by
Jaswinder Bhogal
Director
Company Registration No. 09781305
Aldgate E1 Limited
Notes to the Accounts
for the year ended 31 March 2024
Aldgate E1 Limited is a private company, limited by shares, registered in England and Wales, registration number 09781305. The registered office is 2 Leman Street, London, E1W 9US, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 accounts. 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.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Fair value at 1 April 2023
1
The fair value of the investment property is determined by the director with the benefit of external professionals and available data on current market rents and rental yields for comparable local properties adjusted for any difference in nature, location or condition of the specific property.
Investment properties have been pledged as security for borrowings of the wholly owned subsidiary of this company. The company is not allowed to pledge these assets as security for other borrowings.
5
Investments
Other investments
Valuation at 1 April 2023
10,000
Valuation at 31 March 2024
10,000
Aldgate E1 Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
1,862,110
1,862,110
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
1,015,569
989,373
Loans from directors
1,275,619
1,275,619
8
Transactions with related parties
At the year end the company owed £1,275,619 (2023 - £1,275,619) to the directors of the company, in respect of an interest free loan which is repayable on demand.
At the year end the company was owed £1,862,110 (2023 - £1,862,110) by Aldgate E2 Ltd, the subsidiary, in respect of interest free loans which are repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).