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Company No: 10807251 (England and Wales)

AET TRANSPORT PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

AET TRANSPORT PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

AET TRANSPORT PROPERTIES LIMITED

BALANCE SHEET

As at 31 August 2024
AET TRANSPORT PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 3,328,820 3,200,000
3,328,820 3,200,000
Current assets
Debtors 4 113,526 583
Cash at bank and in hand 18,615 10,460
132,141 11,043
Creditors: amounts falling due within one year 5 ( 2,216,509) ( 1,930,702)
Net current liabilities (2,084,368) (1,919,659)
Total assets less current liabilities 1,244,452 1,280,341
Creditors: amounts falling due after more than one year 6 ( 314,332) ( 423,544)
Net assets 930,120 856,797
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 930,020 856,697
Total shareholder's funds 930,120 856,797

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of AET Transport Properties Limited (registered number: 10807251) were approved and authorised for issue by the Board of Directors on 20 May 2025. They were signed on its behalf by:

A E Trotter
Director
AET TRANSPORT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
AET TRANSPORT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 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

AET Transport Properties Limited (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 8 Allens Lane, Hamworthy, Poole, BH16 5DA, 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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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 Balance Sheet date.

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, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 5 years straight line
Vehicles 5 years straight line

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 September 2023 3,200,000 0 0 3,200,000
Additions 0 112,000 48,525 160,525
At 31 August 2024 3,200,000 112,000 48,525 3,360,525
Accumulated depreciation
At 01 September 2023 0 0 0 0
Charge for the financial year 0 22,000 9,705 31,705
At 31 August 2024 0 22,000 9,705 31,705
Net book value
At 31 August 2024 3,200,000 90,000 38,820 3,328,820
At 31 August 2023 3,200,000 0 0 3,200,000

4. Debtors

2024 2023
£ £
Trade debtors 58,113 0
Amounts owed by Group undertakings 37,957 0
Other debtors 17,456 583
113,526 583

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 109,212 104,847
Trade creditors 120,082 0
Amounts owed to Group undertakings 1,756,651 1,792,383
Taxation and social security 72,337 31,347
Obligations under finance leases and hire purchase contracts 84,227 0
Other creditors 74,000 2,125
2,216,509 1,930,702

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 314,332 423,544

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Ultimate controlling party

Parent Company:

AET Transport Group Limited

The company's immediate parent is AET Transport Group Limited, incorporated in England and Wales.

The most senior parent entity producing publicly available financial statements is AET Transport Group Limited. These financial statements are available upon request from Alan's House, Holton, Heath Trading Park, Poole, Dorset, BH16 6LT.