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COMPANY REGISTRATION NUMBER: 03683344
AAR Holdings Limited
Filleted Unaudited Financial Statements
31 December 2024
AAR Holdings Limited
Financial Statements
Year ended 31st December 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
AAR Holdings Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
£
Fixed assets
Investments
4
1,600,001
1,600,001
Creditors: amounts falling due within one year
5
1,591,627
1,591,800
------------
------------
Net current liabilities
1,591,627
1,591,800
------------
------------
Total assets less current liabilities
8,374
8,201
-------
-------
Capital and reserves
Called up share capital
6
8,374
8,201
-------
-------
Shareholders funds
8,374
8,201
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31st December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 15 April 2025 , and are signed on behalf of the board by:
Mr P B Phillips
Director
Company registration number: 03683344
AAR Holdings Limited
Notes to the Financial Statements
Year ended 31st December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91 Wimpole Street, London, W1G 0EF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Investments
Other investments other than loans
£
Cost
At 1st January 2024 and 31st December 2024
1,600,001
------------
Impairment
At 1st January 2024 and 31st December 2024
------------
Carrying amount
At 31st December 2024
1,600,001
------------
At 31st December 2023
1,600,001
------------
Subsidiaries, associates and other investments
Class of share
Percentage of shares held
Subsidiary undertakings
AAR Services Limited
Ordinary
100
AAR EOT Trustee Limited (dormant)
Ordinary
100
The results and capital and reserves for the year are as follows:
Capital and reserves
Profit/(loss) for the year
2024
2023
2024
2023
£
£
£
£
Subsidiary undertakings
AAR Services Limited
1,552,966
1,718,591
190,675
300,892
AAR EOT Trustee Limited (dormant)
1
1
------------
------------
----------
----------
The company owns 100% of the issued share capital of AAR Services Limited and AAR EOT Trustee Limited, a non trading company.
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,591,627
1,591,800
------------
------------
6. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A shares of £ 0.10 each
8,000
800
8,000
800
Ordinary B shares of £ 0.05 each
70,000
3,500
70,000
3,500
Ordinary C shares of £ 0.05 each
81,470
4,074
78,020
3,901
----------
-------
----------
-------
159,470
8,374
156,020
8,201
----------
-------
----------
-------
During the year 3,450 £0.05 ordinary C shares were issued to increase the share capital in the company.
7. Related party transactions
Transactions with related parties undertaken, such as are required to be disclosed under FRS102, were as follows:
2024 2023
£ £
Balance owed to:
Other related parties 1,591,627 1,591,800
------------ ------------
The amounts owed to related parties are in respect of short term interest free loans.