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Draft

AAG CORPORATION LTD

Registered Number:08208913

For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements

2

Draft

For the year ended 30 September 2024
AAG CORPORATION LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3

Draft

Registered Number :

08208913

As at 30 September 2024

AAG CORPORATION LTD
Statement of Financial Position

£

£

2023
2024

Notes

Fixed assets

Financial assets

1,981,127
1,979,627
2
1,979,627
1,981,127

Current assets

1,099

Cash and cash equivalents

1,163
1,163
1,099

Trade and other payables: amounts falling due within one
year

(2,013,669)
(2,013,646)
3
(2,012,570)
(2,012,483)
Net current liabilities

Total assets less current liabilities

(32,856)
(31,443)
(32,856)
Net liabilities
(31,443)

Capital and reserves

Called up share capital

1,000
1,000

Retained earnings

(33,856)
(32,443)
(32,856)
(31,443)
Shareholders' funds

For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.

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

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

Mr Fiorenzo Stocco Director

These financial statements were approved and authorised for issue by the Board on 18 June 2025 and were signed by:

The notes form part of these financial statements

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4

Draft

For the year ended 30 September 2024
AAG CORPORATION LTD
Notes to the Financial Statements
Statutory Information

AAG CORPORATION LTD is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08208913.

Principal place of business:

c/o G Teoli & Co
Balfour House
741 High Road
London
N12 0BP

Registered address:

c/o G Teoli & Co.
Balfour House
741 High Road
London
N12 0BP

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.

GOING CONCERN

The financial statements have been prepared on the going concern basis, which is dependent on the continued
financial support from the Company's directors and other creditors and on the ability of the company to continue
trading. Should the directors and other creditors withdraw their support and the company be unable to continue
trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide
for any further liabilities that might arise and re-classify fixed assets as current assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

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5

Draft

For the year ended 30 September 2024
AAG CORPORATION LTD
Notes to the Financial Statements Continued

2. Investments held as fixed assets

Other investments

Shares in group
and
participating
interests

Total

At 01 October 2023

1,979,465
-
1,979,465

Cost

£

£

£

162
162
-

Additions

At 30 September 2024

1,979,465
162
1,979,627

At 30 September 2024

Net book value

1,979,465
162
1,979,627

At 01 October 2023

1,979,465
1,979,465
-

3. Trade and other payables: amounts falling due within one year

2023
2024

£

£

Trade creditors

600
613

Amounts owed to group undertaking and undertaking in which the
company has a participating interest

2,012,890
2,012,890

Other creditors

156
166
2,013,646
2,013,669

4. Related party transactions

ARMARC LTD owns 667 Ordinasry shares of £ 1. The balance of loans owing to Armarc ltd at 30.09.2024

was £ 1,343,660 (2023 - £ 1,343,660)

GINGO SRL owns 333 shares of £ 1. The balance of loans owing to Gingo Srl at 30.09.2024 was £ 669,230 (2023 -
£ 669,230)

5. Average number of persons employed

During the year the average number of employees was 0
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