Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-272024-09-27The principal activity of the company continued to be that of rental property.2023-04-01false00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09816663 2023-04-01 2024-09-27 09816663 2022-04-01 2023-03-31 09816663 2024-09-27 09816663 2023-03-31 09816663 c:Director1 2023-04-01 2024-09-27 09816663 c:Director1 2024-09-27 09816663 c:RegisteredOffice 2023-04-01 2024-09-27 09816663 d:FreeholdInvestmentProperty 2024-09-27 09816663 d:FreeholdInvestmentProperty 2023-03-31 09816663 d:FreeholdInvestmentProperty 2 2023-04-01 2024-09-27 09816663 d:CurrentFinancialInstruments 2024-09-27 09816663 d:CurrentFinancialInstruments 2023-03-31 09816663 d:TaxLossesCarry-forwardsDeferredTax 2024-09-27 09816663 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 09816663 d:OtherDeferredTax 2024-09-27 09816663 d:OtherDeferredTax 2023-03-31 09816663 c:FRS102 2023-04-01 2024-09-27 09816663 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-27 09816663 c:FullAccounts 2023-04-01 2024-09-27 09816663 c:PrivateLimitedCompanyLtd 2023-04-01 2024-09-27 09816663 5 2023-04-01 2024-09-27 09816663 f:PoundSterling 2023-04-01 2024-09-27 iso4217:GBP xbrli:pure

Registered number: 09816663









AI CAPITAL INVESTMENTS LIMITED







UNAUDITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 27 SEPTEMBER 2024

 
AI CAPITAL INVESTMENTS LIMITED
 
 
COMPANY INFORMATION


Director
Mohammed Adnan Imam (appointed 1 March 2024)




Registered number
09816663



Registered office
2nd Floor
22 Gilbert Street

London

W1K 5HD





 
AI CAPITAL INVESTMENTS LIMITED
 

CONTENTS



Page
Strategic report
Director's report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8


This report was approved by the board on 26 June 2025 and signed on its behalf.





 
AI CAPITAL INVESTMENTS LIMITED
 
 
 
DIRECTOR'S REPORT
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

The director presents his report and the financial statements for the Period ended 27 September 2024.

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 26 June 2025 and signed on its behalf.
 





................................................
Mohammed Adnan Imam
Director

Page 1

 
AI CAPITAL INVESTMENTS LIMITED
REGISTERED NUMBER: 09816663

BALANCE SHEET
AS AT 27 SEPTEMBER 2024

27 September
31 March
2024
2023
Note
£
£

  

Fixed assets
  
1,380,000
1,380,000

Current assets
  
208,637
197,775

Creditors: amounts falling due within one year
 7 
(1,203,809)
(1,175,579)

Net current liabilities
  
 
 
(995,172)
 
 
(977,804)

Total assets less current liabilities
  
384,828
402,196

Provisions for liabilities
  

Deferred taxation
  
(22,820)
(22,820)

  
 
 
(22,820)
 
 
(22,820)

Net assets
  
362,008
379,376


  

Capital and reserves
  
362,008
379,376


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 June 2025.




Mohammed Adnan Imam
Director

The notes on pages 4 to 8 form part of these financial statements.
Page 2

 
AI CAPITAL INVESTMENTS LIMITED
REGISTERED NUMBER: 09816663
    
BALANCE SHEET (CONTINUED)
AS AT 27 SEPTEMBER 2024


Page 3

 
AI CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

1.


General information

Buying and selling of own real estate

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

Page 4

 
AI CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the Period in which they are incurred.

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

The average monthly number of employees, including directors, during the Period was 0 (2023 - 0).

Page 5

 
AI CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

4.


Investment property





Freehold investment property

£



Valuation


At 1 April 2023
1,800,000


Surplus on revaluation
(420,000)



At 27 September 2024
1,380,000

The 2024 valuations were made by [Enter surveyor name here...], on an open market value for existing use basis.



At 27 September 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:




5.


Debtors

27 September
31 March
2024
2023
£
£


Trade debtors
57,115
62,533

Other debtors
151,460
135,242

208,575
197,775


Page 6

 
AI CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024

6.


Cash and cash equivalents

27 September
31 March
2024
2023
£
£

Cash at bank and in hand
62
-

Less: bank overdrafts
(1,035)
-

(973)
-



7.


Creditors: Amounts falling due within one year

27 September
31 March
2024
2023
£
£

Bank overdrafts
1,035
-

Bank loans
860,892
1,004,315

Trade creditors
26,507
26,505

Amounts owed to group undertakings
(1)
1

Other creditors
315,376
144,758

1,203,809
1,175,579



8.


Deferred taxation






2024


£






At beginning of year
(22,820)



At end of year
(22,820)

Page 7

 
AI CAPITAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2024
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

27 September
31 March
2024
2023
£
£


Tax losses carried forward
-
63,825

Deferred Tax on revaluation reserve
(22,820)
(86,645)

(22,820)
(22,820)


9.


Related party transactions

The company owes £300,376 (2023: £129,758) to IPE Group (Holdings) Limited up until 15/09/2024


10.


Controlling party

The ultimate controlling party is Mr Mohammed Adnan Imam by virtue of his shareholding. It was before IPE Group (Holdings) Limited has the ultimate controlling interst as a parent company up until 15/09/2024 where Mr. Imam was the controlling party by virtue of his sharholding of IPE Group (Holdings) Limited.

 
Page 8