0
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2024-03-01
Sage Accounts Production Advanced 2024 - FRS102_2024
290,000
290,000
290,000
200
200
200
xbrli:pure
xbrli:shares
iso4217:GBP
13160563
2024-03-01
2025-02-28
13160563
2025-02-28
13160563
2024-02-29
13160563
2023-03-01
2024-02-29
13160563
2024-02-29
13160563
2023-02-28
13160563
bus:LeadAgentIfApplicable
2024-03-01
2025-02-28
13160563
bus:Director1
2024-03-01
2025-02-28
13160563
bus:Director2
2024-03-01
2025-02-28
13160563
core:WithinOneYear
2025-02-28
13160563
core:WithinOneYear
2024-02-29
13160563
core:ShareCapital
2025-02-28
13160563
core:ShareCapital
2024-02-29
13160563
core:RevaluationReserve
2025-02-28
13160563
core:RevaluationReserve
2024-02-29
13160563
core:RetainedEarningsAccumulatedLosses
2025-02-28
13160563
core:RetainedEarningsAccumulatedLosses
2024-02-29
13160563
core:CostValuation
core:Non-currentFinancialInstruments
2025-02-28
13160563
core:Non-currentFinancialInstruments
2025-02-28
13160563
core:Non-currentFinancialInstruments
2024-02-29
13160563
core:LandBuildings
core:OwnedOrFreeholdAssets
2025-02-28
13160563
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-02-29
13160563
bus:SmallEntities
2024-03-01
2025-02-28
13160563
bus:AuditExemptWithAccountantsReport
2024-03-01
2025-02-28
13160563
bus:SmallCompaniesRegimeForAccounts
2024-03-01
2025-02-28
13160563
bus:PrivateLimitedCompanyLtd
2024-03-01
2025-02-28
13160563
bus:FullAccounts
2024-03-01
2025-02-28
COMPANY REGISTRATION NUMBER:
13160563
|
Filleted Unaudited Financial Statements |
|
Year ended 28 February 2025
|
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
|
|
|
Statement of financial position |
2 to 3 |
|
|
|
Notes to the financial statements |
4 to 6 |
|
|
|
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Aeon Financial Group Ltd |
|
Year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aeon Financial Group Ltd for the year ended 28 February 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Aeon Financial Group Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Aeon Financial Group Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aeon Financial Group Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Aeon Financial Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aeon Financial Group Ltd. You consider that Aeon Financial Group Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Aeon Financial Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES
Chartered accountants
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ
14 August 2025
|
Statement of Financial Position |
|
28 February 2025
Fixed assets
|
Tangible assets |
4 |
290,000 |
290,000 |
|
Investments |
5 |
200 |
200 |
|
--------- |
--------- |
|
290,200 |
290,200 |
|
|
|
|
Current assets
|
Debtors |
6 |
200 |
200 |
|
Cash at bank and in hand |
764 |
696 |
|
---- |
---- |
|
964 |
896 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
5,613 |
96,566 |
|
------- |
-------- |
|
Net current liabilities |
4,649 |
95,670 |
|
--------- |
--------- |
|
Total assets less current liabilities |
285,551 |
194,530 |
|
|
|
|
|
Provisions |
13,658 |
13,658 |
|
--------- |
--------- |
|
Net assets |
271,893 |
180,872 |
|
--------- |
--------- |
|
|
|
|
Statement of Financial Position (continued) |
|
28 February 2025
Capital and reserves
|
Called up share capital |
400 |
400 |
|
Revaluation reserve |
86,683 |
86,683 |
|
Profit and loss account |
184,810 |
93,789 |
|
--------- |
--------- |
|
Shareholders funds |
271,893 |
180,872 |
|
--------- |
--------- |
|
|
|
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 income and retained earnings has not been delivered.
For the year ending 28 February 2025 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
13 August 2025
, and are signed on behalf of the board by:
|
Mr A B Hill |
Mr A R Long |
|
Director |
Director |
|
|
Company registration number:
13160563
|
Notes to the Financial Statements |
|
Year ended 28 February 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Aeon Court, 108 Main Street, Bramley, Rotherham, S66 2SE.
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.
Going concern
The Statement of Financial Position at the year end date shows a net current liability position. However, the directors consider that the going concern basis is appropriate.
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. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. In the opinion of management, there are no judgements or key sources of estimation uncertainty that have a significant impact on the financial statements, other than those stated below.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Tangible assets
|
Freehold property |
|
£ |
|
Cost |
|
|
At 1 March 2024 and 28 February 2025 |
290,000 |
|
--------- |
|
Depreciation |
|
|
At 1 March 2024 and 28 February 2025 |
– |
|
--------- |
|
Carrying amount |
|
|
At 28 February 2025 |
290,000 |
|
--------- |
|
At 29 February 2024 |
290,000 |
|
--------- |
|
|
The former trading property in the ownership of Aeon Financial Services Limited become an investment property generating rental income in the year ended 29 February 2020. The directors carried out a revaluation of the property at 28 February 2022, at open market value, in the sum of £290,000, which gave rise to a revaluation surplus, as against the original cost, of £100,341. In March 2022, the property was transferred to Aeon Financial Group Limited at market value. At 28 February 2025, the directors consider the carrying open market value of £290,000 to be a fair valuation.
5.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 March 2024 and 28 February 2025 |
200 |
|
---- |
|
Impairment |
|
|
At 1 March 2024 and 28 February 2025 |
– |
|
---- |
|
|
|
Carrying amount |
|
|
At 28 February 2025 |
200 |
|
---- |
|
At 29 February 2024 |
200 |
|
---- |
|
|
Subsidiaries, associates and other investments
In March 2022, the company acquired 100% of the share capital in Aeon Financial Services Limited in a share-for-share exchange.
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
200 |
200 |
|
---- |
---- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
1,718 |
92,818 |
|
Corporation tax |
695 |
548 |
|
Bonds |
2,000 |
2,000 |
|
Other creditors |
1,200 |
1,200 |
|
------- |
-------- |
|
5,613 |
96,566 |
|
------- |
-------- |
|
|
|