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REGISTERED NUMBER: SC202866 (Scotland)




















A & I Property Management Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025






A & I Property Management Limited (Registered number: SC202866)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & I Property Management Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: R Irshad
J Irshad
I Irshad
A Irshad



SECRETARY: I Irshad



REGISTERED OFFICE: 8 Margaret Rose Crescent
Edinburgh
EH10 7EZ



REGISTERED NUMBER: SC202866 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
206 St John's Road
Edinburgh
EH12 8SH

A & I Property Management Limited (Registered number: SC202866)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,097 2,193
Investment property 5 5,427,850 5,140,000
5,428,947 5,142,193

CURRENT ASSETS
Debtors 6 3,625 8,333
Cash at bank 155,342 343,167
158,967 351,500
CREDITORS
Amounts falling due within one year 7 194,046 178,865
NET CURRENT (LIABILITIES)/ASSETS (35,079 ) 172,635
TOTAL ASSETS LESS CURRENT LIABILITIES 5,393,868 5,314,828

CREDITORS
Amounts falling due after more than one
year

8

(1,475,683

)

(1,537,488

)

PROVISIONS FOR LIABILITIES (139,759 ) (139,759 )
NET ASSETS 3,778,426 3,637,581

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 1,321,909 1,321,909
Retained earnings 10 2,456,417 2,315,572
3,778,426 3,637,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

A & I Property Management Limited (Registered number: SC202866)

Balance Sheet - continued
31 January 2025


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:





I Irshad - Director


A & I Property Management Limited (Registered number: SC202866)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

A & I Property Management Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover and revenue recognition
Turnover represents net invoiced rental income, excluding value added tax.

Rent is recognised in accordance with the lease agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investment property
Investment properties are shown at their fair value. Any surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market conditions is not considered to be permanent.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve with the relevant change in fair value.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

A & I Property Management Limited (Registered number: SC202866)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable that the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 5,484
DEPRECIATION
At 1 February 2024 3,291
Charge for year 1,096
At 31 January 2025 4,387
NET BOOK VALUE
At 31 January 2025 1,097
At 31 January 2024 2,193

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 5,140,000
Additions 287,850
At 31 January 2025 5,427,850
NET BOOK VALUE
At 31 January 2025 5,427,850
At 31 January 2024 5,140,000

A & I Property Management Limited (Registered number: SC202866)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. INVESTMENT PROPERTY - continued

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2019 1,288,504
Valuation in 2024 192,184
Cost 3,947,162
5,427,850

If Investment properties had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 3,947,162 3,659,312

Investment properties were valued on an open market basis on 3 November 2023 by Shepherd, Chartered Surveyors .

An additional valuation was carried out by J&E Shepherd, Chartered Surveyors, During November 2023. The directors believe these valuations are still appropriate at 31 January 2025.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 3,625 8,333

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 67,044 62,512
Taxation and social security 70,503 67,580
Other creditors 56,499 48,773
194,046 178,865

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 1,475,683 1,537,488

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,155,251 1,238,716

A & I Property Management Limited (Registered number: SC202866)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 1,542,727 1,600,000

Hampden & Co holds a fixed charge over four of the company's properties and floating charge over the company's assets.

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2024 2,315,572 1,321,909 3,637,481
Profit for the year 201,445 201,445
Dividends (60,600 ) (60,600 )
At 31 January 2025 2,456,417 1,321,909 3,778,326