Registration number: 14867726

A&E Property Portfolio Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

A&E Property Portfolio Ltd

Company Information

Directors

Mr A M Cacchio Ms E R Masi

Registered office

32 Amethyst Road Swindon Wiltshire SN25 2SF

Accountants

Regulatory Accounting Ltd T/A Optimum Professional Services Vicarage Court 160 Ermin Street Swindon Wiltshire SN3 4NE

A&E Property Portfolio Ltd

(Registration number: 14867726)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,822	1,235
Investment property	5	1,104,299	1,104,299
		1,108,121	1,105,534
Current assets
Debtors	6	3,676	3,078
Cash at bank and in hand		11,606	5,553
		15,282	8,631
Creditors: Amounts falling due within one year	7	(11,771)	(11,230)
Net current assets/(liabilities)		3,511	(2,599)
Total assets less current liabilities		1,111,632	1,102,935
Creditors: Amounts falling due after more than one year	7	(1,107,097)	(1,107,097)
Net assets/(liabilities)		4,535	(4,162)
Capital and reserves
Called up share capital		2	2
Retained earnings		4,533	(4,164)
Shareholders' funds/(deficit)		4,535	(4,162)

A&E Property Portfolio Ltd

(Registration number: 14867726)
Balance Sheet as at 31 May 2025

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 September 2025 and signed on its behalf by:
 

......................................... Mr A M Cacchio Director

......................................... Ms E R Masi Director

A&E Property Portfolio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
32 Amethyst Road
Swindon
Wiltshire
SN25 2SF
England

These financial statements were authorised for issue by the Board on 3 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of the financial statements is Pound Sterling (£), rounded to the nearest whole number.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

A&E Property Portfolio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	33% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

A&E Property Portfolio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 June 2024	1,853	1,853
Additions	4,773	4,773
At 31 May 2025	6,626	6,626
Depreciation
At 1 June 2024	618	618
Charge for the year	2,186	2,186
At 31 May 2025	2,804	2,804
Carrying amount
At 31 May 2025	3,822	3,822
At 31 May 2024	1,235	1,235

5	Investment properties

	2025 £
At 1 June	1,104,299
At 31 May	1,104,299

There has been no valuation of investment property by an independent valuer.

6

Debtors

A&E Property Portfolio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Current	2025 £	2024 £
Prepayments	2,950	3,078
Other debtors	726	-
	3,676	3,078

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	1,368	1,140
Other creditors	10,403	10,090
	11,771	11,230

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	1,107,097	1,107,097

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	793,533	793,533
Other borrowings	313,564	313,564
	1,107,097	1,107,097

9	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £793,533 (2024 - £793,533). There are charges held, containing a negative pledge, over the company's property.

The Mortgage Works (UK) plc hold charges over the properties at 20 Bushton Close, Swindon & 15 Purcell Road, Swindon.
Paragon Bank plc hold charges over the property 3 Oare Lane, Swindon.
Saffron Building Society hold charge over the property 10 Dewell Mews, Swindon.