REGISTERED NUMBER: 00249821 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALDRIDGE ESTATES INVESTMENT CO.LIMITED

(THE)

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

B M Shaffer

SECRETARY:

T S George

REGISTERED OFFICE:

16 Berghem Mews

Blythe Road

London

W14 0HN

REGISTERED NUMBER:

00249821 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Tangible assets

4

39,448

52,559

Investments

5

8,000,450

8,000,450

Investment property

6

606,267

606,267

8,646,165

8,659,276

CURRENT ASSETS

Debtors

7

2,864,792

2,980,427

Cash at bank

466,062

417,998

3,330,854

3,398,425

CREDITORS

Amounts falling due within one year

8

5,482,607

5,774,714

NET CURRENT LIABILITIES

(2,151,753

)

(2,376,289

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,494,412

6,282,987

CAPITAL AND RESERVES

Called up share capital

9

20,000

20,000

Retained earnings

6,474,412

6,262,987

SHAREHOLDERS' FUNDS

6,494,412

6,282,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2025 and were signed by:

B M Shaffer - Director

1.	STATUTORY INFORMATION

Aldridge Estates Investment Co.Limited (THE) is a private company, limited by shares , registered in England and Wales. 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

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006, except with regards to investment properties.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

In preparing the financial statements, management were not required to make any estimates or judgments which materially affect reported income, expenses, assets, liabilities or disclosure or contingent assets and liabilities.

TURNOVER

Turnover comprises revenue recognised by the Company in respect of rents and service charges receivable

INVESTMENT PROPERTY

Investment properties are not revalued annually at their open market value as required by FRS 102. The directors consider that no useful purpose would be served in incurring the expense of a professional valuation. In the absence of a professional valuation, it is not possible for the directors to estimate with reasonable accuracy the open market value of the properties.

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 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 income.

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.

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.

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.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 January 2024

and 31 December 2024

28,058

91,691

119,749

Depreciation

At 1 January 2024

27,539

39,651

67,190

Charge for year

104

13,007

13,111

At 31 December 2024

27,643

52,658

80,301

Net book value

At 31 December 2024

415

39,033

39,448

At 31 December 2023

519

52,040

52,559

5.	FIXED ASSET INVESTMENTS

Other

investments

£

Cost

At 1 January 2024

and 31 December 2024

8,000,450

Net book value

At 31 December 2024

8,000,450

At 31 December 2023

8,000,450

6.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 January 2024

and 31 December 2024

606,267

Net book value

At 31 December 2024

606,267

At 31 December 2023

606,267

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

28,022

19,844

Amounts owed by group undertakings

1,887,253

1,684,303

Other debtors

949,517

989,401

Directors' current accounts

-

10,273

Prepayments and accrued income

-

276,606

2,864,792

2,980,427

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

3,415

Amounts owed to group undertakings

2,746,700

2,753,173

Social security and other taxes

(266

)

11,008

Other creditors

2,443,767

2,777,589

Net wages control

18,203

18,730

Directors' current accounts

5,320

5,160

Accruals and deferred income

268,883

205,639

5,482,607

5,774,714

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

20,000

Ordinary

£1

20,000

20,000

10.	RELATED PARTY DISCLOSURES

2024

2023

£

£

Parent company

Amounts owed to related party payable on demand

2,746,700

2,753,173

Fellow group companies

Amounts owed by related parties payable on demand

1,887,253

1,684,303

Entities with common directors or controlling parties

Amounts due to related parties

2,269,342

2,602,663

Amounts due from related parties

934,241

984,241

Interest charged by related parties

235,692

195,750

Property repair fees charged by related parties

276,606

336,538

Net contribution to office costs

165,000

35,000

Directors

Interest free advance due to/(from) directors with no fixed repayment date

5,320

(5,114

)

11.	CONTROLLING PARTY

The Company's ultimate parent company is Greenbelt Limited, which is incorporated in the United Kingdom and registered in England and Wales. B M Shaffer has a controlling interest in the parent company. Copies of the parent company's accounts may be obtained by writing to the Company Secretary at 16 Berghem Mews, Blythe Road, London, W14 0HN.