Aeolian Property Limited - Filleted accounts

Registered number

09821387

Aeolian Property Limited

Unaudited Filleted Accounts

31 December 2024

Aeolian Property Limited
Registered number:		09821387
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	2		559,960			559,960

Current assets
Cash at bank and in hand		45,963			40,693

Creditors: amounts falling due within one year	3	(71,679)			(59,332)

Net current liabilities			(25,716)			(18,639)

Total assets less current liabilities			534,244			541,321

Creditors: amounts falling due after more than one year	4		(123,478)			(154,334)

Net assets			410,766			386,987

Capital and reserves
Called up share capital			100			100
Share premium			178,611			178,611
Profit and loss account			232,055			208,276

Shareholders' funds			410,766			386,987

Number of employees			-			-

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Helen Mary Edwards
Director
Approved by the board on 17 September 2025

Aeolian Property Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rental of commercial property.

	Investment properties
	Investment property which is held to earn rents and/or for capital appreciation, is measured at its fair value. The surplus or deficit on revaluation is recognised within the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Tangible fixed assets
				Land and buildings
£
	Cost
	At 1 January 2024			559,960
	At 31 December 2024			559,960

	Net book value
	At 31 December 2024			559,960
	At 31 December 2023			559,960

	In the opinion of the director the fair value of the property at the period end is not significantly different to the original purchase cost.


3	Creditors: amounts falling due within one year	2024		2023
£			£

	Corporation tax	13,046		6,022
	Other creditors	58,633		53,310
		71,679		59,332


4	Creditors: amounts falling due after one year	2024		2023
£			£

	Other creditors	123,478		154,334


5	Related party transactions

	During the year the company entered into transactions, in the ordinary course of business, with other related parties. Transactions entered into and the balances outstanding at 31 December, are as follows:

		2024		2023
£			£
	Entities with significant influence over the company
	Rents charged to related parties	48,000		48,000
	Interest charged by related parties	15,023		16,209
	Amount due to related parties	181,402		206,862


6	Other information

	Aeolian Property Limited is a private company limited by shares and incorporated in England. Its registered office is:

	The Old Grammar School
	Hallgate
	Hexham
	Northumberland
	NE46 1XD