Company No: 10356985 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

A D Eccleshall

REGISTERED OFFICE	45 Gresham Street
	EC2V 7BG
	London
	United Kingdom

COMPANY NUMBER

10356985 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	Onslow House
	Onslow Street
	Guildford
	GU1 4TL

	Note	2024		2023
		£		£
Fixed assets
Investments	3	7,525,296		6,947,831
		7,525,296		6,947,831
Current assets
Debtors	4	0		31,818
Cash at bank and in hand		199,398		82,724
		199,398		114,542
Creditors: amounts falling due within one year	5	( 6,627,246)		( 6,476,960)
Net current liabilities		(6,427,848)		(6,362,418)
Total assets less current liabilities		1,097,448		585,413
Net assets		1,097,448		585,413
Capital and reserves
Called-up share capital		50,001		50,001
Profit and loss account		1,047,447		535,412
Total shareholder's funds		1,097,448		585,413

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of A.I. Assets Limited (registered number: 10356985) were approved and authorised for issue by the Director on 24 September 2025. They were signed on its behalf by:

A D Eccleshall Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A.I. Assets Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 45 Gresham Street, EC2V 7BG, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of A.I. Assets Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 October 2023	6,947,831		6,947,831
Additions	2,915,697		2,915,697
Disposals	( 2,841,987)		( 2,841,987)
Movement in fair value	503,755		503,755
At 30 September 2024	7,525,296		7,525,296
Carrying value at 30 September 2024	7,525,296		7,525,296
Carrying value at 30 September 2023	6,947,831		6,947,831

4. Debtors

	2024		2023
	£		£
Deferred tax asset	0		31,803
Corporation tax	0		15
	0		31,818

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to director	6,454,895		6,453,833
Accruals	23,688		23,127
Deferred tax liability	121,143		0
Taxation and social security	27,520		0
	6,627,246		6,476,960

6. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	31,803		41,241
Charged to the Statement of Income and Retained Earnings	( 152,946)		( 9,438)
At the end of financial year	( 121,143)		31,803

7. Related party transactions

At the year end, the Company owed the director £6,454,895 (2022 - £6,453,833). This loan is unsecured, interest free and repayable on demand.

8. Ultimate controlling party

The ultimate controlling party is A D Eccleshall, by virtue of his shareholding and directorship in the Company.