REGISTERED NUMBER: 00117238 (England and Wales)

A.A. Clark Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

C R Denton

P Newton

Registered office:

3rd Floor

86 - 90 Paul Street

London

EC2A 4NE

Registered number:

00117238 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

406

609

Investment property

5

4,350,000

4,350,000

4,350,406

4,350,609

Current assets

Debtors

6

2,892,015

2,854,175

Cash at bank

64,902

132,944

2,956,917

2,987,119

Creditors

Amounts falling due within one year

7

2,477,227

2,437,859

Net current assets

479,690

549,260

Total assets less current liabilities

4,830,096

4,899,869

Provisions for liabilities

49,847

49,847

Net assets

4,780,249

4,850,022

Capital and reserves

Called up share capital

8

3,003,550

3,003,550

Revaluation reserve

9

2,921,065

2,921,065

Retained earnings

(1,144,366

)

(1,074,593

)

Shareholders' funds

4,780,249

4,850,022

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 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

P Newton - Director

1.	Statutory information

A.A. Clark Limited 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

Accounting convention

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Turnover

Turnover represents the invoiced value, net of value added tax, of rental income receivable, spread over the life of the lease, accounting for rent free periods where appropriate.

Other operating income is comprised of management charges. Management charges are recognised at point of invoice.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over

their useful lives on the following bases:

Plant and machinery 25% straight line

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to the profit and loss account on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future The directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3.	Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 January 2024

and 31 December 2024

2,074

Depreciation

At 1 January 2024

1,465

Charge for year

203

At 31 December 2024

1,668

Net book value

At 31 December 2024

406

At 31 December 2023

609

5.	Investment property

Total

£

Fair value

At 1 January 2024

and 31 December 2024

4,350,000

Net book value

At 31 December 2024

4,350,000

At 31 December 2023

4,350,000

The directors have considered the market value of Investment properties and conclude the carrying value is not materially different from that stated in the financial statements.

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

13,300

22,238

Amounts owed by group undertakings

2,878,715

2,831,937

2,892,015

2,854,175

Amounts owed by group undertakings are unsecured, interest free and have no fixed date of repayment. However, the amount may not be recoverable within 12 months.

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

67,316

80,701

Taxation and social security

10,088

30,966

Other creditors

2,399,823

2,326,192

2,477,227

2,437,859

Included in creditors is a balance of £2,316,525 (2023 - £2,316,525) relating to a loan from a director. Please refer to note 11 for further details on securities and interest.

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

3,000,050

Ordinary

£1

3,000,050

3,000,050

7,000

Deferred shares

£0.50

3,500

3,500

3,003,550

3,003,550

In the event of winding up the shareholders of the Ordinary shares have a right to repayment of capital in priority to any repayment of capital of the Deferred shares. The Deferred shares have no voting or dividend rights and do not participate in the distribution of any surplus on winding up.

9.

Reserves

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

2,921,065

10.	Related party disclosures

Included in creditors is a balance of £2,316,525 (2023 - £2,316,525) relating to a loan from a director. The loan is secured by a fixed and floating charge over the company's assets and is repayable on three months notice. Interest payable on the loan during the 31 December 2024 amounted to £298,315 (2023 - £297,500).

The company has an overdraft facility of £100,000. The overdraft facility is guaranteed by a shareholder in the company's ultimate parent.

Parent company

The immediate and ultimate parent company at the year end is Aureole Windsor Limited, a company whose registered office is 3rd Floor 86 - 90 Paul Street, London, England, EC2A 4NE.

11.	Non distribution reserve

The non-distributable reserve on investment properties at 31 December 2024 amounted to £2,921,065 (2023 - £2,921,065).

12.	Operating lease commitments

Lessee

The lease is in respect of ground rent only, being £9,250 (2023: £9,250) per annum. The lease is held in the name of fellow subsidiary, Nimbus Securities Limited.

13.	Contingent asset

In accordance with the sale agreement in connection with the former subsidiary company, Windsor Vehicle Leasing Limited, there is an earn out arrangement based on future profits generated. The final position has yet to be determined, but a reasonable estimate of the amount receivable as the earn out receipt has been recognised in these financial statements. This is based on the current position and negotiations with the buyer and as the amount is now likely to be received and can be quantified, has been recognised.