General Information
Aim Plus Ltd is a private company, limited by shares, registered in England and Wales, registration number 13431605, registration address 6 Pilsdon Close, London, England, SW19 6DR.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
3% Reducing Balance |
| Fixtures and Fittings |
18% Reducing Balance
|
| Improvements to property |
3% Reducing Balance |
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024 : 0).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Fixtures and Fittings |
|
Improvements to property |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
1,488,879 |
|
4,620 |
|
16,534 |
|
1,510,033 |
| Additions |
- |
|
2,252 |
|
- |
|
2,252 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
1,488,879 |
|
6,872 |
|
16,534 |
|
1,512,285 |
| Depreciation |
| At 01 April 2024 |
39,094 |
|
1,331 |
|
1,003 |
|
41,428 |
| Charge for year |
22,421 |
|
1,003 |
|
466 |
|
23,890 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
61,515 |
|
2,334 |
|
1,469 |
|
65,318 |
| Net book values |
| Closing balance as at 31 March 2025 |
1,427,364 |
|
4,538 |
|
15,065 |
|
1,446,967 |
| Opening balance as at 01 April 2024 |
1,449,785 |
|
3,289 |
|
15,531 |
|
1,468,605 |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
- |
|
- |
| Additions |
100,000 |
|
100,000 |
| Disposals |
- |
|
- |
| At 31 March 2025 |
100,000 |
|
100,000 |
|
| 5. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
2
Class A shares of £1.00 each |
2 |
|
2 |
|
2 |
|
2 |
|
| 6. |
Advances and Credits
Directors Current Account Rent on Properties Gresford Avenue and Russell was received mistakenly in their joint accounts.
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Directors Current Account | 19,896 | | 0 | | 0 | | 19,896 | | 0 | | 0 | | 0 | | 19896 | | 0 | | 0 | | 19896 | | 0 | | 0 | | 0 |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Directors Current Account | 0 | | 19,896 | | 0 | | 0 | | 0 | | 0 | | 19,896 | | 0 | | 19896 | | 0 | | 0 | | 0 | | 0 | | 19896 |
|
| 7. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Aim Solutions Limited | 0 | | 463,000 | | 463,000 | | 463,000 | | Integrated Care Support Services Ltd | 0 | | 950,000 | | 950,000 | | 950,000 | | FP Surveying Limited | 0 | | 30,000 | | 30,000 | | 30,000 |
Other creditors include £463,000 (£463,000: 2024) owed to Aim Solutions Limited a related party by virtue of common directors and shareholders.
Other creditors include £950,000 (£950,000 : 2024) owed to Integrated Care Support Services Ltd a related party by virtue of common directors and shareholders.
Other debtors include £30,000 (£30,000 : 2024) owed by FP Surveying Ltd, a related party by virtue of common directors and shareholders. |
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