Aerial Property Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC048245 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Aerial Property Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs G Levine

REGISTERED OFFICE:

53 High Street

Paisley

Renfrewshire

PA1 2AN

REGISTERED NUMBER:

SC048245 (Scotland)

ACCOUNTANTS:

Graham & Co. (Accountants) Limited

Chartered Accountants

76 Dumbarton Road

Clydebank

Glasgow

G81 1UG

FIXED ASSETS

Tangible assets

4

230

-

CURRENT ASSETS

Debtors

5

7,500

Cash at bank

521,816

569,128

529,316

576,628

CREDITORS

Amounts falling due within one year

6

323,115

375,117

NET CURRENT ASSETS

206,201

201,511

TOTAL ASSETS LESS CURRENT
LIABILITIES

206,431

201,511

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

206,331

201,411

SHAREHOLDERS' FUNDS

206,431

201,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

Mrs G Levine - Director

1.	STATUTORY INFORMATION

Aerial Property Company Limited is a private company, limited by shares , registered in Scotland. 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Financial instruments

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument. The company holds basic financial instruments which comprise, trade and other debtors, cash and cash equivalents, trade and other creditors and related party loans.

Cash and cash equivalents comprise, cash in hand and deposits held in bank.

Trade and other debtors are initially recognised at the transaction price, including any transaction costs, less any provision for impairment. At the end of each year the company assesses whether there is evidence to indicate that the company will not be able to collect all of the amount due according to the original terms of the financial asset. The amount of any provision, if required, is recognised immediately in the statement of income and retained earnings.

Trade and other creditors are initially measured at the transaction price, including any transactions costs. Amounts that are payable within one year are measured at the undiscounted amount expected to be payable.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

2,258

-

2,258

Additions

-

330

At 31 March 2025

2,258

330

2,588

DEPRECIATION

At 1 April 2024

2,258

-

2,258

Charge for year

-

100

At 31 March 2025

2,258

100

2,358

NET BOOK VALUE

At 31 March 2025

-

230

At 31 March 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

7,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

934

-

Taxation and social security

1,675

1,720

Other creditors

320,506

373,397

323,115

375,117

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £500 were paid to the director .

During the period to 31 March 2025 the company charged AKZ Properties Ltd administration and management services of £15,000 (2024 - £15,000). Other Creditors included balances of £287,455 due to the director - (2024 - £334,147) and £3,482 (2024 - £7,043) to AKZ Properties Ltd.

Mrs G Levine is a director and shareholder of AKZ Properties Ltd.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs G Levine, a director of the company.