1 January 2025 false No description of principal activity Taxfiler 2024.6 09505512business:PrivateLimitedCompanyLtd2025-01-012025-12-31 095055122024-12-31 095055122025-01-012025-12-31 09505512business:AuditExemptWithAccountantsReport2025-01-012025-12-31 09505512business:AbridgedAccounts2025-01-012025-12-31 095055122025-12-31 09505512business:Director12025-01-012025-12-31 09505512business:RegisteredOffice2025-01-012025-12-31 095055122024-12-31 09505512core:WithinOneYear2025-12-31 09505512core:WithinOneYear2024-12-31 09505512core:AfterOneYear2025-12-31 09505512core:AfterOneYear2024-12-31 09505512core:ShareCapitalcore:PreviouslyStatedAmount2025-12-31 09505512core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 09505512core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-12-31 09505512core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 09505512core:PreviouslyStatedAmount2025-12-31 09505512core:PreviouslyStatedAmount2024-12-31 09505512business:SmallEntities2025-01-012025-12-31 09505512countries:EnglandWales2025-01-012025-12-31 095055122024-01-012024-12-31 iso4217:GBP xbrli:pure
Company Registration No. 09505512 (England and Wales)
Aim Developing Ltd Unaudited accounts for the year ended 31 December 2025
Aim Developing Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Aim Developing Ltd Company Information for the year ended 31 December 2025
Director
Mr Dziugas DUBAKA
Company Number
09505512 (England and Wales)
Registered Office
89 Warren Road London E10 5PZ England
Accountants
Bright Consulting Limited 92 Aldenham Road Bushey WD23 2EX
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Aim Developing Ltd Statement of financial position as at 31 December 2025
2025 
2024 
Notes
£ 
£ 
Current assets
Inventories
3,950,546 
3,950,546 
Debtors
130,165 
130,165 
Cash at bank and in hand
20,619 
6,857 
4,101,330 
4,087,568 
Creditors: amounts falling due within one year
(6,130,911)
(1,138,147)
Net current (liabilities)/assets
(2,029,581)
2,949,421 
Total assets less current liabilities
(2,029,581)
2,949,421 
Creditors: amounts falling due after more than one year
- 
(4,667,742)
Net liabilities
(2,029,581)
(1,718,321)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(2,029,681)
(1,718,421)
Shareholders' funds
(2,029,581)
(1,718,321)
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 May 2026 and were signed on its behalf by
Mr Dziugas DUBAKA Director Company Registration No. 09505512
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Aim Developing Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Aim Developing Ltd is a private company, limited by shares, registered in England and Wales, registration number 09505512. The registered office is 89 Warren Road, London, E10 5PZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2024. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Transactions with related parties
During the year ended 31 December 2025, AIM Developing Ltd entered into transactions with UAB KTG, which is considered a related party in accordance with FRS 102 Section 33 – Related Party Disclosures. Although UAB KTG is no longer the direct parent company of AIM Developing Ltd, both entities are under the common control of the same majority shareholder and are therefore regarded as related parties. UAB KTG has provided loan financing to AIM Developing Ltd to support the company’s property development activities, including the development project at 15 Glenmore Road. The funding has been provided through loan balances denominated in both GBP and EUR. At 31 December 2025, the total balance outstanding to UAB KTG amounted to £6,126,161, out of which Loan is £4,792,049, Interest payable is £1,289,236 and management fee payable is £44,876. During the year, interest of £189,742 was charged on the outstanding loan balances, and management fee of £8,054 was also charged; and recognised within finance costs in the statement of profit and loss. The loans are unsecured and bear interest at a rate of 4% per annum. The loans are repayable on demand unless otherwise agreed between the parties. The transactions were undertaken between related parties in the normal course of business.
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Aim Developing Ltd Notes to the Accounts for the year ended 31 December 2025
5
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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