Year Ended
Registration number:
AET Transport Properties Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
AET Transport Properties Limited
Balance Sheet
31 August 2022
Note |
2022 |
2021 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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For the financial year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 10807251
AET Transport Properties Limited
Notes to the Unaudited Financial Statements
Year Ended 31 August 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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 Section 1A and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements have been prepared in British pound sterling and rounded to the nearest whole pound.
Revenue recognition
Turnover compromises the fair value of the consideration received or receivable for the rental of the property in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
AET Transport Properties Limited
Notes to the Unaudited Financial Statements
Year Ended 31 August 2022
Investment property
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
2022 |
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At 1 September |
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At 31 August |
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The property was acquired from a fellow subsidiary in October 2017 at a value assessed by an independent valuer. The directors consider that the value of this property has not changed significantly since acquisition.
AET Transport Properties Limited
Notes to the Unaudited Financial Statements
Year Ended 31 August 2022
Debtors |
Current |
2022 |
2021 |
Other debtors |
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- |
Creditors |
Creditors: amounts falling due within one year
Note |
2022 |
2018 |
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Due within one year |
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Loans and borrowings |
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Amounts due to group undertakings |
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Corporation tax |
21,773 |
36,021 |
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Other creditors |
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Accrued expenses |
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Creditors: amounts falling due after more than one year
Note |
2022 |
2021 |
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Due after one year |
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Loans and borrowings |
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2022 |
2021 |
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Due after more than five years |
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After more than five years by instalments |
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- |
- |
AET Transport Properties Limited
Notes to the Unaudited Financial Statements
Year Ended 31 August 2022
Loans and borrowings |
2022 |
2021 |
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Loans and borrowings due after one year |
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Bank borrowings |
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2022 |
2021 |
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Current loans and borrowings |
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Bank borrowings |
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Secured creditors
Bank loans within loans and borrowings are secured against the investment property.
Bank facilities are secured by an inter-company guarantee incorporating the following companies: AET Transport Group Limited, AET Transport Services Limited and AET Transport Properties Limited
Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Parent and ultimate parent undertaking |
The company's immediate parent is
The most senior parent entity producing publicly available financial statements is