REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 27 JUNE 2019 TO 30 JUNE 2020 |
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FOR |
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AAA HOMES AND PROPERTY LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 27 JUNE 2019 TO 30 JUNE 2020 |
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FOR |
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AAA HOMES AND PROPERTY LIMITED |
AAA HOMES AND PROPERTY LIMITED (REGISTERED NUMBER: 12073418) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 27 JUNE 2019 TO 30 JUNE 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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AAA HOMES AND PROPERTY LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 27 JUNE 2019 TO 30 JUNE 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
83 Cambridge Street |
London |
SW1V 4PS |
AAA HOMES AND PROPERTY LIMITED (REGISTERED NUMBER: 12073418) |
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BALANCE SHEET |
30 JUNE 2020 |
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Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 |
7 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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( |
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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. |
AAA HOMES AND PROPERTY LIMITED (REGISTERED NUMBER: 12073418) |
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BALANCE SHEET - continued |
30 JUNE 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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AAA HOMES AND PROPERTY LIMITED (REGISTERED NUMBER: 12073418) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 27 JUNE 2019 TO 30 JUNE 2020 |
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1. | STATUTORY INFORMATION |
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AAA Homes and Property Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover relates to rents receivable from properties. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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Financial instruments |
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The company only enters into basic financial transactions that result in the recognition of financial |
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and |
investments in non-puttable ordinary shares. |
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Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment losses recognised in profit and loss. |
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Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an |
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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AAA HOMES AND PROPERTY LIMITED (REGISTERED NUMBER: 12073418) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 27 JUNE 2019 TO 30 JUNE 2020 |
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4. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
Additions |
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At 30 June 2020 |
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NET BOOK VALUE |
At 30 June 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Prepayments and accrued income |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Accrued expenses |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
£ |
Bank loans more 5 yrs non-inst | 442,300 |
Directors' loan accounts | 230,496 |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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£ |
Bank loans |
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The bank loans are secured on the property. |