REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
13 September 2021 to 30 September 2022 |
for |
Aaa Property Trading Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
13 September 2021 to 30 September 2022 |
for |
Aaa Property Trading Ltd |
Aaa Property Trading Ltd (Registered number: 13616684) |
Contents of the Financial Statements |
for the Period 13 September 2021 to 30 September 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Aaa Property Trading Ltd |
Company Information |
for the Period 13 September 2021 to 30 September 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
17 Queens Lane |
Newcastle upon Tyne |
Tyne and Wear |
NE1 1RN |
Aaa Property Trading Ltd (Registered number: 13616684) |
Balance Sheet |
30 September 2022 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 5 |
269,437 |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Profit and loss account | ( |
) |
( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Aaa Property Trading Ltd (Registered number: 13616684) |
Notes to the Financial Statements |
for the Period 13 September 2021 to 30 September 2022 |
1. | STATUTORY INFORMATION |
Aaa Property Trading Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover represents rental income receivable with respect to the letting of the company's investment property. |
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. |
Investment property is included at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss along with the associated deferred tax. |
Financial instruments |
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares. |
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 loss is recognised in profit or loss. |
Taxation |
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. |
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 and other future taxable profits. |
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. |
Current and deferred tax assets and liabilities are not discounted. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 30 September 2022 |
NET BOOK VALUE |
At 30 September 2022 |
Aaa Property Trading Ltd (Registered number: 13616684) |
Notes to the Financial Statements - continued |
for the Period 13 September 2021 to 30 September 2022 |
5. | INVESTMENT PROPERTY - continued |
The fair value of the property at 30 September 2022 has been arrived at on the basis of a valuation carried our by the directors who are not professionally qualified valuers. The valuation, was arrived at by reference to market evidence of transaction prices for similar properties in its location. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Mortgage | 164,973 |
The bank loan is secured by a fixed and floating charge over the investment property of the company. |