Aberdeen Enterprise Finance Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06662401 (England and Wales)

Financial Statements for the Year Ended 31 August 2021

for

Aberdeen Enterprise Finance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Backhouse

Mr T Irvine

SECRETARY:

Mr M Backhouse

REGISTERED OFFICE:

Regent House

11 Regent Street

Pocklington

York

Yorkshire

YO42 2QN

REGISTERED NUMBER:

06662401 (England and Wales)

ACCOUNTANTS:

Lerman Quaile

1 Mortimer Street

Birkenhead

Merseyside

CH41 5EU

FIXED ASSETS

Tangible assets

4

4,499

4,016

CURRENT ASSETS

Debtors

5

5,563,236

5,255,122

Cash at bank and in hand

1,781,726

1,268,765

7,344,962

6,523,887

CREDITORS

Amounts falling due within one year

6

476,569

493,663

NET CURRENT ASSETS

6,868,393

6,030,224

TOTAL ASSETS LESS CURRENT LIABILITIES

6,872,892

6,034,240

CREDITORS

Amounts falling due after more than one year

7

5,537,467

4,804,536

NET ASSETS

1,335,425

1,229,704

CAPITAL AND RESERVES

Called up share capital

700

700

Retained earnings

1,334,725

1,229,004

SHAREHOLDERS' FUNDS

1,335,425

1,229,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 23 May 2022 and were signed on its behalf by:

Mr M Backhouse - Director

1.	STATUTORY INFORMATION

Aberdeen Enterprise Finance Limited is a private company, limited by shares , registered in England and Wales. 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 represents interest received from monies loaned and associated arrangement fees and costs.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2020

30,156

Additions

2,400

At 31 August 2021

32,556

DEPRECIATION

At 1 September 2020

26,140

Charge for year

1,917

At 31 August 2021

28,057

NET BOOK VALUE

At 31 August 2021

4,499

At 31 August 2020

4,016

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Other debtors

5,563,236

5,255,122

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Trade creditors

73,873

67,267

Taxation and social security

6,137

4,732

Other creditors

396,559

421,664

476,569

493,663

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.21

31.8.20

£

£

Amounts owed to group undertakings

528,667

534,228

Other creditors

5,008,800

4,270,308

5,537,467

4,804,536

8.	ULTIMATE CONTROLLING PARTY

The controlling party is ABEF Holdings Limited.