AAG SETTLEMENTS LIMITED |
Notes to the Accounts |
for the year ended 31 May 2021 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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The company has not traded on its own account during this or the preceding year however the company acts as nominee for other entities in full cooperation with them and any other related parties and / or associates. |
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Certain items of expenditure were paid on behalf of this company by an entity for whom the company acts as nominee |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2 |
Employees |
2021 |
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2020 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Debtors |
2021 |
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2020 |
£ |
£ |
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Other debtors |
1 |
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1 |
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4 |
Creditors: amounts falling due within one year |
2021 |
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2020 |
£ |
£ |
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Other creditors |
45 |
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45 |
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5 |
Other information |
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AAG SETTLEMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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23 Fairholt Road |
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London |
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N16 5EW |