Aylmer Road Limited
Aylmer Road Limited
Registered number: 09669192
Directors' Report and
Financial Statements
For The Year Ended
31 July 2022
C K R
Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Aylmer Road Limited
Directors' Report and Financial Statements
For The Year Ended
31 July 2022
Directors' Report and Financial Statements
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| Company Information | 1 |
| Directors' Report | 2 |
| Accountants' Report | 3 |
| Profit and Loss Account | 4 |
| Balance Sheet | 5—6 |
| Notes to the Financial Statements | 7—8 |
Aylmer Road Limited
Company Information
For The Year Ended
31 July 2022
Company Information
| Directors |
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| Company Number |
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| Registered Office | CKR House |
| 70 East Hill | |
| Dartford | |
| kENT | |
| DA1 1RZ | |
| Accountants |
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| Chartered Certified Accountants | |
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| 70 East Hill | |
| Dartford | |
| Kent | |
| DA1 1RZ | |
Aylmer Road Limited
Company No. 09669192
Directors' Report For The Year Ended
31 July 2022
Directors' Report
The directors present their report and the financial statements for the year ended
31 July 2022
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Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal Activity
The company's principal activity continues to be that of development of residential property for resale & rental.
Review of Business
The directors are disappointed with the loss for the year, but are looking forward to a profitable year in near future.
Due to ecomonic downturn in the condition of property market the company commends short letting properties in the period until market picking up.
Dividends
The directors do not recommend a dividend for the period.
Directors
The directors who held office during the year were as follows:
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Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
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Director
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Director
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Aylmer Road Limited
Accountants' Report
For The Year Ended
31 July 2022
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of
Aylmer Road Limited
for the year ended 31 July 2022
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Aylmer Road Limited
which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of
Aylmer Road Limited
, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of
Aylmer Road Limited
and state those matters that we have agreed to state to the directors of
Aylmer Road Limited
, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Aylmer Road Limited
and its directors as a body for our work or for this report.
It is your duty to ensure that
Aylmer Road Limited
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
Aylmer Road Limited
. You consider that
Aylmer Road Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of
Aylmer Road Limited
. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Aylmer Road Limited
Profit and Loss Account
For The Year Ended
31 July 2022
Profit and Loss Account
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| Notes | £ | £ | ||
| TURNOVER |
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| Cost of sales |
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| GROSS PROFIT |
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| Administrative expenses |
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| Other operating income |
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| OPERATING PROFIT |
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| Interest payable and similar charges |
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| LOSS FOR THE FINANCIAL YEAR |
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The notes on pages 7 to 8 form part of these financial statements.
Aylmer Road Limited
Balance Sheet
As At
31 July 2022
Balance Sheet
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 3 |
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| CURRENT ASSETS | |||||
| Stocks | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (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 | 8 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (531,607) | (421,965) | |||
Aylmer Road Limited
Balance Sheet (continued)
As At
31 July 2022
On behalf of the board
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Director
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Director
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The notes on pages 7 to 8 form part of these financial statements.
Aylmer Road Limited
Notes to the Financial Statements
For The Year Ended
31 July 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2021: NIL)
3.
Investments
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Stocks
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Aylmer Road Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 July 2022
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Debtors
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Creditors: Amounts Falling Due Within One Year
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| Bank loans and overdrafts |
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| Other creditors - Rent deposits held |
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| Other loan creditors-Granary |
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| Other Loan-(Shawbrook LeaBridge) |
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| Other Loan - (Shawbrook Grange Road) |
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| Accruals and deferred income |
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| Directors' loan accounts |
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| Amounts owed to associates |
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| Amounts owed to related parties |
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7.
Creditors: Amounts Falling Due After More Than One Year
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| Bank loan |
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