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Registered number: 09049054
AIM REAL ESTATE INVESTMENTS LIMITED
UNAUDITED
DIRECTORS' REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2016
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AIM REAL ESTATE INVESTMENTS LIMITED
COMPANY INFORMATION
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AIM REAL ESTATE INVESTMENTS LIMITED
CONTENTS
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Notes to the financial statements
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AIM REAL ESTATE INVESTMENTS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2016
The directors present their report and the financial statements for the year ended 30 April 2016.
The company began trading on 21 May 2015.
The prinicipal activity of the company in the year under review was that of the buying and letting of real estate.
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The directors who served during the year were:
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In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
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This report was approved by the board on 20 January 2017 and signed on its behalf.
Page 1
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AIM REAL ESTATE INVESTMENTS LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AIM REAL ESTATE INVESTMENTS LIMITED
FOR THE YEAR ENDED 30 APRIL 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AIM Real Estate Investments Limited for the year ended 30 April 2016 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 to us.
As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the board of directors of AIM Real Estate Investments Limited, as a body, in accordance with the terms of our engagement as detailed at wtca.co.uk/company-terms-conditions. Our work has been undertaken solely to prepare for your approval the financial statements of AIM Real Estate Investments Limited and state those matters that we have agreed to state to them in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AIM Real Estate Investments Limited and its board of directors, as a body, for our work or for this report.
It is your duty to ensure that AIM Real Estate Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and loss. You consider that AIM Real Estate Investments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of AIM Real Estate Investments 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 statutory financial statements.
Wellden Turnbull Ltd
Chartered Accountants
Munro House
Portsmouth Road
Cobham
Surrey
KT11 1PP
20 January 2017
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AIM REAL ESTATE INVESTMENTS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2016
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(LOSS)/PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION
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Tax on loss on ordinary activities
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LOSS FOR THE FINANCIAL YEAR
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The notes on pages 5 to 8 form part of these financial statements.
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AIM REAL ESTATE INVESTMENTS LIMITED
REGISTERED NUMBER: 09049054
BALANCE SHEET
AS AT 30 APRIL 2016
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CREDITORS: amounts falling due within one year
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NET CURRENT (LIABILITIES)/ASSETS
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SHAREHOLDERS' (DEFICIT)/FUNDS
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For the year ending 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 ("the Act") relating to small companies.
Directors' responsibilities:
 
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·The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
·The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
 
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These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 January 2017.
The notes on pages 5 to 8 form part of these financial statements.
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AIM REAL ESTATE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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At the balance sheet date, the company had a deficiency of assets totalling £6,167. The directors have agreed to personally make available to the company any such funds that may be necessary from time to time to enable the company to meet its obligations over the twelve months following the date of this report. Consequently, in the opinion of the directors, it is appropriate for these accounts to be prepared using the going concern basis of accounting.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Investment properties are included in the balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the profit and loss account.
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2.(LOSS)/PROFIT
The (loss)/profit is stated after charging:
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Depreciation of tangible fixed assets:
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During the year, no director received any emoluments (2015 - £NIL).
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AIM REAL ESTATE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
3.TAXATION
Factors affecting tax charge for the year
The company has not been charged tax this year due to trading losses in the period.
Factors that may affect future tax charges
There are tax losses to offset against future trading profits.
4.TANGIBLE FIXED ASSETS
5.INVESTMENT PROPERTY
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Freehold investment property
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The director's have decided the value of the property has not significantly changed since it was purchased.
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AIM REAL ESTATE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
6.DEBTORS
7.CREDITORS:
Amounts falling due within one year
8.SHARE CAPITAL
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Allotted, called up and fully paid
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100 Ordinary shares of £1 each
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9.RESERVES
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Loss for the financial year
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10.RECONCILIATION OF MOVEMENT IN SHAREHOLDERS' FUNDS
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Opening shareholders' funds
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(Loss)/profit for the financial year
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Shares issued during the year
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Closing shareholders' (deficit)/funds
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11.RELATED PARTY TRANSACTIONS
At the year end, the company owed £122,434(2015: £NIL) to Associated Interim Management Limited, a company under common control.
 
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AIM REAL ESTATE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
12.CONTROLLING PARTY
The is no controlling party.
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