Aire-Sales Holdings Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC436130 (Scotland)

AIRE-SALES HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

C R Friel

J M P Colbron

REGISTERED OFFICE:

6th Floor

145 St Vincent Street

Glasgow

G2 5JF

REGISTERED NUMBER:

SC436130 (Scotland)

ACCOUNTANTS:

Hardie Caldwell LLP

Chartered Accountants

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

FIXED ASSETS

Investments

4

360,000

360,000

CURRENT ASSETS

Cash at bank

867

903

CREDITORS

Amounts falling due within one year

5

76,646

75,021

NET CURRENT LIABILITIES

(75,779

)

(74,118

)

TOTAL ASSETS LESS CURRENT LIABILITIES

284,221

285,882

CREDITORS

Amounts falling due after more than one year

6

-

72,000

NET ASSETS

284,221

213,882

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

284,121

213,782

SHAREHOLDERS' FUNDS

284,221

213,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11 January 2018 and were signed on its behalf by:

C R Friel - Director

1.	STATUTORY INFORMATION

Aire-Sales Holdings Limited is a private company, limited by shares, registered in Scotland. The company's

registered number is SC436130 and its registered office is 6th Floor, 145 St Vincent Street, Glasgow, G2 5JF.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first year in which the financial statements have been prepared under FRS 102. The transition from

preparing the financial statements in accordance with FRSSE (2015) to FRS 102 (1A) has had no material

impact on either the financial position or the financial performance as previously reported by the company.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Financial instruments

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of

maturity, being twelve months or less, from the opening of the deposit or similar account.

Creditors

Other creditors and accruals are all recognised where the company has a present obligation resulting from a past

event and are recognised at the settlement amount due after allowing for any trade discounts due.

Loans

Loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised

cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2016

and 30 June 2017

360,000

NET BOOK VALUE

At 30 June 2017

360,000

At 30 June 2016

360,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

76,646

75,021

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

-

72,000

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

75

A Ordinary

£1

75

75

25

B Ordinary

£1

25

25

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Aire-Sales Holdings Limited for the year ended 30 June 2017 which comprise the Income

Statement, Other Comprehensive Income, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Aire-Sales Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aire-Sales Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Aire-Sales Holdings Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aire-Sales Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aire-Sales Holdings Limited. You consider that Aire-Sales Holdings 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 financial statements of Aire-Sales Holdings 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.

Hardie Caldwell LLP

Chartered Accountants

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

11 January 2018