AAG CORPORATION LTD,Ltd - AccountsLtd - Accounts

AAG CORPORATION LTD,Ltd - AccountsLtd - Accounts

AAG CORPORATION LTD - Company Information

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2016-10-01 08208913 2017-09-30 08208913 2016-10-01 2017-09-30 08208913 2016-09-30 08208913 2015-10-01 2016-09-30 08208913 uk-core:WithinOneYear 2016-09-30 08208913 uk-core:WithinOneYear 2017-09-30 08208913 uk-core:ShareCapital 2017-09-30 08208913 uk-core:ShareCapital 2016-09-30 08208913 uk-core:RetainedEarningsAccumulatedLosses 2017-09-30 08208913 uk-core:RetainedEarningsAccumulatedLosses 2016-09-30 08208913 uk-bus:Director1 2016-10-01 2017-09-30 08208913 uk-core:CostValuation 2016-09-30 08208913 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2016-09-30 08208913 uk-core:AdditionsToInvestments 2017-09-30 08208913 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2017-09-30 08208913 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2017-09-30 08208913 uk-core:CostValuation 2017-09-30 08208913 uk-core:Non-currentFinancialInstruments 2017-09-30 08208913 uk-core:Non-currentFinancialInstruments 2016-09-30 iso4217:GBP 08208913 uk-bus:AuditExemptWithAccountantsReport 2016-10-01 2017-09-30 08208913 uk-bus:FRS102 2016-10-01 2017-09-30 08208913 uk-bus:FullAccounts 2016-10-01 2017-09-30 08208913 uk-bus:PrivateLimitedCompanyLtd 2016-10-01 2017-09-30
Draft
AAG CORPORATION LTD
Registered Number:08208913
For the year ended 30 September 2017
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 30 September 2017
AAG CORPORATION LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
As at 30 September 2017
AAG CORPORATION LTD
Statement of Financial Position
Registered Number :
08208913
£
£
2016
2017
Notes
Fixed assets
Financial assets
1,849,727
1,999,727
2
1,999,727
1,849,727
Current assets
1,791
Cash and cash equivalents
1,438
1,438
1,791
Trade and other payables: amounts falling due within one
year
(1,859,790)
(2,010,990)
3
(1,857,999)
(2,009,552)
Net current liabilities
Total assets less current liabilities
(9,825)
(8,272)
(9,825)
Net liabilities
(8,272)
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
(10,825)
(9,272)
(9,825)
(8,272)
Shareholders' funds
For the year ended 30 September 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr Fiorenzo Stocco Director
These financial statements were approved and authorised for issue by the Board on 12 June 2018 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 30 September 2017
AAG CORPORATION LTD
Notes to the Financial Statements
Statutory Information
AAG CORPORATION LTD is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08208913.
Principal place of business:
16 Leigh Orchard Close
London
SW16 2XB
Registered address:
c/o G Teoli & Co.
Balfour House
741 High Road
London
N12 0BP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
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5
Draft
For the year ended 30 September 2017
AAG CORPORATION LTD
Notes to the Financial Statements Continued
2. Investments held as fixed assets
Shares in group and participating interests
Total
At 01 October 2016
1,849,727
1,849,727
Cost
£
£
150,000
150,000
Additions
At 30 September 2017
1,999,727
1,999,727
At 30 September 2017
Net book value
1,999,727
1,999,727
At 01 October 2016
1,849,727
1,849,727
Investments as participating interests were as follows:
Biologica Caraiva Produtos Agriculas LTDA £ 1,109,727.40 (2016 - £ 901,937.40)
Uplands HW Ltd £ 980,000 (2016 - £ 900,000).
3. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
2,010,690
1,859,490
Other creditors
300
300
2,010,990
1,859,790
4. Related party transactions
ARMARC LTD owns 500 ordinary shares of £1.00. During the year loans from Armarc Ltd amounted to £100,800.
The balance owing to Armarc Ltd at 30.09.2017 was £ 1,341,460. (2016 - £ 1,240,660).
GINGO Srl owns 250 ordinary Shares of £1.00. During the year loans from Gingo Srl amounted to £ 50,400.
The balance owing to Gingo Srl at 30.09.2017 was £ 669,230. (2016 - £618,830).
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