Aire Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09655528 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Aire Investments Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Gubbay

E Gubbay

REGISTERED OFFICE:

7 Praed Street

London

W2 1NJ

REGISTERED NUMBER:

09655528 (England and Wales)

ACCOUNTANTS:

Fizz Accounting Limited

6a St Andrews Court

Wellington Street

Thame

Oxfordshire

OX9 3WT

FIXED ASSETS

Investment property

3

2,500,000

2,500,000

CURRENT ASSETS

Debtors

10,979

10,670

Cash in hand

62,067

42,108

73,046

52,778

CREDITORS

Amounts falling due within one year

2,492,063

2,493,159

NET CURRENT LIABILITIES

(2,419,017

)

(2,440,381

)

TOTAL ASSETS LESS CURRENT LIABILITIES

80,983

59,619

PROVISIONS FOR LIABILITIES

10,410

10,410

NET ASSETS

70,573

49,209

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

4

44,378

44,378

Retained earnings

26,193

4,829

SHAREHOLDERS' FUNDS

70,573

49,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 October 2018 and were signed on its behalf by:

R Gubbay - Director

1.	STATUTORY INFORMATION

Aire Investments Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income receivable, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

2,500,000

NET BOOK VALUE

At 31 March 2018

2,500,000

At 31 March 2017

2,500,000

The investment property has been valued at the year end by the directors on an open market basis. If the

investment property had not been revalued, it would have been included at its historical cost £2,445,212

(2017: £2,445,212).

4.

RESERVES

Fair

value

reserve

£

At 1 April 2017

and 31 March 2018

44,378