REGISTERED NUMBER: SC290777 (Scotland)

Unaudited Financial Statements

for the Year Ended 28 February 2017

for

A & E Global Properties Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A McDonough

E P McDonough

SECRETARY:

Mrs A McDonough

REGISTERED OFFICE:

25 Coral Gardens

Peterhead

Aberdeenshire

AB42 2UL

REGISTERED NUMBER:

SC290777 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

48,757

49,976

CURRENT ASSETS

Debtors

5

1,716

1,681

Cash at bank

12,540

6,613

14,256

8,294

CREDITORS

Amounts falling due within one year

6

81,782

110,399

NET CURRENT LIABILITIES

(67,526

)

(102,105

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(18,769

)

(52,129

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

(18,771

)

(52,131

)

SHAREHOLDERS' FUNDS

(18,769

)

(52,129

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 August 2017 and were signed on its behalf by:

Mrs A McDonough - Director

1.	STATUTORY INFORMATION

A & E Global Properties Ltd. is a private company, limited by shares , registered in Scotland. 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.

Going concern

At 28 February 2017, the company has a negative balance of shareholders' funds amounting to £18,771 (2016:

£52,131) including a loan from the directors of £80,575 (2016: £109,192).

The directors have agreed that they will provide funds as and when required to meet the liabilities of the

company as and when they fall due. In particular, the directors will not seek repayment of the amount due to

them until all other creditors have been met. The financial statements have therefore been prepared on a going

concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 March 2016

and 28 February 2017

60,947

357

1,876

63,180

DEPRECIATION

At 1 March 2016

10,971

357

1,876

13,204

Charge for year

1,219

-

-

1,219

At 28 February 2017

12,190

357

1,876

14,423

NET BOOK VALUE

At 28 February 2017

48,757

-

-

48,757

At 29 February 2016

49,976

-

-

49,976

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Other debtors

1,716

1,681

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Other creditors

81,782

110,399

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.17

29.2.16

value:

£

£

2

Ordinary

1

2

2