Aro Holdings Limited 13069177 false 2020-12-08 2022-03-31 2022-03-31 The principal activity of the company is as a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false 13069177 2020-12-08 2022-03-31 13069177 2022-03-31 13069177 bus:OrdinaryShareClass1 2022-03-31 13069177 bus:OrdinaryShareClass2 2022-03-31 13069177 core:CurrentFinancialInstruments 2022-03-31 13069177 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 13069177 core:AdditionsToInvestments 2022-03-31 13069177 bus:SmallEntities 2020-12-08 2022-03-31 13069177 bus:AuditExemptWithAccountantsReport 2020-12-08 2022-03-31 13069177 bus:FullAccounts 2020-12-08 2022-03-31 13069177 bus:SmallCompaniesRegimeForAccounts 2020-12-08 2022-03-31 13069177 bus:RegisteredOffice 2020-12-08 2022-03-31 13069177 bus:Director1 2020-12-08 2022-03-31 13069177 bus:OrdinaryShareClass1 2020-12-08 2022-03-31 13069177 bus:OrdinaryShareClass2 2020-12-08 2022-03-31 13069177 bus:PrivateLimitedCompanyLtd 2020-12-08 2022-03-31 13069177 countries:EnglandWales 2020-12-08 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13069177

Aro Holdings Limited

Annual Report and Unaudited Financial Statements

for the Period from 8 December 2020 to 31 March 2022

 

Aro Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Aro Holdings Limited

Company Information

Director

AL Waldock-Goude

Registered office

5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

Accountants

Mansell & Co
Chartered Certified Accountants
5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

 

Aro Holdings Limited

(Registration number: 13069177)
Balance Sheet as at 31 March 2022

Note

2022
£

Fixed assets

 

Investments

4

895,400

Current assets

 

Debtors

5

2,000

Cash at bank and in hand

 

1

 

2,001

Creditors: Amounts falling due within one year

6

(2,000)

Net current assets

 

1

Net assets

 

895,401

Capital and reserves

 

Called up share capital

7

895,401

Shareholders' funds

 

895,401

For the financial period ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 7 September 2022
 

.........................................
AL Waldock-Goude
Director

 

Aro Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 8 December 2020 to 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR
England

These financial statements were authorised for issue by the director on 7 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Aro Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 8 December 2020 to 31 March 2022

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Investments

2022
£

Investments in subsidiaries

895,400

 

Aro Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 8 December 2020 to 31 March 2022

Subsidiaries

£

Cost or valuation

Additions

895,400

Provision

Carrying amount

At 31 March 2022

895,400

5

Debtors

Current

Note

2022
£

Amounts owed by related parties

2,000

   

2,000

6

Creditors

Creditors: amounts falling due within one year

2022
£

Due within one year

Other creditors

2,000

7

Share capital

Allotted, called up and fully paid shares

 

2022

 

No.

£

Odinary of £0.10 each

8,954,000

895,400

Odinary B of £1 each

1

1

 

8,954,001

895,401