IRIS Accounts Production v23.2.0.158 08307857 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083078572022-03-31083078572023-03-31083078572022-04-012023-03-31083078572021-03-31083078572021-04-012022-03-31083078572022-03-3108307857ns10:Originalns15:EnglandWales2022-04-012023-03-3108307857ns14:PoundSterlingns10:Original2022-04-012023-03-3108307857ns10:Originalns10:Director12022-04-012023-03-3108307857ns10:Original2022-04-012023-03-3108307857ns10:Original2023-03-3108307857ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108307857ns10:Originalns10:SmallEntities2022-04-012023-03-3108307857ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108307857ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108307857ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3108307857ns10:Originalns10:AbridgedAccounts2022-04-012023-03-3108307857ns10:Original12022-04-012023-03-3108307857ns10:Originalns10:Director22022-04-012023-03-3108307857ns10:CompanySecretary1ns10:Original2022-04-012023-03-3108307857ns10:Originalns10:RegisteredOffice2022-04-012023-03-3108307857ns10:Original2022-03-3108307857ns10:Originalns5:CurrentFinancialInstruments2023-03-3108307857ns10:Originalns5:CurrentFinancialInstruments2022-03-3108307857ns10:Originalns5:Non-currentFinancialInstruments2023-03-3108307857ns10:Originalns5:Non-currentFinancialInstruments2022-03-3108307857ns5:ShareCapitalns10:Original2023-03-3108307857ns5:ShareCapitalns10:Original2022-03-3108307857ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3108307857ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3108307857ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3108307857ns10:Original2021-04-012022-03-3108307857ns10:Original2022-03-31
REGISTERED NUMBER: 08307857 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

AURORA PROPERTIES (UK) LTD

AURORA PROPERTIES (UK) LTD (REGISTERED NUMBER: 08307857)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


AURORA PROPERTIES (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A W Perkins
M A Perkins





SECRETARY: Mrs P K Perkins





REGISTERED OFFICE: Catherine Bourne Farm
Mimms Lane
South Mimms
Potters Bar
Hertfordshire
EN6 3LY





REGISTERED NUMBER: 08307857 (England and Wales)





ACCOUNTANTS: Heartwood Accountants Limited
Riverside House
3 Place Farm
Wheathampstead
Hertfordshire
AL4 8SB

AURORA PROPERTIES (UK) LTD (REGISTERED NUMBER: 08307857)

ABRIDGED BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 360,940 46,066

CURRENT ASSETS
Debtors 101,341 44,366
Cash at bank 1,609 54,572
102,950 98,938
CREDITORS
Amounts falling due within one year 6,544 2,393
NET CURRENT ASSETS 96,406 96,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

457,346

142,611

CREDITORS
Amounts falling due after more than one year 1,010,000 400,000
NET LIABILITIES (552,654 ) (257,389 )

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings (552,756 ) (257,491 )
SHAREHOLDERS' FUNDS (552,654 ) (257,389 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 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 and authorised for issue on 1 November 2023 and were signed on its behalf by:





A W Perkins - Director


AURORA PROPERTIES (UK) LTD (REGISTERED NUMBER: 08307857)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Aurora Properties (UK) Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Other intangible assets
Other intangible assets that are acquired by the company are stated at cost less accumulated amortisation and impairment losses. Expenditure on internally generated goodwill and brands is recognised in the accounts as an expense as incurred.
Subsequent expenditure
Subsequent expenditure on capitalised intangible assets is capitalised only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure is expensed as incurred. An annual impairment review will determine whether any of these costs should be amortised.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 46,066
Additions 314,874
At 31 March 2023 360,940
NET BOOK VALUE

At 31 March 2023 360,940
At 31 March 2022 46,066

AURORA PROPERTIES (UK) LTD (REGISTERED NUMBER: 08307857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. GOING CONCERN

The financial statements have been prepared on a going concern basis. The company has shareholder loans of £785,000 and other investor loans of £225,000. The director and shareholders have given confirmation that they will continue to fund the company as necessary in order to meet its obligations.