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REGISTERED NUMBER: 08612859 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Aurum And Aurum Limited

Aurum And Aurum Limited (Registered number: 08612859)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aurum And Aurum Limited

Company Information
for the Year Ended 31 July 2023







Director: H Karaki





Registered office: 24 Old Burlington Street,
London
W1S 3AW





Registered number: 08612859 (England and Wales)





Accountants: Benjamin Taylor Diner Limited
120 New Cavendish Street,
London
W1W 6XX

Aurum And Aurum Limited (Registered number: 08612859)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
Fixed assets
Investment property 5 1,455,000 1,455,000

Current assets
Debtors 6 6,890 23,390
Cash at bank 98,385 28,465
105,275 51,855
Creditors
Amounts falling due within one year 7 (399,617 ) (364,584 )
Net current liabilities (294,342 ) (312,729 )
Total assets less current liabilities 1,160,658 1,142,271

Creditors
Amounts falling due after more than one
year

8

(894,836

)

(894,827

)

Provisions for liabilities 9 (59,707 ) (59,707 )
Net assets 206,115 187,737

Capital and reserves
Called up share capital 10 100 100
Non-distributable fair value 11 179,121 179,121
Retained earnings 11 26,894 8,516
Shareholders' funds 206,115 187,737

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Aurum And Aurum Limited (Registered number: 08612859)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 February 2024 and were signed by:





H Karaki - Director


Aurum And Aurum Limited (Registered number: 08612859)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. Statutory information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Old Gloucester Street, London, United Kingdom, WC1N 3AX.

The principal activity of the company during the year was letting of leasehold property.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover
The turnover shown in the profit and loss account represents rents receivable during the year, and is measured at fair value.

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.

Going concern
After making enquiries the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason he adopts the going concern basis in preparing the financial statements.

Aurum And Aurum Limited (Registered number: 08612859)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


4. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

5. Investment property
Total
£   
Fair value
At 1 August 2022
and 31 July 2023 1,455,000
Net book value
At 31 July 2023 1,455,000
At 31 July 2022 1,455,000

The investment properties were valued on a fair value basis by the Director H. Karaki as at 31 July 2023.

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2017 517
Valuation in 2021 97,893
Valuation in 2022 131,282
Cost 1,225,308
1,455,000

6. Debtors: amounts falling due within one year
31.7.23 31.7.22
£    £   
Other debtors 6,890 23,390

7. Creditors: amounts falling due within one year
31.7.23 31.7.22
£    £   
Taxation and social security 4,399 3,437
Other creditors 395,218 361,147
399,617 364,584

8. Creditors: amounts falling due after more than one year
31.7.23 31.7.22
£    £   
Other creditors 894,836 894,827

Aurum And Aurum Limited (Registered number: 08612859)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


8. Creditors: amounts falling due after more than one year - continued

The company has the following interest only loans:

£243,579 with Shawbrook Bank Limited. This is an interest only mortgage and it has a maturity date of 4th May 2028. This loan is secured over the company's investment property situated at Flat 5, Albert Court, Edgware, London, W2 1BU.

£305,757 with The Mortgage Works (UK) plc. This is an interest only mortgage with a fixed rate of 3.59% until 31st May 2024. This loan is secured over the company's investment property situated at Flat 1, Broadoak House, Mortimer Crescent, London, NW6 5PA and is for a term of 20 years.

£345,500 with The Mortgage Works (UK) plc. This is an interest only mortgage with a fixed rate of 3.29%. This loan is secured over the company's investment property situated at 12 Kington House, Mortimer Crescent, NW6 5NU and is for a term of 15 years.

9. Provisions for liabilities
31.7.23 31.7.22
£    £   
Deferred tax
Other timing differences 59,707 59,707

Deferred
tax
£   
Balance at 1 August 2022 59,707
Balance at 31 July 2023 59,707

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 shares 1 100 100

Called-up share capital represents the nominal value of shares that have been issued.

11. Reserves
Non-distributable
Retained fair
earnings value Totals
£    £    £   

At 1 August 2022 8,516 179,121 187,637
Profit for the year 18,378 18,378
At 31 July 2023 26,894 179,121 206,015

The retained earnings reserve records retained earnings and accumulated losses.

The non-distributable fair value reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income.

Aurum And Aurum Limited (Registered number: 08612859)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


12. Director's advances, credits and guarantees

During the year the company had the following transactions with the director, H.Karaki:

31.7.2331.7.22
££

Balance brought forward(324,259)(342,295)
Monies repaid during the period-18,036
Balance carried forward(324,259)(324,259)

The above loan is unsecured, interest free and repayable on demand.

Aurum And Aurum Limited (Registered number: 08612859)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


13. Related party disclosures

H.K Resources and Developments Limited

During the year the company had the following transactions with H.K Resources and Developments Limited, a company controlled by H.Karaki :

31.7.2331.7.22
££

Balance brought forward(11,113)(11,113)
Balance carried forward(11,113)(11,113)

Aurum & Aurum 62 Limited

During the year the company had the following transactions with Aurum & Aurum 62 Limited, a company controlled by H.Karaki:

31.7.2331.7.22
££
Balance brought forward(7,521)(7,521)
Balance carried forward(7,521)(7,521)

EWS UK Services Limited

During the year the company had the following transactions with EWS UK Services Limited, a company controlled by H.Karaki until 22 March 2022:

31.7.2331.7.22
££
Loan received from EWS UK Services Limited(60,000)-
Monies repaid to EWS UK Services Limited40,496-
Balance carried forward(19,504)-

During the year the company recevied rental income amounting to £50,000 covering the period 1st November 2021 to 7th June 2024 from EWS UK Services Limited.

The above loans are unsecured, interest free and repayable on demand.

14. Ultimate controlling party

During the period the company was under the control of H. Karaki, who owns 100% of the issued share capital of the company.