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REGISTERED NUMBER: 13017908 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Aurum Developments Ltd

Aurum Developments Ltd (Registered number: 13017908)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Aurum Developments Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Z Micsinai
X Guo





REGISTERED OFFICE: Foresters Hall
25-27 Westow Street
London
SE19 3RY





REGISTERED NUMBER: 13017908 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY

Aurum Developments Ltd (Registered number: 13017908)

Abridged Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £ £
FIXED ASSETS
Tangible assets 4 8,445 11,375

CURRENT ASSETS
Stocks 127,302 126,630
Debtors 166 518
Cash at bank and in hand 531 1,442
127,999 128,590
CREDITORS
Amounts falling due within one year (156,937 ) (148,246 )
NET CURRENT LIABILITIES (28,938 ) (19,656 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,493

)

(8,281

)

CREDITORS
Amounts falling due after more than one
year

(6,009

)

(9,881

)

PROVISIONS FOR LIABILITIES 5 (1,604 ) (2,161 )
NET LIABILITIES (28,106 ) (20,323 )

Aurum Developments Ltd (Registered number: 13017908)

Abridged Balance Sheet - continued
30 November 2023

30/11/23 30/11/22
Notes £ £
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (28,108 ) (20,325 )
SHAREHOLDERS' FUNDS (28,106 ) (20,323 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 30 November 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 29 July 2024 and were signed on its behalf by:





Z Micsinai - Director


Aurum Developments Ltd (Registered number: 13017908)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Aurum Developments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 ) .

Aurum Developments Ltd (Registered number: 13017908)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 December 2022 19,328
Additions 182
At 30 November 2023 19,510
DEPRECIATION
At 1 December 2022 7,953
Charge for year 3,112
At 30 November 2023 11,065
NET BOOK VALUE
At 30 November 2023 8,445
At 30 November 2022 11,375

5. PROVISIONS FOR LIABILITIES
30/11/23 30/11/22
£ £
Deferred tax 1,604 2,161

Deferred tax
£
Balance at 1 December 2022 2,161
Movement during the year (557 )
Balance at 30 November 2023 1,604

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are considered to be the directors.