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REGISTERED NUMBER: 10080607 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Retrac Aurum Limited

Retrac Aurum Limited (Registered number: 10080607)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Retrac Aurum Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr W Carter
Mrs L Carter





REGISTERED OFFICE: 31 Bradbury Road
Stockton-on-Tees
TS20 1LE





REGISTERED NUMBER: 10080607 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

Retrac Aurum Limited (Registered number: 10080607)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 842 1,089
Investments 5 50,207 30,207
Investment property 6 1,022,885 1,011,391
1,073,934 1,042,687

CURRENT ASSETS
Debtors 7 - 25
Cash at bank 290,725 301,740
290,725 301,765
CREDITORS
Amounts falling due within one year 8 803,072 803,590
NET CURRENT LIABILITIES (512,347 ) (501,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

561,587

540,862

CREDITORS
Amounts falling due after more than one
year

9

(500,000

)

(500,000

)

PROVISIONS FOR LIABILITIES 10 (159 ) (206 )
NET ASSETS 61,428 40,656

CAPITAL AND RESERVES
Called up share capital 40 20
Retained earnings 61,388 40,636
61,428 40,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Retrac Aurum Limited (Registered number: 10080607)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





Dr W Carter - Director


Retrac Aurum Limited (Registered number: 10080607)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Retrac Aurum Limited 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 income from rental property, excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 5% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment loss.

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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 (2023 - 2 ) .

Retrac Aurum Limited (Registered number: 10080607)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 1,927
DEPRECIATION
At 1 April 2023 838
Charge for year 247
At 31 March 2024 1,085
NET BOOK VALUE
At 31 March 2024 842
At 31 March 2023 1,089

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 30,207
Additions 20,000
At 31 March 2024 50,207
NET BOOK VALUE
At 31 March 2024 50,207
At 31 March 2023 30,207

6. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2023 1,011,391
Additions 11,494
At 31 March 2024 1,022,885
NET BOOK VALUE
At 31 March 2024 1,022,885
At 31 March 2023 1,011,391

Investment property was valued on an open market basis on 31 March 2024 by the directors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 25

Retrac Aurum Limited (Registered number: 10080607)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 159 -
Taxation and social security 5,049 3,799
Other creditors 797,864 799,791
803,072 803,590

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 500,000 500,000

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 159 206

Deferred
tax
£   
Balance at 1 April 2023 206
Timing differences (47 )
Balance at 31 March 2024 159

11. RELATED PARTY DISCLOSURES

At 31st March 2024, the company owed Dr W Carter £1,296,065 (2023: £1,298,110).

12. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.