2022-12-012023-11-302023-11-30false11697079ATHURUGA LTD2024-08-2068209iso4217:GBPxbrli:pure116970792022-12-01116970792023-11-30116970792022-12-012023-11-30116970792021-12-01116970792022-11-30116970792021-12-012022-11-3011697079bus:SmallEntities2022-12-012023-11-3011697079bus:AuditExempt-NoAccountantsReport2022-12-012023-11-3011697079bus:FullAccounts2022-12-012023-11-3011697079bus:PrivateLimitedCompanyLtd2022-12-012023-11-3011697079core:WithinOneYear2023-11-3011697079core:AfterOneYear2023-11-3011697079core:WithinOneYear2022-11-3011697079core:AfterOneYear2022-11-3011697079core:ShareCapital2023-11-3011697079core:SharePremium2023-11-3011697079core:RevaluationReserve2023-11-3011697079core:OtherReservesSubtotal2023-11-3011697079core:RetainedEarningsAccumulatedLosses2023-11-3011697079core:ShareCapital2022-11-3011697079core:SharePremium2022-11-3011697079core:RevaluationReserve2022-11-3011697079core:OtherReservesSubtotal2022-11-3011697079core:RetainedEarningsAccumulatedLosses2022-11-3011697079core:LandBuildings2023-11-3011697079core:PlantMachinery2023-11-3011697079core:Vehicles2023-11-3011697079core:FurnitureFittings2023-11-3011697079core:OfficeEquipment2023-11-3011697079core:NetGoodwill2023-11-3011697079core:IntangibleAssetsOtherThanGoodwill2023-11-3011697079core:ListedExchangeTraded2023-11-3011697079core:UnlistedNon-exchangeTraded2023-11-3011697079core:LandBuildings2022-11-3011697079core:PlantMachinery2022-11-3011697079core:Vehicles2022-11-3011697079core:FurnitureFittings2022-11-3011697079core:OfficeEquipment2022-11-3011697079core:NetGoodwill2022-11-3011697079core:IntangibleAssetsOtherThanGoodwill2022-11-3011697079core:ListedExchangeTraded2022-11-3011697079core:UnlistedNon-exchangeTraded2022-11-3011697079core:LandBuildings2022-12-012023-11-3011697079core:PlantMachinery2022-12-012023-11-3011697079core:Vehicles2022-12-012023-11-3011697079core:FurnitureFittings2022-12-012023-11-3011697079core:OfficeEquipment2022-12-012023-11-3011697079core:NetGoodwill2022-12-012023-11-3011697079core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3011697079core:ListedExchangeTraded2022-12-012023-11-3011697079core:UnlistedNon-exchangeTraded2022-12-012023-11-3011697079core:MoreThanFiveYears2022-12-012023-11-3011697079core:Non-currentFinancialInstruments2023-11-3011697079core:Non-currentFinancialInstruments2022-11-3011697079dpl:CostSales2022-12-012023-11-3011697079dpl:DistributionCosts2022-12-012023-11-3011697079core:LandBuildings2022-12-012023-11-3011697079core:PlantMachinery2022-12-012023-11-3011697079core:Vehicles2022-12-012023-11-3011697079core:FurnitureFittings2022-12-012023-11-3011697079core:OfficeEquipment2022-12-012023-11-3011697079dpl:AdministrativeExpenses2022-12-012023-11-3011697079core:NetGoodwill2022-12-012023-11-3011697079core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3011697079dpl:GroupUndertakings2022-12-012023-11-3011697079dpl:ParticipatingInterests2022-12-012023-11-3011697079dpl:GroupUndertakingscore:ListedExchangeTraded2022-12-012023-11-3011697079core:ListedExchangeTraded2022-12-012023-11-3011697079dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-12-012023-11-3011697079core:UnlistedNon-exchangeTraded2022-12-012023-11-3011697079dpl:CostSales2021-12-012022-11-3011697079dpl:DistributionCosts2021-12-012022-11-3011697079core:LandBuildings2021-12-012022-11-3011697079core:PlantMachinery2021-12-012022-11-3011697079core:Vehicles2021-12-012022-11-3011697079core:FurnitureFittings2021-12-012022-11-3011697079core:OfficeEquipment2021-12-012022-11-3011697079dpl:AdministrativeExpenses2021-12-012022-11-3011697079core:NetGoodwill2021-12-012022-11-3011697079core:IntangibleAssetsOtherThanGoodwill2021-12-012022-11-3011697079dpl:GroupUndertakings2021-12-012022-11-3011697079dpl:ParticipatingInterests2021-12-012022-11-3011697079dpl:GroupUndertakingscore:ListedExchangeTraded2021-12-012022-11-3011697079core:ListedExchangeTraded2021-12-012022-11-3011697079dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-12-012022-11-3011697079core:UnlistedNon-exchangeTraded2021-12-012022-11-3011697079core:NetGoodwill2023-11-3011697079core:IntangibleAssetsOtherThanGoodwill2023-11-3011697079core:LandBuildings2023-11-3011697079core:PlantMachinery2023-11-3011697079core:Vehicles2023-11-3011697079core:FurnitureFittings2023-11-3011697079core:OfficeEquipment2023-11-3011697079core:AfterOneYear2023-11-3011697079core:WithinOneYear2023-11-3011697079core:ListedExchangeTraded2023-11-3011697079core:UnlistedNon-exchangeTraded2023-11-3011697079core:ShareCapital2023-11-3011697079core:SharePremium2023-11-3011697079core:RevaluationReserve2023-11-3011697079core:OtherReservesSubtotal2023-11-3011697079core:RetainedEarningsAccumulatedLosses2023-11-3011697079core:NetGoodwill2022-11-3011697079core:IntangibleAssetsOtherThanGoodwill2022-11-3011697079core:LandBuildings2022-11-3011697079core:PlantMachinery2022-11-3011697079core:Vehicles2022-11-3011697079core:FurnitureFittings2022-11-3011697079core:OfficeEquipment2022-11-3011697079core:AfterOneYear2022-11-3011697079core:WithinOneYear2022-11-3011697079core:ListedExc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ATHURUGA LTD

Registered Number
11697079
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

ATHURUGA LTD
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

MICHEL, Jane Caroline
BROWNING, Keith

Registered Address

43 Sussex Avenue
Gawsworth
Macclesfield
SK11 7UT

Registered Number

11697079 (England and Wales)
ATHURUGA LTD
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets33,8433,211
Investment property4920,000825,219
923,843828,430
Current assets
Debtors1,9542,149
Cash at bank and on hand2,808801
4,7622,950
Creditors amounts falling due within one year5(160,738)(132,331)
Net current assets (liabilities)(155,976)(129,381)
Total assets less current liabilities767,867699,049
Creditors amounts falling due after one year6(698,083)(698,083)
Provisions for liabilities8(13,458)-
Net assets56,326966
Capital and reserves
Called up share capital2020
Revaluation reserve59,860-
Profit and loss account(3,554)946
Shareholders' funds956,326966
The financial statements were approved and authorised for issue by the Board of Directors on 20 August 2024, and are signed on its behalf by:
BROWNING, Keith
Director
MICHEL, Jane Caroline
Director

Registered Company No. 11697079
ATHURUGA LTD
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Turnover from the rental of investment property is recognised by reference to the terms of individual tenancy contracts.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investment property
Investment property is initially recognised at cost and revalued to fair value at subsequent period ends.
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 December 224762,9901,5995,065
Additions-1,666481,714
At 30 November 234764,6561,6476,779
Depreciation and impairment
At 01 December 223838116601,854
Charge for year935654241,082
At 30 November 234761,3761,0842,936
Net book value
At 30 November 23-3,2805633,843
At 30 November 22932,1799393,211
4.Investment property
The directors, having reviewed the performance of the investment property portfolio against rental yields for similar properties, consider the fair value of the portfolio to be equal to it's carrying value.

£
Fair value at 01 December 22825,219
Additions20,879
Fair value adjustments73,902
At 30 November 23920,000
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables2,1671,282
Taxation and social security403607
Other creditors157,696129,444
Accrued liabilities and deferred income472998
Total160,738132,331
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts418,083418,083
Other creditors280,000280,000
Total698,083698,083
Creditors: amounts falling due after more than one year represent long-term shareholder loans and third-party mortgage balances, used to finance the Investment Property portfolio. They are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Secured creditors
Third-party mortgage balances are individually secured against the property to which they relate.
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)13,458-
Total13,458-
9.Revaluation reserve

£
Revaluations of plant, property and equipment73,902
Deferred Tax on Revaluations(14,042)
At 30 November 2359,860