Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Investments | 3 | ||||||
Current assets | |||||||
Debtors | 4 | - | |||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current liabilities | ( |
( |
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Net assets/(liabilities) | ( |
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Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | ( |
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Shareholders' funds | ( |
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Malti Patel | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Investment property | ||||||||
Freehold properties which are held for their long term investment and rental potential are accounted for as investment properties in accordance with FRS 102. Accordingly the investment properties may be revalued annually if necessary at the discretion of directors and any surplus or deficit transferred to a revaluation reserve. In the case of permanent impairment in the value of the investment properties, any deficit below cost is taken to the profit and loss account of the financial year. No depreciation is provided in respect of freehold investment properties. Although the Companies Act 2006 would normally require the systematic annual depreciation of all fixed assets, the directors believe that the policy of not providing depreciation on freehold investment properties is necessary in order for the financial statements to give a true and fair view, since the current value of the investment properties, and changes to that current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in an annual valuation, and the amount which might have been otherwise shown cannot be separately identified or quantified. Property acquisitions and disposals are accounted for only when legally binding contracts which are irrevocable and efficiently unconditional are exchanged and, in the case of disposals, where completion has taken place prior to the date on which the financial statements are approved. |
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Taxation | ||||||||
2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Investments | |||||||
Other | ||||||||
investments | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 May 2023 | ||||||||
Additions | ||||||||
At 30 April 2024 | ||||||||
4 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Rents accrued | - | |||||||
5 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Corporation tax provision | - | |||||||
Other creditors (see note 6) | ||||||||
6 | Other Creditors | |||||||
Other creditors include £484,050 (2022 - £433,900) in unsecured interest free loans that are repayable on demand to its shareholders. The company received the loans in order to pay deposits for investment property, payments due at completion and related company expenses. | ||||||||
6 | Other information | |||||||
Aruman Ltd is a private company limited by shares and incorporated in England. |