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REGISTERED NUMBER: 11611936 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Aum Group Limited

Aum Group Limited (Registered number: 11611936)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aum Group Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr Prakash Narottambhai Patel
Mrs Anjana Patel





REGISTERED OFFICE: Office 1
21 Hatherton Street
Walsall
WS4 2LA





REGISTERED NUMBER: 11611936 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Aum Group Limited (Registered number: 11611936)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Investments 4 2,776,847 2,766,211

CURRENT ASSETS
Debtors 5 1 -
Cash at bank and in hand 4,515 7,437
4,516 7,437
CREDITORS
Amounts falling due within one year 6 (996,508 ) (969,094 )
NET CURRENT LIABILITIES (991,992 ) (961,657 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,784,855

1,804,554

CREDITORS
Amounts falling due after more than
one year

7

(1,249,596

)

(1,365,872

)
NET ASSETS 535,259 438,682

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 535,059 438,482
SHAREHOLDERS' FUNDS 535,259 438,682

Aum Group Limited (Registered number: 11611936)

Balance Sheet - continued
29 February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 25 September 2024 and were signed on its behalf by:





Mr Prakash Narottambhai Patel - Director


Aum Group Limited (Registered number: 11611936)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Aum Group 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 as modified by the revaluation of certain assets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 2,766,211
Revaluations 10,636
At 29 February 2024 2,776,847
NET BOOK VALUE
At 29 February 2024 2,776,847
At 28 February 2023 2,766,211

The unlisted investment represents shares in a fully owned subsidiary Relinquo Holdings Limited, a company incorporated in England and Wales.

As of 29 February 2024, the financial position of the subsidiary was as follows:

Profit after tax £233,073
Capital and reserves £752,401

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed by group undertakings 1 -

Aum Group Limited (Registered number: 11611936)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 169,979 166,739
Other creditors 826,529 802,355
996,508 969,094

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 1,249,596 1,365,872

8. RELATED PARTY DISCLOSURES

As of 29 February 2024, the company owed £826,528 (2023 - £802,355 to AUM Healthcare Limited. Mr Prakash Patel and Mrs Anjana Patel are both directors of AUM Healthcare Limited.
Interest payable is charged at 3%. The loan is repayable on demand.

The company has taken advantage of the exemption under the terms of Financial Reporting Standard 102, not to disclose the related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by Mr P and Mrs A Patel, by virtue of their ownership of 100% of the issued share capital in the company.