2022-11-012023-10-312023-10-31false11023657ARAMECH PROPERTY SOURCING LTD2024-10-3068310iso4217:GBPxbrli:pure110236572022-11-01110236572023-10-31110236572022-11-012023-10-31110236572021-11-01110236572022-10-31110236572021-11-012022-10-3111023657bus:SmallEntities2022-11-012023-10-3111023657bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3111023657bus:FullAccounts2022-11-012023-10-3111023657bus:PrivateLimitedCompanyLtd2022-11-012023-10-3111023657core:WithinOneYear2023-10-3111023657core:AfterOneYear2023-10-3111023657core:WithinOneYear2022-10-3111023657core:AfterOneYear2022-10-3111023657core:ShareCapital2023-10-3111023657core:SharePremium2023-10-3111023657core:RevaluationReserve2023-10-3111023657core:OtherReservesSubtotal2023-10-3111023657core:RetainedEarningsAccumulatedLosses2023-10-3111023657core:ShareCapital2022-10-3111023657core:SharePremium2022-10-3111023657core:RevaluationReserve2022-10-3111023657core:OtherReservesSubtotal2022-10-3111023657core:RetainedEarningsAccumulatedLosses2022-10-3111023657core:LandBuildings2023-10-3111023657core:PlantMachinery2023-10-3111023657core:Vehicles2023-10-3111023657core:FurnitureFittings2023-10-3111023657core:OfficeEquipment2023-10-3111023657core:NetGoodwill2023-10-3111023657core:IntangibleAssetsOtherThanGoodwill2023-10-3111023657core:ListedExchangeTraded2023-10-3111023657core:UnlistedNon-exchangeTraded2023-10-3111023657core:LandBuildings2022-10-3111023657core:PlantMachinery2022-10-3111023657core:Vehicles2022-10-3111023657core:FurnitureFittings2022-10-3111023657core:OfficeEquipment2022-10-3111023657core:NetGoodwill2022-10-3111023657core:IntangibleAssetsOtherThanGoodwill2022-10-3111023657core:ListedExchangeTraded2022-10-3111023657core:UnlistedNon-exchangeTraded2022-10-3111023657core:LandBuildings2022-11-012023-10-3111023657core:PlantMachinery2022-11-012023-10-3111023657core:Vehicles2022-11-012023-10-3111023657core:FurnitureFittings2022-11-012023-10-3111023657core:OfficeEquipment2022-11-012023-10-3111023657core:NetGoodwill2022-11-012023-10-3111023657core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3111023657core:ListedExchangeTraded2022-11-012023-10-3111023657core:UnlistedNon-exchangeTraded2022-11-012023-10-3111023657core:MoreThanFiveYears2022-11-012023-10-3111023657core:Non-currentFinancialInstruments2023-10-3111023657core:Non-currentFinancialInstruments2022-10-3111023657dpl:CostSales2022-11-012023-10-3111023657dpl:DistributionCosts2022-11-012023-10-3111023657core:LandBuildings2022-11-012023-10-3111023657core:PlantMachinery2022-11-012023-10-3111023657core:Vehicles2022-11-012023-10-3111023657core:FurnitureFittings2022-11-012023-10-3111023657core:OfficeEquipment2022-11-012023-10-3111023657dpl:AdministrativeExpenses2022-11-012023-10-3111023657core:NetGoodwill2022-11-012023-10-3111023657core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3111023657dpl:GroupUndertakings2022-11-012023-10-3111023657dpl:ParticipatingInterests2022-11-012023-10-3111023657dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3111023657core:ListedExchangeTraded2022-11-012023-10-3111023657dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3111023657core:UnlistedNon-exchangeTraded2022-11-012023-10-3111023657dpl:CostSales2021-11-012022-10-3111023657dpl:DistributionCosts2021-11-012022-10-3111023657core:LandBuildings2021-11-012022-10-3111023657core:PlantMachinery2021-11-012022-10-3111023657core:Vehicles2021-11-012022-10-3111023657core:FurnitureFittings2021-11-012022-10-3111023657core:OfficeEquipment2021-11-012022-10-3111023657dpl:AdministrativeExpenses2021-11-012022-10-3111023657core:NetGoodwill2021-11-012022-10-3111023657core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3111023657dpl:GroupUndertakings2021-11-012022-10-3111023657dpl:ParticipatingInterests2021-11-012022-10-3111023657dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3111023657core:ListedExchangeTraded2021-11-012022-10-3111023657dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3111023657core:UnlistedNon-exchangeTraded2021-11-012022-10-3111023657core:NetGoodwill2023-10-3111023657core:IntangibleAssetsOtherThanGoodwill2023-10-3111023657core:LandBuildings2023-10-3111023657core:PlantMachinery2023-10-3111023657core:Vehicles2023-10-3111023657core:FurnitureFittings2023-10-3111023657core:OfficeEquipment2023-10-3111023657core:AfterOneYear2023-10-3111023657core:WithinOneYear2023-10-3111023657core:ListedExchangeTraded2023-10-3111023657core:UnlistedNon-exchangeTraded2023-10-3111023657core:ShareCapital2023-10-3111023657core:SharePremium2023-10-3111023657core:RevaluationReserve2023-10-3111023657core:OtherReservesSubtotal2023-10-3111023657core:RetainedEarningsAccumulatedLosses2023-10-3111023657core:NetGoodwill2022-10-3111023657core:IntangibleAssetsOtherThanGoodwill2022-10-3111023657core:LandBuildings2022-10-3111023657core:PlantMachinery2022-10-3111023657core:Vehicles2022-10-3111023657core:FurnitureFittings2022-10-3111023657core:OfficeEquipment2022-10-3111023657core:AfterOneYear2022-10-3111023657core:WithinOneYear2022-10-3111023657core:ListedExchangeTraded2022-10-3111023657core:UnlistedNon-exchangeTraded2022-10-3111023657core:ShareCapital2022-10-3111023657core:SharePremium2022-10-3111023657core:RevaluationReserve2022-10-3111023657core:OtherReservesSubtotal2022-10-3111023657core:RetainedEarningsAccumulatedLosses2022-10-3111023657core:NetGoodwill2021-11-0111023657core:IntangibleAssetsOtherThanGoodwill2021-11-0111023657core:LandBuildings2021-11-0111023657core:PlantMachinery2021-11-0111023657core:Vehicles2021-11-0111023657core:FurnitureFittings2021-11-0111023657core:OfficeEquipment2021-11-0111023657core:AfterOneYear2021-11-0111023657core:WithinOneYear2021-11-0111023657core:ListedExchangeTraded2021-11-0111023657core:UnlistedNon-exchangeTraded2021-11-0111023657core:ShareCapital2021-11-0111023657core:SharePremium2021-11-0111023657core:RevaluationReserve2021-11-0111023657core:OtherReservesSubtotal2021-11-0111023657core:RetainedEarningsAccumulatedLosses2021-11-0111023657core:AfterOneYear2022-11-012023-10-3111023657core:WithinOneYear2022-11-012023-10-3111023657core:Non-currentFinancialInstrumentscore:CostValuation2022-11-012023-10-3111023657core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-11-012023-10-3111023657core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-11-012023-10-3111023657core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-11-012023-10-3111023657core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-11-012023-10-3111023657core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-11-012023-10-3111023657core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-11-012023-10-3111023657core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-11-012023-10-3111023657core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-11-012023-10-3111023657core:Non-currentFinancialInstrumentscore:CostValuation2023-10-3111023657core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-3111023657core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-3111023657core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-3111023657core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-3111023657core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-3111023657core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-3111023657core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-3111023657core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-3111023657core:Non-currentFinancialInstrumentscore:CostValuation2022-10-3111023657core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-10-3111023657core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-10-3111023657core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-10-3111023657core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-10-3111023657core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-10-3111023657core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-10-3111023657core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-10-3111023657core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-10-3111023657bus:Director12022-11-012023-10-3111023657core:FurnitureFittingsToolsEquipment2022-10-3111023657core:FurnitureFittingsToolsEquipment2022-11-012023-10-3111023657core:FurnitureFittingsToolsEquipment2023-10-31

ARAMECH PROPERTY SOURCING LTD

Registered Number
11023657
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

ARAMECH PROPERTY SOURCING LTD
Company Information
for the year from 1 November 2022 to 31 October 2023

Director

JACKSON, Daniel Ian

Company Secretary

BECK, Alexander Vincent

Registered Address

35 Pond Street
London
NW3 2PN

Registered Number

11023657 (England and Wales)
ARAMECH PROPERTY SOURCING LTD
Statement of Financial Position
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets440,2901,760
Investment property5746,909746,909
787,199748,669
Current assets
Debtors77,01877,517
Cash at bank and on hand20,99622,358
98,01499,875
Creditors amounts falling due within one year6(24,832)(11,113)
Net current assets (liabilities)73,18288,762
Total assets less current liabilities860,381837,431
Creditors amounts falling due after one year7(851,995)(864,412)
Provisions for liabilities8(8,895)-
Net assets(509)(26,981)
Capital and reserves
Called up share capital22
Profit and loss account(511)(26,983)
Shareholders' funds(509)(26,981)
The financial statements were approved and authorised for issue by the Director on 30 October 2024, and are signed on its behalf by:
JACKSON, Daniel Ian
Director
Registered Company No. 11023657
ARAMECH PROPERTY SOURCING LTD
Notes to the Financial Statements
for the year ended 31 October 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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The financial statements have been prepared assuming the company will contiune as a going concern. At the year end, the company had net liabilities of £23,053 and loss before taxation of £9,038. However, the directors consider that the company has adequate resources available in order to continue in operational existence for the foreseeable future based on the continuing support from its shareholders. The financial statements do not include the adjustments that would result if the company would be unable to continue in operation.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Investment property
Investment properties are properties held to earn rentals or for capital appreciation, or both, and are accounted for using the fair value model. Investment properties are revalued annually with resulting gains and losses recognised in profit or loss. These are included in the statement of financial position at their fair values.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20232022
Average number of employees during the year20
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 November 22-2,2002,200
Additions42,676-42,676
At 31 October 2342,6762,20044,876
Depreciation and impairment
At 01 November 22-440440
Charge for year3,7064404,146
At 31 October 233,7068804,586
Net book value
At 31 October 2338,9701,32040,290
At 31 October 22-1,7601,760
5.Investment property

£
Fair value at 01 November 22746,909
At 31 October 23746,909
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables5,9453,135
Taxation and social security5,2611,674
Other creditors9,978200
Accrued liabilities and deferred income3,6486,104
Total24,83211,113
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.
7.Creditors: amounts due after one year

2023

2022

££
Amounts owed to related parties834,086846,397
Other creditors17,90918,015
Total851,995864,412
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)8,895-
Total8,895-