0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-02 Sage Accounts Production Advanced 2023 - FRS102_2023 207,634 207,634 207,634 xbrli:pure xbrli:shares iso4217:GBP 14634195 2023-02-02 2024-02-28 14634195 2024-02-28 14634195 2023-02-01 14634195 bus:Director2 2023-02-02 2024-02-28 14634195 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-02 2024-02-28 14634195 core:AfterOneYear 2024-02-28 14634195 core:WithinOneYear 2024-02-28 14634195 core:ShareCapital 2024-02-28 14634195 core:RetainedEarningsAccumulatedLosses 2024-02-28 14634195 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-28 14634195 bus:SmallEntities 2023-02-02 2024-02-28 14634195 bus:AuditExemptWithAccountantsReport 2023-02-02 2024-02-28 14634195 bus:SmallCompaniesRegimeForAccounts 2023-02-02 2024-02-28 14634195 bus:PrivateLimitedCompanyLtd 2023-02-02 2024-02-28 14634195 bus:FullAccounts 2023-02-02 2024-02-28
COMPANY REGISTRATION NUMBER: 14634195
Aarushiv Properties Limited
Filleted Unaudited Financial Statements
28 February 2024
Aarushiv Properties Limited
Statement of Financial Position
28 February 2024
28 Feb 24
Note
£
Fixed assets
Tangible assets
4
207,634
Current assets
Cash at bank and in hand
326
Creditors: amounts falling due within one year
5
73,596
--------
Net current liabilities
73,270
---------
Total assets less current liabilities
134,364
Creditors: amounts falling due after more than one year
6
139,636
---------
Net liabilities
( 5,272)
---------
Capital and reserves
Called up share capital
100
Profit and loss account
( 5,372)
-------
Shareholders deficit
( 5,272)
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Aarushiv Properties Limited
Statement of Financial Position (continued)
28 February 2024
These financial statements were approved by the board of directors and authorised for issue on 28 October 2024 , and are signed on behalf of the board by:
Mr PR Sadadiwala
Director
Company registration number: 14634195
Aarushiv Properties Limited
Notes to the Financial Statements
Period from 2 February 2023 to 28 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The The Old Mill, 9 Soar Lane, Leicester, LE3 5DE, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The companies liabilities exceed its assets by £5,272 as at the period end. The directors have stated that they will continue to support the company and therefore the company will continue on a going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration for rental income receivable.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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.
4. Tangible assets
Investment property
£
Cost
At 2 February 2023
Additions
207,634
---------
At 28 February 2024
207,634
---------
Depreciation
At 2 February 2023 and 28 February 2024
---------
Carrying amount
At 28 February 2024
207,634
---------
The directors consider that the investment property is held at it's fair value.
5. Creditors: amounts falling due within one year
28 Feb 24
£
Other creditors
73,596
--------
6. Creditors: amounts falling due after more than one year
28 Feb 24
£
Bank loans and overdrafts
139,636
---------
The above bank loan is subject to a fixed charge held by Paragon Bank plc.
Included within creditors: amounts falling due after more than one year is an amount of £139,636 in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.