2023-03-012024-02-292024-02-29false12452260ARUC PROPERTY 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ARUC PROPERTY LTD

Registered Number
12452260
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

ARUC PROPERTY LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

CURA, Stephanie Louise
MANN, Joanna Maria Teresa

Registered Address

1 Gemini Court
42a Throwley Way
Sutton
SM1 4AF

Place of Business


Registered Number

12452260 (England and Wales)
ARUC PROPERTY LTD
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,283781
Investment property4902,000828,374
904,283829,155
Current assets
Debtors519,93620,301
Cash at bank and on hand21,27863,958
41,21484,259
Creditors amounts falling due within one year6(4,026)(4,420)
Net current assets (liabilities)37,18879,839
Total assets less current liabilities941,471908,994
Creditors amounts falling due after one year7(867,531)(906,676)
Provisions for liabilities8(14,423)(148)
Net assets59,5172,170
Capital and reserves
Called up share capital22
Revaluation reserve59,637-
Profit and loss account(122)2,168
Shareholders' funds59,5172,170
The financial statements were approved and authorised for issue by the Board of Directors on 6 November 2024, and are signed on its behalf by:
CURA, Stephanie Louise
Director
MANN, Joanna Maria Teresa
Director

Registered Company No. 12452260
ARUC PROPERTY LTD
Notes to the Financial Statements
for the year ended 29 February 2024

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.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
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:

Reducing balance (%)
Office Equipment25
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 March 231,3881,388
Additions2,2632,263
At 29 February 243,6513,651
Depreciation and impairment
At 01 March 23607607
Charge for year761761
At 29 February 241,3681,368
Net book value
At 29 February 242,2832,283
At 28 February 23781781
4.Investment property
The fair value of the following investment property has been arrived at on the basis of a valuation carried out by the directors at 29/02/2024 on an open market evidence of transactions prices for similar properties.

£
Fair value at 01 March 23828,374
Fair value adjustments73,626
At 29 February 24902,000
5.Debtors: amounts due within one year

2024

2023

££
Other debtors19,62020,000
Prepayments and accrued income316301
Total19,93620,301
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security-826
Other creditors-226
Accrued liabilities and deferred income4,0263,368
Total4,0264,420
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts361,970401,426
Other creditors505,561505,250
Total867,531906,676
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)14,423148
Total14,423148
9.Further information regarding the company's financial position
Monmouthshire Building Society contains floating charge. Floating charge covers all the property, 28 Prince Georges Avenue, London SW20 8BH. One Savings Bank PLC contains floating charge. Floating charge covers all the property, 9 Wellington street, Plymouth PL4 8NB.