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REGISTERED NUMBER: 10656391 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Aura Property Holdings Limited

Aura Property Holdings Limited (Registered number: 10656391)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aura Property Holdings Limited

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M Riley





REGISTERED OFFICE: The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN





REGISTERED NUMBER: 10656391 (England and Wales)





ACCOUNTANTS: Connolly Accountants & Business Advisors Ltd
Chartered Certified Accountants
The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN

Aura Property Holdings Limited (Registered number: 10656391)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,340 37,636
Investment property 5 1,465,000 1,460,000
1,496,340 1,497,636

CURRENT ASSETS
Cash at bank 8,821 35,730

CREDITORS
Amounts falling due within one year 6 421,117 467,968
NET CURRENT LIABILITIES (412,296 ) (432,238 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,084,044

1,065,398

CREDITORS
Amounts falling due after more than one year 7 (823,247 ) (823,247 )

PROVISIONS FOR LIABILITIES (21,212 ) (20,115 )
NET ASSETS 239,585 222,036

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 60,475 56,725
Retained earnings 179,010 165,211
SHAREHOLDERS' FUNDS 239,585 222,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Aura Property Holdings Limited (Registered number: 10656391)

Balance Sheet - continued
31 MARCH 2024


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 director and authorised for issue on 18 October 2024 and were signed by:





M Riley - Director


Aura Property Holdings Limited (Registered number: 10656391)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Aura Property Holdings 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 3 years

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.

Aura Property Holdings Limited (Registered number: 10656391)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Aura Property Holdings Limited (Registered number: 10656391)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 369 60,000 4,417 64,786
DEPRECIATION
At 1 April 2023 277 23,153 3,720 27,150
Charge for year 92 5,527 677 6,296
At 31 March 2024 369 28,680 4,397 33,446
NET BOOK VALUE
At 31 March 2024 - 31,320 20 31,340
At 31 March 2023 92 36,847 697 37,636

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,460,000
Revaluations 5,000
At 31 March 2024 1,465,000
NET BOOK VALUE
At 31 March 2024 1,465,000
At 31 March 2023 1,460,000

Aura Property Holdings Limited (Registered number: 10656391)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 28,167
Valuation in 2021 17,466
Valuation in 2022 5,000
Valuation in 2023 25,000
Valuation in 2024 5,000
Cost 1,384,367
1,465,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,384,367 1,384,367

The Investment property was valued on an open market basis on 31 March 2024 by the Director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,548 1,116
Other creditors 417,569 466,852
421,117 467,968

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 823,247 823,247

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 823,247 823,247

Aura Property Holdings Limited (Registered number: 10656391)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 823,247 823,247

The mortgage lender holds fixed and floating charges over all the property and undertakings of the company.

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 56,725
Transfer in 3,750

At 31 March 2024 60,475

Included within the fair value reserve are accumulated gains on the revaluation of investment properties within the accounts, net of any deferred tax provision. These reserves are not distributable.

10. RELATED PARTY DISCLOSURES

The director has loaned the Company £417,377 (2023: £466,659) which is included in other creditors. This balance is interest free with no fixed repayment terms.