Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-300falsetrue2023-05-01falseNo description of principal activity0falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14027745 2023-05-01 2024-04-30 14027745 2022-04-05 2023-04-30 14027745 2024-04-30 14027745 2023-04-30 14027745 c:Director1 2023-05-01 2024-04-30 14027745 d:FurnitureFittings 2023-05-01 2024-04-30 14027745 d:FurnitureFittings 2024-04-30 14027745 d:FurnitureFittings 2023-04-30 14027745 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 14027745 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 14027745 d:FreeholdInvestmentProperty 2024-04-30 14027745 d:FreeholdInvestmentProperty 2023-04-30 14027745 d:CurrentFinancialInstruments 2024-04-30 14027745 d:CurrentFinancialInstruments 2023-04-30 14027745 d:Non-currentFinancialInstruments 2024-04-30 14027745 d:Non-currentFinancialInstruments 2023-04-30 14027745 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14027745 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14027745 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 14027745 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 14027745 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 14027745 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 14027745 d:ShareCapital 2024-04-30 14027745 d:ShareCapital 2023-04-30 14027745 d:RetainedEarningsAccumulatedLosses 2024-04-30 14027745 d:RetainedEarningsAccumulatedLosses 2023-04-30 14027745 c:FRS102 2023-05-01 2024-04-30 14027745 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 14027745 c:FullAccounts 2023-05-01 2024-04-30 14027745 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14027745 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 14027745









ARANA PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
ARANA PROPERTIES LIMITED
REGISTERED NUMBER: 14027745

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,090
15,353

Investment property
 5 
5,230,907
5,228,496

  
5,242,997
5,243,849

Current assets
  

Debtors: amounts falling due within one year
 6 
13,150
4,194

Cash at bank and in hand
 7 
19,288
16,252

  
32,438
20,446

Creditors: amounts falling due within one year
 8 
(3,531,270)
(3,523,066)

Net current liabilities
  
 
 
(3,498,832)
 
 
(3,502,620)

Total assets less current liabilities
  
1,744,165
1,741,229

Creditors: amounts falling due after more than one year
 9 
(1,767,500)
(1,767,500)

  

Net liabilities
  
(23,335)
(26,271)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(23,336)
(26,272)

  
(23,335)
(26,271)


Page 1

 
ARANA PROPERTIES LIMITED
REGISTERED NUMBER: 14027745
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 February 2025.




Tonje Baillie
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ARANA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Arana Properties Limited is a private company limited by share capital. The company is registered in England and Wales, under company number 14027745. The company's registered office is located at 16 Chisholm Road, Richamond, Surrey TW10 6JH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is reliant on support from the company's director. It is the director's intention to
continue to provide support to the company for the foreseeable future. The accounts are therefore
prepared on the basis that the company is a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
ARANA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ARANA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 May 2023
15,652



At 30 April 2024

15,652



Depreciation


At 1 May 2023
299


Charge for the year on owned assets
3,263



At 30 April 2024

3,562



Net book value



At 30 April 2024
12,090



At 30 April 2023
15,353

Page 5

 
ARANA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
5,228,496


Additions at cost
2,411



At 30 April 2024
5,230,907

The 2024 valuations were made by the director, on an open market value for existing use basis.



At 30 April 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:




6.


Debtors

2024
2023
£
£


Prepayments and accrued income
13,150
4,194

13,150
4,194



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
19,288
16,252

19,288
16,252


Page 6

 
ARANA PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,183
339

Other creditors
3,523,890
3,521,527

Accruals and deferred income
5,197
1,200

3,531,270
3,523,066



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
1,767,500
1,767,500

1,767,500
1,767,500



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Other loans
1,767,500
1,767,500

1,767,500
1,767,500

1,767,500
1,767,500


 
Page 7