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Registered Number: 14882924
England and Wales

 

 

 

ARIES PROPERTY SOLUTIONS LTD


Abridged Accounts
 


Period of accounts

Start date: 20 May 2023

End date: 31 May 2024
Accountants report: You consider that the company is exempt from an audit for the year ended 31 May 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
PAUL EBHODAGHE ONO
Chartered Accountant



....................................................
PAUL ONO
CPPT & ACCOUNTANCY SERVICES LIMITED

UNIT 203A
Island Business Centre
18 - 36 Wellington Street
London
SE18 6PF
11 February 2025
1
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 6 18,000 
18,000 
Current assets    
Net current assets
 
Total assets less current liabilities 18,000 
Net assets 18,000 
 

Capital and reserves
   
Reserves 14,848 
Profit and loss account 3,152 
Shareholders' funds 18,000 
 


For the accounting and financial year period ended 31 May 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the financial year period ended 31 May 2024, in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. during the financial year period ended 31 May 2024.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 10 February 2025 and were signed by:


-------------------------------
Tony Chukwuma NWAGBOLU
Director
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General Information
ARIES PROPERTY SOLUTIONS LTD is a private limited company. The company was incorporated on 20 May 2023 and registered in England and Wales. The Company Registration Number is 14882924. The Registered Office address is 144 Birling Road, Erith, DA8 3HS.  

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements for the financial year ended 31 May 2024 have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises of the rental income receipts from a third party tenant/s exclusive of Value Added Tax and trade discounts. 
Cost of sales
Cost of Sales represents the costs for repairs & maintenance, insurance premiums, mortgage interest, professional services during the financial year period ended 31 May 2024.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Fixtures & fittings AT 10% of the cost of £10,000.00, and computer, printer and laptop at the cost of £10,000 and 10% Straight Line for over 10 years, respectively - reducing Balance.
Fixtures and Fittings 10% /10 years Reducing Balance
Computer Equipment 10% /10 years Reducing Balance
2.

Directors' Emoluments

2024
Number of directors to whom retirement benefits accrued Number
Defined contribution plans 1 
Defined benefit plans 1 
Directors Emoluments are either salaries or dividends paid to the directors of the company during the financial year period ended 31 May 2024. 

3.

Staff Costs

2024
Average number of employees during the period Number
Administration 1 
Staff Costs are costs incurred by the company in payment of employees and staff salaries including staff training during the financial year ended 31 May 2024.  

4.

Average number of employees

The average number of employees employed by the company during the financial year period ended 31 May 2024 was one.
Average number of employees during the period was 1.
5.

Financial Commitments, Guarantees and Contingencies

The director of ARIES PROPERTY SOLUTIONS LTD is committed to the company's success and growth in the United Kingdom and across the global world. 

6.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 20 May 2023    
Additions 10,000    10,000    20,000 
Disposals    
At 31 May 2024 10,000    10,000    20,000 
Depreciation
At 20 May 2023    
Charge for period 1,000    1,000    2,000 
On disposals    
At 31 May 2024 1,000    1,000    2,000 
Net book values
Closing balance as at 31 May 2024 9,000    9,000    18,000 
Opening balance as at 20 May 2023    


7.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and partly paid
2024
£
100 Class A shares of £1.00 each 100 
100 

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