Aura Inns Limited
Registered number: 09640683
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 58,540 63,582
Tangible assets 4 1,238,659 1,248,350
Investments 5 294 618,875
1,297,493 1,930,807
Current assets
Stocks 8,696 8,696
Debtors 6 680,716 15,673
Cash at bank and in hand 102,795 106,911
792,207 131,280
Creditors: amounts falling due within one year 7 (230,763) (265,765)
Net current assets/(liabilities) 561,444 (134,485)
Total assets less current liabilities 1,858,937 1,796,322
Creditors: amounts falling due after more than one year 8 (880,863) (960,580)
Provisions for liabilities (47,814) (44,053)
Net assets 930,260 791,689
Capital and reserves
Called up share capital 100 100
Profit and loss account 930,160 791,589
Shareholders' funds 930,260 791,689
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K Heavens
Director
Approved by the board on 11 March 2025
Aura Inns Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 36 32
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 100,850
At 30 June 2024 100,850
Amortisation
At 1 July 2023 37,268
Provided during the year 5,042
At 30 June 2024 42,310
Net book value
At 30 June 2024 58,540
At 30 June 2023 63,582
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 1,171,552 453,512 45,272 1,670,336
Additions - 72,380 - 72,380
Disposals - (1,413) - (1,413)
At 30 June 2024 1,171,552 524,479 45,272 1,741,303
Depreciation
At 1 July 2023 117,676 292,133 12,177 421,986
Charge for the year 22,198 51,386 8,274 81,858
On disposals - (1,200) - (1,200)
At 30 June 2024 139,874 342,319 20,451 502,644
Net book value
At 30 June 2024 1,031,678 182,160 24,821 1,238,659
At 30 June 2023 1,053,876 161,379 33,095 1,248,350
5 Investments
Other
investments
£
Cost
At 1 July 2023 618,875
Disposals (618,581)
At 30 June 2024 294
The investment consists of interest bearing deposits with UK banking institutions.
6 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 666,059 -
Other debtors 14,657 15,673
680,716 15,673
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 33,330 39,522
Trade creditors 36,298 51,942
Taxation and social security costs 139,230 111,675
Other creditors 21,905 62,626
230,763 265,765
8 Creditors: amounts falling due after one year 2024 2023
£ £
Non-equity preference shares 750,000 750,000
Bank loans - 20,833
Other creditors 130,863 189,747
880,863 960,580
9 Controlling party
Aura Inns Ltd is a wholly owned subsidiary of BKK Holdings Ltd.
10 Other information
Aura Inns Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Wayford Bridge Inn
Wayford
Norwich
England
NR12 9LL
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