Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-3012023-07-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06631535 2023-07-01 2024-06-30 06631535 2022-07-01 2023-06-30 06631535 2024-06-30 06631535 2023-06-30 06631535 2022-07-01 06631535 c:Director2 2023-07-01 2024-06-30 06631535 d:CurrentFinancialInstruments 2024-06-30 06631535 d:CurrentFinancialInstruments 2023-06-30 06631535 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06631535 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06631535 d:ShareCapital 2024-06-30 06631535 d:ShareCapital 2023-06-30 06631535 d:RevaluationReserve 2024-06-30 06631535 d:RevaluationReserve 2023-06-30 06631535 d:RetainedEarningsAccumulatedLosses 2024-06-30 06631535 d:RetainedEarningsAccumulatedLosses 2023-06-30 06631535 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 06631535 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 06631535 c:FRS102 2023-07-01 2024-06-30 06631535 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06631535 c:FullAccounts 2023-07-01 2024-06-30 06631535 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06631535 2 2023-07-01 2024-06-30 06631535 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 06631535









ARORA ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
ARORA ESTATES LIMITED
REGISTERED NUMBER: 06631535

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investments
 4 
1,548,865
1,798,865

Current assets
  

Stocks
  
265,957
431,105

Debtors: amounts falling due within one year
 5 
1,515,515
826,474

Cash at bank and in hand
  
4,992
7,907

  
1,786,464
1,265,486

Creditors: amounts falling due within one year
 6 
(1,300,380)
(1,230,801)

Net current assets
  
 
 
486,084
 
 
34,685

Total assets less current liabilities
  
2,034,949
1,833,550

Provisions for liabilities
  

Deferred tax
 7 
(72,237)
(93,858)

Net assets
  
1,962,712
1,739,692


Capital and reserves
  

Called up share capital 
  
2
2

Revaluation reserve
  
260,050
336,980

Profit and loss account
  
1,702,660
1,402,710

  
1,962,712
1,739,692


Page 1

 
ARORA ESTATES LIMITED
REGISTERED NUMBER: 06631535
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider 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 directors acknowledge their 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 comprehensive income 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 17 March 2025.




Ms Alka Arora
Director

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

Page 2

 
ARORA ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Arora Estates Limited is a private company, limited by shares, domiciled in England and Wales, registration number 06631535. The registered office is 12 Green Street, London, E7 8BZ.

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

Revenue

Revenue is measured at the fair value of consideration received or receivable and represents the amount receivable for services rendered by the Company.
The Company’s only source of revenue is rental income from investment properties let to connected entities and third parties. Sales invoices are raised monthly in advance for services provided. Revenue is recognised in the accounting period in which the services are rendered. Sales are made with credit terms. The element of financing is deemed immaterial and disregarded in the treatment of revenue.

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

Page 3

 
ARORA ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

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 the Statement of comprehensive income.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.

 
2.8

Debtors

Short-term debtors are measured at transaction price, 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.

Page 4

 
ARORA ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price..

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2023 - 1).

Page 5

 
ARORA ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Fixed asset investments





Investment property

£



Cost or valuation


At 1 July 2023
1,798,865


Disposals
(250,000)



At 30 June 2024
1,548,865





5.


Debtors

2024
2023
£
£


Trade debtors
348
18,546

Other debtors
1,514,186
807,136

Prepayments
981
792

1,515,515
826,474



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
29
-

Corporation tax
107,843
24,722

Other creditors
1,185,935
1,192,617

Accruals and deferred income
6,573
13,462

1,300,380
1,230,801


Page 6

 
ARORA ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Deferred taxation




2024
2023


£

£






At beginning of year
(93,858)
(93,858)


Charged to the Statement of comprehensive income
21,621
-



At end of year
(72,237)
(93,858)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealised gain on revaluation of investment properties
(72,237)
(93,858)


8.


Related party transactions

Included within other creditors is an amount of £644,023 (2023 - £646,405) owed to the shareholder of the Company.
Included within other creditors is an amount of £Nil 
(2023 - Nil) owed to an LLP in which the director and shareholder of this company are designated members.


9.


Controlling party

The company is controlled by Miss A Arora.

Page 7