Acorah Software Products - Accounts Production 16.2.850 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10162704 Mr Benedict Arguile Mr Robert Jackson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10162704 2023-05-31 10162704 2024-05-31 10162704 2023-06-01 2024-05-31 10162704 frs-core:CurrentFinancialInstruments 2024-05-31 10162704 frs-core:Non-currentFinancialInstruments 2024-05-31 10162704 frs-core:ShareCapital 2024-05-31 10162704 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10162704 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10162704 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10162704 frs-bus:SmallEntities 2023-06-01 2024-05-31 10162704 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10162704 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10162704 frs-bus:Director1 2023-06-01 2024-05-31 10162704 frs-bus:Director2 2023-06-01 2024-05-31 10162704 frs-countries:EnglandWales 2023-06-01 2024-05-31 10162704 2022-05-31 10162704 2023-05-31 10162704 2022-06-01 2023-05-31 10162704 frs-core:CurrentFinancialInstruments 2023-05-31 10162704 frs-core:Non-currentFinancialInstruments 2023-05-31 10162704 frs-core:ShareCapital 2023-05-31 10162704 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10162704
Aubin Partners Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Azuki Accounts Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10162704
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 417,499 417,499
417,499 417,499
CURRENT ASSETS
Debtors 5 9,287 9,287
Cash at bank and in hand 5,952 4,503
15,239 13,790
Creditors: Amounts Falling Due Within One Year 6 (150,569 ) (85,562 )
NET CURRENT ASSETS (LIABILITIES) (135,330 ) (71,772 )
TOTAL ASSETS LESS CURRENT LIABILITIES 282,169 345,727
Creditors: Amounts Falling Due After More Than One Year 7 (254,092 ) (319,099 )
NET ASSETS 28,077 26,628
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 27,977 26,528
SHAREHOLDERS' FUNDS 28,077 26,628
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Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Benedict Arguile
Director
23/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aubin Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10162704 . The registered office is Unit 6, Bradbury's Court, Lyon Road, Harrow, HA1 2BY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 417,499
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 204 204
Deferred tax current asset 9,083 9,083
9,287 9,287
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 10,457 84,938
Directors' loan accounts 140,112 624
150,569 85,562
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 254,092 254,099
Amounts owed to related parties - 65,000
254,092 319,099
At 31 May 2024, the company had a mortgage loan facility with Paragon Bank PLC secured against its investment property located at 129 Colchester Road, Leyton, London, E10 6HD.
The balance outstanding on this facility as at 31 March 2024 was £264,549, and interest is charged at a variable rate of 3.95% per annum. The mortgage is on an interest-only basis and has a remaining term of approximately 18 years.
The mortgage is secured by way of a legal charge over the investment property.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
At the balance sheet date, the company owed the following amounts to its directors:
Mr Benedict Arguile – £70,056
Mr Robert Jackson – £70,056
These balances are included within "Directors' loan accounts" under creditors falling due within one year. The loans are interest-free, unsecured, and repayable on demand.
No other related party transactions occurred during the year.
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