Silverfin false false 31/08/2024 23/08/2023 31/08/2024 P Manawalan 23/08/2023 14 May 2025 The principal activity of the Company during the financial period was property management.
The company was incorporated on the 23 August 2023 and commenced to trade on the 23 August 2023.
15091723 2024-08-31 15091723 bus:Director1 2024-08-31 15091723 core:CurrentFinancialInstruments 2024-08-31 15091723 core:ShareCapital 2024-08-31 15091723 core:RetainedEarningsAccumulatedLosses 2024-08-31 15091723 2023-08-22 15091723 bus:OrdinaryShareClass1 2024-08-31 15091723 2023-08-23 2024-08-31 15091723 bus:FilletedAccounts 2023-08-23 2024-08-31 15091723 bus:SmallEntities 2023-08-23 2024-08-31 15091723 bus:AuditExemptWithAccountantsReport 2023-08-23 2024-08-31 15091723 bus:PrivateLimitedCompanyLtd 2023-08-23 2024-08-31 15091723 bus:Director1 2023-08-23 2024-08-31 15091723 bus:OrdinaryShareClass1 2023-08-23 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15091723 (England and Wales)

WILLOW AURORA LIMITED

Unaudited Financial Statements
For the financial period from 23 August 2023 to 31 August 2024
Pages for filing with the registrar

WILLOW AURORA LIMITED

Unaudited Financial Statements

For the financial period from 23 August 2023 to 31 August 2024

Contents

WILLOW AURORA LIMITED

BALANCE SHEET

As at 31 August 2024
WILLOW AURORA LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 31.08.2024
£
Fixed assets
Investment property 3 369,402
369,402
Current assets
Debtors 4 72
72
Creditors: amounts falling due within one year 5 ( 360,866)
Net current liabilities (360,794)
Total assets less current liabilities 8,608
Net assets 8,608
Capital and reserves
Called-up share capital 6 100
Profit and loss account 8,508
Total shareholder's funds 8,608

For the financial period ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Willow Aurora Limited (registered number: 15091723) were approved and authorised for issue by the Director on 14 May 2025. They were signed on its behalf by:

P Manawalan
Director
WILLOW AURORA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 23 August 2023 to 31 August 2024
WILLOW AURORA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 23 August 2023 to 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Willow Aurora Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 71 Birchwood Road, Dartford, DA2 7HQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

A company's first accounts covering the period from incorporation on 23 August 2023 to 31 August 2024.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
23.08.2023 to
31.08.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Investment property

Investment property
£
Valuation
As at 23 August 2023 0
Additions 369,402
As at 31 August 2024 369,402

4. Debtors

31.08.2024
£
Other debtors 72

5. Creditors: amounts falling due within one year

31.08.2024
£
Taxation and social security 1,996
Other creditors 358,870
360,866

6. Called-up share capital

31.08.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

During the period, 100 ordinary shares were issued at par and rank pari passu.

7. Related party transactions

Transactions with the entity's director

31.08.2024
£
Amounts owed to director (356,448)

Amounts owed to director are provided interest free, are unsecured and repayable on demand.