Company Registration No. 10969049 (England and Wales)
Aura Care Homes Limited
Unaudited accounts
for the year ended 31 August 2024
Aura Care Homes Limited
Unaudited accounts
Contents
Aura Care Homes Limited
Company Information
for the year ended 31 August 2024
Directors
Prabhu Ram Neupane
Binod Bikash Simkhada
Company Number
10969049 (England and Wales)
Registered Office
9 Bannister Close
Slough, England
SL3 7DP
Accountants
Red Parrot Accounting Ltd
Red Parrot Accounting, Pentax House,
South Hill Avenue
South Harrow, London, Middlesex
England
HA2 0DU
Aura Care Homes Limited
Accountants' report
Accountants' report to the board of directors of Aura Care Homes Limited on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Aura Care Homes Limited for the year ended
31 August 2024 as set out on pages
5 -
9 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Aura Care Homes Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Aura Care Homes Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aura Care Homes Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Aura Care Homes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Aura Care Homes Limited. You consider that Aura Care Homes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Aura Care Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Red Parrot Accounting Ltd
Red Parrot Accounting, Pentax House,
South Hill Avenue
South Harrow, London, Middlesex
England
HA2 0DU
29 January 2025
Aura Care Homes Limited
Statement of financial position
as at 31 August 2024
Tangible assets
785,111
801,452
Cash at bank and in hand
416,688
101,472
Creditors: amounts falling due within one year
(422,052)
(390,184)
Net current liabilities
(112,121)
(266,576)
Total assets less current liabilities
672,990
534,876
Creditors: amounts falling due after more than one year
(261,019)
(271,274)
Provisions for liabilities
Deferred tax
(8,655)
(10,265)
Net assets
403,316
253,337
Called up share capital
100
100
Profit and loss account
403,216
253,237
Shareholders' funds
403,316
253,337
For the year ending 31 August 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by
Prabhu Ram Neupane
Director
Company Registration No. 10969049
Aura Care Homes Limited
Notes to the Accounts
for the year ended 31 August 2024
Aura Care Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 10969049. The registered office is 9 Bannister Close, Slough, England, SL3 7DP.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognized so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant & machinery
20% Straight Line Method
Fixtures & fittings
20% Straight Line Method
Computer equipment
20% Straight Line Method
The financial statements have been prepared on a going concern basis as support has been arranged from the shareholders to enable the company to pay its debts as they fall due.
Turnover is recognized at the fair value of the consideration receivable for services provided in the normal course of business.
Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Aura Care Homes Limited
Notes to the Accounts
for the year ended 31 August 2024
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company?s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Aura Care Homes Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
785,106
33,135
50,933
10,676
879,850
Additions
-
7,807
5,277
-
13,084
At 31 August 2024
785,106
40,942
56,210
10,676
892,934
At 1 September 2023
37,684
10,474
26,393
3,847
78,398
Charge for the year
9,421
7,283
11,242
1,479
29,425
At 31 August 2024
47,105
17,757
37,635
5,326
107,823
At 31 August 2024
738,001
23,185
18,575
5,350
785,111
At 31 August 2023
747,422
22,661
24,540
6,829
801,452
Amounts falling due within one year
Trade debtors
(112,847)
16,176
Accrued income and prepayments
5,090
4,960
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
12,665
15,076
Trade creditors
13,933
16,803
Taxes and social security
56,031
30,894
Other creditors
2,454
4,415
Loans from directors
270,253
265,498
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
261,019
271,274
The bank loan is secured by a fixed and floating charge over the company's property.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Aura Care Homes Limited
Notes to the Accounts
for the year ended 31 August 2024
9
Average number of employees
During the year the average number of employees was 34 (2023: 34).