Company Registration No. 07031928 (England and Wales)
Aern Properties Limited
Unaudited accounts
for the year ended 30 September 2024
Aern Properties Limited
Unaudited accounts
Contents
Aern Properties Limited
Company Information
for the year ended 30 September 2024
Company Number
07031928 (England and Wales)
Registered Office
13 Oakleigh Park South
London
N20 9JS
United Kingdom
Aern Properties Limited
Statement of financial position
as at 30 September 2024
Tangible assets
968,292
946,106
Cash at bank and in hand
151,502
456,341
Creditors: amounts falling due within one year
(125,020)
(113,723)
Net current assets
376,191
365,912
Total assets less current liabilities
1,344,483
1,312,018
Creditors: amounts falling due after more than one year
(147,514)
(131,132)
Provisions for liabilities
Deferred tax
(6,750)
(9,000)
Net assets
1,190,219
1,171,886
Called up share capital
100
100
Profit and loss account
1,190,119
1,171,786
Shareholders' funds
1,190,219
1,171,886
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 26 June 2025 and were signed on its behalf by
Dilip Girdharlal
Director
Company Registration No. 07031928
Aern Properties Limited
Notes to the Accounts
for the year ended 30 September 2024
Aern Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 07031928. The registered office is 13 Oakleigh Park South, London, N20 9JS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
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 accounts. 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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Aern Properties Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2023
910,106
45,000
955,106
At 30 September 2024
941,292
45,000
986,292
At 1 October 2023
-
9,000
9,000
Charge for the year
-
9,000
9,000
At 30 September 2024
-
18,000
18,000
At 30 September 2024
941,292
27,000
968,292
At 30 September 2023
910,106
36,000
946,106
Amounts falling due within one year
Trade debtors
7,652
19,500
Accrued income and prepayments
963
1,274
Other debtors
341,094
2,520
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
24,165
32,283
Taxes and social security
10,768
21,342
Other creditors
65,551
37,282
Loans from directors
167
137
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
147,514
131,132
8
Transactions with related parties
At the year end, Precious Homes Limited, a company controlled by a close family member of the director, Mr D G Dhanak, was owed £147,514 by the company (2023: £131,131). An amount of £205,000 was also loaned by the company to Maplefield Developments Ltd, a company controlled by the director. In addition an amount of £71,850 was advanced by way of a loan to Harmony Housing Ltd, a company controlled jointly by the director and a close family member of the director. £50,000 was also advanced by way of a loan to Elm Tree Care Ltd, another company controlled by a close family member of the director.
Aern Properties Limited
Notes to the Accounts
for the year ended 30 September 2024
The company was controlled by the director, Mr D G Dhanak during the year ended 30 September 2024 and the previous year.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).