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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
Page
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Aern Properties Limited Company Information for the year ended 30 September 2024
Director
Dilip Girdharlal
Secretary
Taruna D Dhanak
Company Number
07031928 (England and Wales)
Registered Office
13 Oakleigh Park South London N20 9JS United Kingdom
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Aern Properties Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
968,292 
946,106 
Current assets
Debtors
349,709 
23,294 
Cash at bank and in hand
151,502 
456,341 
501,211 
479,635 
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 
Capital and reserves
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
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Aern Properties Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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 taxation
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.
Financial instruments
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.
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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 
Additions
31,186 
- 
31,186 
At 30 September 2024
941,292 
45,000 
986,292 
Depreciation
At 1 October 2023
- 
9,000 
9,000 
Charge for the year
- 
9,000 
9,000 
At 30 September 2024
- 
18,000 
18,000 
Net book value
At 30 September 2024
941,292 
27,000 
968,292 
At 30 September 2023
910,106 
36,000 
946,106 
5
Debtors
2024 
2023 
£ 
£ 
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 
349,709 
23,294 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
24,165 
32,283 
Trade creditors
2,289 
379 
Taxes and social security
10,768 
21,342 
Other creditors
65,551 
37,282 
Loans from directors
167 
137 
Accruals
22,080 
22,300 
125,020 
113,723 
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.
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Aern Properties Limited Notes to the Accounts for the year ended 30 September 2024
9
Controlling party
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).
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