REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JUNE 2024 |
FOR |
AURORA WAGTAIL NORFOLK LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JUNE 2024 |
FOR |
AURORA WAGTAIL NORFOLK LTD |
AURORA WAGTAIL NORFOLK LTD (REGISTERED NUMBER: 13450179) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 JUNE 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
AURORA WAGTAIL NORFOLK LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 29 JUNE 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Fourth & Fifth Floors |
14-15 Lower Grosvenor Place |
London |
SW1W 0EX |
AURORA WAGTAIL NORFOLK LTD (REGISTERED NUMBER: 13450179) |
BALANCE SHEET |
29 JUNE 2024 |
29.6.24 | 29.6.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
AURORA WAGTAIL NORFOLK LTD (REGISTERED NUMBER: 13450179) |
BALANCE SHEET - continued |
29 JUNE 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
AURORA WAGTAIL NORFOLK LTD (REGISTERED NUMBER: 13450179) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 JUNE 2024 |
1. | STATUTORY INFORMATION |
Aurora Wagtail Norfolk Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its |
estimated useful life |
Plant and machinery - 33.3 % straight line |
Fixtures and Fittings - 33% straight line |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
AURORA WAGTAIL NORFOLK LTD (REGISTERED NUMBER: 13450179) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 JUNE 2024 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The company has incurred operating losses of £14,191 (2023: 14,458) during the year. In addition, the company has reported net current liabilities for the year amounting to £54,952 (2023: £40,760). |
The directors are of opinion that these are initial trading years of the company and going forward, the company will become profitable. As at the year end, the company had adequate cash balances. |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 30 June 2023 |
and 29 June 2024 |
DEPRECIATION |
At 30 June 2023 |
Charge for year |
At 29 June 2024 |
NET BOOK VALUE |
At 29 June 2024 |
At 29 June 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 30 June 2023 |
and 29 June 2024 |
NET BOOK VALUE |
At 29 June 2024 |
At 29 June 2023 |
AURORA WAGTAIL NORFOLK LTD (REGISTERED NUMBER: 13450179) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 JUNE 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.6.24 | 29.6.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.6.24 | 29.6.23 |
£ | £ |
Other creditors |
8. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Mr James Watson, company director and majority shareholder. Mr |
James Watson is also a director and majority shareholder in Aurora Alliance Holdings Limited, the |
parent company. |