Aurus (HAT) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14155699

Aurus (HAT) Limited

Filleted Financial Statements

30 June 2025

Aurus (HAT) Limited

Statement of Financial Position

30 June 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	30,950,370	30,950,370

Current assets

Debtors	5	335,671	583,504
Cash at bank and in hand		1,399,369	1,623,727
		------------	------------
		1,735,040	2,207,231

Creditors: amounts falling due within one year	6	160,764	654,124
		------------	------------
Net current assets		1,574,276	1,553,107
		-------------	-------------
Total assets less current liabilities		32,524,646	32,503,477

Creditors: amounts falling due after more than one year
Bank loans and overdrafts	28,844,714	28,910,324
Amounts owed to group undertakings	3,104,009	3,171,689
	-------------	-------------
	31,948,723	32,082,013
	-------------	-------------
Net assets	575,923	421,464
	-------------	-------------

Capital and reserves

Called up share capital	7	100	100
Revaluation reserve	8	2,845,000	2,845,000
Profit and loss account	8	( 2,269,177)	( 2,423,636)
		------------	------------
Shareholder funds		575,923	421,464
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 24 September 2026 , and are signed on behalf of the board by:

Mr Sinesh Shah
Director

Company registration number: 14155699

Aurus (HAT) Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Wenlock Road, London, England, N1 7GU, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

These financial statements were prepared in the going concern basis, which assumes the Company's ability to settle liabilities as they fall due 12 months from the dates of these financial were signed. The Company has net assets at the year end of £575,923 (2024: £421,464). The director is of the opinion that the Company will be able to meet it working capital obligation due to agreed rental contracts and that the Company will have resources to continue in operational existence for the foreseeable future, that is at least 12 months from the date of approval of these financial statements. For the reason, the director continue to adopt the going concern basis in preparing the financial statements. The director prepares financial forecasts based on an understanding of the commercial environment and the rental contracts in place. It is projected that the Company will continue to meet obligations as they fall due, and that the Company will have resources to continue in operational existence for the foreseeable future that is at least 12 months form the date of approvals of these financial statements. For this reason, the director to adopt the going concern basis in preparing the financial statement.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods

Revenue recognition

Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, valued added tax and other sales taxes. Rental income from operating leases is recognised on a straight line basis over the term of the lease. Where a rent free period is included in lease, the rental income forgone is allocated evenly over the term of the lease.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Long leasehold property
	£
Cost
At 1 July 2024 and 30 June 2025	30,950,370
	-------------
Carrying amount
At 30 June 2025	30,950,370
	-------------
At 30 June 2024	30,950,370
	-------------

5. Debtors

	2025	2024
	£	£
Trade debtors	–	179,833
Other debtors	335,671	403,671
	---------	---------
	335,671	583,504
	---------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	19,680
Amounts owed to group undertakings	–	52,000
Accruals and deferred income	160,764	550,229
Other creditors	–	32,215
	---------	---------
	160,764	654,124
	---------	---------

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

8. Reserves

Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account - This reserve records retained earnings and accumulated losses.

9. Summary audit opinion

The auditor's report dated 24 September 2026 was unqualified .

The senior statutory auditor was Stewart Jell , for and on behalf of Moore Kingston Smith LLP .

10. Related party transactions

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. During the year, the company paid asset management fees to Aurus Corporate Services, a company where Sinesh Shah is a director, of £24,000 (2024: £23,000), with an amount of £nil (2024: £nil) included within creditors At year end, the company owed a loan to Aurus Properties Holding 1, a company where Sinesh Shah is a director, of £3,215,257 (2024: £3,578,564), with an amount of £100,000 (2024: £nil) included within creditors

11. Controlling party

The Company is owned 100% by Aurus Properties Holdings 1 . The ultimate controlling party is considered to be Mr Michael Henry O' Sullivan (Up to 16 July 2025) - Ms Barbara Joy Jacobs (from 17 July 2025 to 28 Oct 2025) - Carnegie Group Limited (Jersey, from 29 Oct 2025 to date)