Aureum Advisory Ltd

Mr R D de Laszlo Mrs L M A de Laszlo

10126370 (England and Wales)

Albany House Claremont Lane Esher Surrey KT10 9FQ

Wellden Turnbull Limited Albany House Claremont Lane Esher Surrey KT10 9FQ

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aureum Advisory Ltd for the year ended 30 April 2020 as set out on pages 5 - 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.

Wellden Turnbull Limited Chartered Accountants Albany House Claremont Lane Esher Surrey KT10 9FQ 26 June 2020

Tangible assets

8,413 

8,693 

Debtors

128,246 

410,320 

Cash at bank and in hand

605,885 

242,358 

(192,901)

(174,009)

Called up share capital

100 

100 

Profit and loss account

549,543 

487,262 

For the year ending 30 April 2020 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 financial statements were approved by the Board of Directors and authorised for issue on 26 June 2020 and were signed on its behalf by

Mr R D de Laszlo Director Company Registration No. 10126370

Aureum Advisory Ltd is a private company, limited by shares, registered in England and Wales, registration number 10126370. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ. The principal place of business is 5 Albany Courtyard, London, W1J 0HF.

The accounts have been prepared in accordance with the provisions of FRS102. There were no material departures from that standard.

Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Income and Retained Earnings within 'other operating income'.

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Fixtures & fittings

Computer equipment

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

At cost 

At cost 

At 1 May 2019

3,661 

13,599 

17,260 

Additions

2,950 

3,469 

6,419 

At 30 April 2020

At 1 May 2019

1,220 

7,347 

8,567 

Charge for the year

- 

6,699 

6,699 

At 30 April 2020

At 30 April 2020

At 30 April 2019

Accrued income and prepayments

122,232 

407,176 

Other debtors

6,014 

3,144 

Trade creditors

501 

9,221 

Taxes and social security

189,377 

161,302 

Other creditors

968 

1,046 

Accruals

2,055 

2,440 

Allotted, called up and fully paid:

76 A Ordinary shares of £1 each

76 

76 

24 B Ordinary shares of £1 each

24 

24 

At 30 April 2020 the company has total minimum future payment commitments under non-cancellable operating leases as follows:

Operating leases expiring:

Within one year

During the year the average number of employees was 4 (2019: 5).