ARAMECH PROPERTY SOURCING LTD

ARAMECH PROPERTY SOURCING LTD - Company Information

2021-11-012022-10-312022-10-31false11023657ARAMECH PROPERTY SOURCING LTD2023-07-2568310iso4217:GBPxbrli:pure110236572021-11-01110236572022-10-31110236572021-11-012022-10-31110236572020-11-01110236572021-10-31110236572020-11-012021-10-3111023657bus:SmallEntities2021-11-012022-10-3111023657bus:AuditExempt-NoAccountantsReport2021-11-012022-10-3111023657bus:FullAccounts2021-11-012022-10-3111023657bus:PrivateLimitedCompanyLtd2021-11-012022-10-3111023657core:WithinOneYear2022-10-3111023657core:AfterOneYear2022-10-3111023657core:WithinOneYear2021-10-3111023657core:AfterOneYear2021-10-3111023657core:ShareCapital2022-10-3111023657core:SharePremium2022-10-3111023657core:RevaluationReserve2022-10-3111023657core:OtherReservesSubtotal2022-10-3111023657core:RetainedEarningsAccumulatedLosses2022-10-3111023657core:ShareCapital2021-10-3111023657core:SharePremium2021-10-3111023657core:RevaluationReserve2021-10-3111023657core:OtherReservesSubtotal2021-10-3111023657core:RetainedEarningsAccumulatedLosses2021-10-3111023657core:LandBuildings2022-10-3111023657core:PlantMachinery2022-10-3111023657core:Vehicles2022-10-3111023657core:FurnitureFittings2022-10-3111023657core:OfficeEquipment2022-10-3111023657core:NetGoodwill2022-10-3111023657core:IntangibleAssetsOtherThanGoodwill2022-10-3111023657core:ListedExchangeTraded2022-10-3111023657core:UnlistedNon-exchangeTraded2022-10-3111023657core:LandBuildings2021-10-3111023657core:PlantMachinery2021-10-3111023657core:Vehicles2021-10-3111023657core:FurnitureFittings2021-10-3111023657core:OfficeEquipment2021-10-3111023657core:NetGoodwill2021-10-3111023657core:IntangibleAssetsOtherThanGoodwill2021-10-3111023657core:ListedExchangeTraded2021-10-3111023657core:UnlistedNon-exchangeTraded2021-10-3111023657core:LandBuildings2021-11-012022-10-3111023657core:PlantMachinery2021-11-012022-10-3111023657core:Vehicles2021-11-012022-10-3111023657core:FurnitureFittings2021-11-012022-10-3111023657core:OfficeEquipment2021-11-012022-10-3111023657core:NetGoodwill2021-11-012022-10-3111023657core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3111023657core:ListedExchangeTraded2021-11-012022-10-3111023657core:UnlistedNon-exchangeTraded2021-11-012022-10-3111023657core:MoreThanFiveYears2021-11-012022-10-3111023657core:Non-currentFinancialInstruments2022-10-3111023657core:Non-currentFinancialInstruments2021-10-3111023657dpl:CostSales2021-11-012022-10-3111023657dpl:DistributionCosts2021-11-012022-10-3111023657dpl:AdministrativeExpenses2021-11-012022-10-3111023657core:LandBuildings2021-11-012022-10-3111023657core:PlantMachinery2021-11-012022-10-3111023657core:Vehicles2021-11-012022-10-3111023657core:FurnitureFittings2021-11-012022-10-3111023657core:OfficeEquipment2021-11-012022-10-3111023657core:NetGoodwill2021-11-012022-10-3111023657core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3111023657dpl:GroupUndertakings2021-11-012022-10-3111023657dpl:ParticipatingInterests2021-11-012022-10-3111023657dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3111023657core:ListedExchangeTraded2021-11-012022-10-3111023657dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3111023657core:UnlistedNon-exchangeTraded2021-11-012022-10-3111023657dpl:CostSales2020-11-012021-10-3111023657dpl:DistributionCosts2020-11-012021-10-3111023657dpl:AdministrativeExpenses2020-11-012021-10-3111023657core:LandBuildings2020-11-012021-10-3111023657core:PlantMachinery2020-11-012021-10-3111023657core:Vehicles2020-11-012021-10-3111023657core:FurnitureFittings2020-11-012021-10-3111023657core:OfficeEquipment2020-11-012021-10-3111023657core:NetGoodwill2020-11-012021-10-3111023657core:IntangibleAssetsOtherThanGoodwill2020-11-012021-10-3111023657dpl:GroupUndertakings2020-11-012021-10-3111023657dpl:ParticipatingInterests2020-11-012021-10-3111023657dpl:GroupUndertakingscore:ListedExchangeTraded2020-11-012021-10-3111023657core:ListedExchangeTraded2020-11-012021-10-3111023657dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-11-012021-10-3111023657core:UnlistedNon-exchangeTraded2020-11-012021-10-3111023657core:NetGoodwill2022-10-3111023657core:IntangibleAssetsOtherThanGoodwill2022-10-3111023657core:LandBuildings2022-10-3111023657core:PlantMachinery2022-10-3111023657core:Vehicles2022-10-3111023657core:FurnitureFittings2022-10-3111023657core:OfficeEquipment2022-10-3111023657core:AfterOneYear2022-10-3111023657core:WithinOneYear2022-10-3111023657core:ListedExchangeTraded2022-10-3111023657core:UnlistedNon-exchangeTraded2022-10-3111023657core:ShareCapital2022-10-3111023657core:SharePremium2022-10-3111023657core:RevaluationReserve2022-10-3111023657core:OtherReservesSubtotal2022-10-3111023657core:RetainedEarningsAccumulatedLosses2022-10-3111023657core:NetGoodwill2021-10-3111023657core:IntangibleAssetsOtherThanGoodwill2021-10-3111023657core:LandBuildings2021-10-3111023657core:PlantMachinery2021-10-3111023657core:Vehicles2021-10-3111023657core:FurnitureFittings2021-10-3111023657core:OfficeEquipment2021-10-3111023657core:AfterOneYear2021-10-3111023657core:WithinOneYear2021-10-3111023657core:ListedExc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Registered Number
11023657
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2022

ARAMECH PROPERTY SOURCING LTD

Company Information
for the year from 1 November 2021 to 31 October 2022


Director	JACKSON, Daniel Ian


Registered Address	35 Pond Street
	London
	NW3 2PN


Registered Number	11023657 (England and Wales)

ARAMECH PROPERTY SOURCING LTD

Statement of Financial Position
31 October 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	6		1,760		4,910
Investment property	7		746,909		746,909
			748,669		751,819
Current assets
Debtors	8	77,517		78,952
Cash at bank and on hand		22,358		20,958
		99,875		99,910
Creditors amounts falling due within one year	9	(11,121)		(5,646)
Net current assets (liabilities)			88,754		94,264
Total assets less current liabilities			837,423		846,083
Creditors amounts falling due after one year	10		(864,404)		(859,698)
Net assets			(26,981)		(13,615)
Capital and reserves
Called up share capital			2		2
Profit and loss account			(26,983)		(13,617)
Shareholders' funds			(26,981)		(13,615)

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 25 July 2023, and are signed on its behalf by:

JACKSON, Daniel Ian
Director
Registered Company No. 11023657

ARAMECH PROPERTY SOURCING LTD

Notes to the Financial Statements
for the year ended 31 October 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Basis of measurement used in financial statements
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

4.	Accounting policies

	Property, plant and equipment policy
	Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Property, plant and equipment policy

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised
in profit or loss.

	Investment property policy
	Investment properties are properties held to earn rentals or for capital appreciation, or both, and are accounted for using the fair value model. Investment properties are revalued annually with resulting gains and losses recognised in profit or loss. These are included in the statement of financial position at their fair values.

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Going concern
	The financial statements have been prepared assuming the company will contiune as a going concern. At the year end, the company had net liabilities of £23,053 and loss before taxation of £9,038. However, the directors consider that the company has adequate resources available in order to continue in operational existence for the foreseeable future based on the continuing support from its shareholders. The financial statements do not include the adjustments that would result if the company would be unable to continue in operation.

Going concern

The financial statements have been prepared assuming the company will contiune as a going concern.

At the year end, the company had net liabilities of £23,053 and loss before taxation of £9,038. However, the directors consider that the company has adequate resources available in order to continue in operational existence for the foreseeable future based on the continuing support from its shareholders.

The financial statements do not include the adjustments that would result if the company would be unable to continue in operation.

5.	Employee information


		2022		2021
	Average number of employees during the year	0		0

6.	Property, plant and equipment

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 November 21	4,910	-	4,910
Additions	-	2,200	2,200
Disposals	(4,910)	-	(4,910)
At 31 October 22	-	2,200	2,200
Depreciation and impairment
Charge for year	-	440	440
At 31 October 22	-	440	440
Net book value
At 31 October 22	-	1,760	1,760
At 31 October 21	4,910	-	4,910

7.	Investment property


		£
	Fair value at 01 November 21	746,909
	At 31 October 22	746,909

8.	Debtors

	2022	2021
	£	£
Other debtors	-	1,972
Prepayments and accrued income	2,017	1,480
Amounts owed by group undertakings (Non-current)	75,500	75,500
Total	77,517	78,952


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

9.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	3,135	5,639
Taxation and social security	1,674	-
Other creditors	208	7
Accrued liabilities and deferred income	6,104	-
Total	11,121	5,646


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Creditors after one year

	2022	2021
	£	£
Amounts owed to related parties	846,397	859,698
Other creditors	18,007	-
Total	864,404	859,698