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REGISTERED NUMBER: 04839219 (England and Wales)















Financial Statements for the Year Ended 31 July 2017

for

Aaron Homes Limited

Aaron Homes Limited (Registered number: 04839219)






Contents of the Financial Statements
for the Year Ended 31 July 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 5


Aaron Homes Limited

Company Information
for the Year Ended 31 July 2017







DIRECTOR: S J Ledwidge





SECRETARY: Mrs S A Ledwidge





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 04839219 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

Aaron Homes Limited (Registered number: 04839219)

Abridged Balance Sheet
31 July 2017

31.7.17 31.7.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,195 942
Investments 6 100 -
1,295 942

CURRENT ASSETS
Stocks 2,640,667 1,884,325
Debtors 10,247 15,167
Cash at bank 18,744 68,259
2,669,658 1,967,751
CREDITORS
Amounts falling due within one year 378,697 285,380
NET CURRENT ASSETS 2,290,961 1,682,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,292,256

1,683,313

CREDITORS
Amounts falling due after more than one
year

7

(2,269,720

)

(1,643,449

)

PROVISIONS FOR LIABILITIES (227 ) -
NET ASSETS 22,309 39,864

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 10 22,009 39,564
SHAREHOLDERS' FUNDS 22,309 39,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Aaron Homes Limited (Registered number: 04839219)

Abridged Balance Sheet - continued
31 July 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

Aaron Homes Limited (Registered number: 04839219)

Abridged Balance Sheet - continued
31 July 2017



The financial statements were approved by the director on 5 March 2018 and were signed by:





S J Ledwidge - Director


Aaron Homes Limited (Registered number: 04839219)

Notes to the Financial Statements
for the Year Ended 31 July 2017

1. STATUTORY INFORMATION

Aaron Homes Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.


Aaron Homes Limited (Registered number: 04839219)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2017

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2016
and 31 July 2017 35,000
AMORTISATION
At 1 August 2016
and 31 July 2017 35,000
NET BOOK VALUE

At 31 July 2017 -
At 31 July 2016 -

Aaron Homes Limited (Registered number: 04839219)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2017

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2016 13,719
Additions 650
At 31 July 2017 14,369
DEPRECIATION
At 1 August 2016 12,777
Charge for year 397
At 31 July 2017 13,174
NET BOOK VALUE
At 31 July 2017 1,195
At 31 July 2016 942

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 100
At 31 July 2017 100
NET BOOK VALUE
At 31 July 2017 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Aaron Homes Lettings Limited
Registered office: Belfry House, Bell Lane, Hertford SG14 1BP
Nature of business: Property Letting
%
Class of shares: holding
Ordinary 100.00
31.7.17
£   
Aggregate capital and reserves 100

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.7.17 31.7.16
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,269,720 1,643,449

Aaron Homes Limited (Registered number: 04839219)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2017

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.17 31.7.16
£    £   
Bank loans 2,269,720 1,643,449

The bank loan is secured by way of a charge over the property known as 57a Cowper Road, Harpenden,
Hertfordshire by way of fixed charge the benefits of all covenants and rights concerning the property and plant
machinery, fixtures fittings, furniture equipment, implements and utensils, the goodwill of any business carried
on at the property and the proceeds of any insurance affecting the property or assets.

9. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 31.7.17 31.7.16
value: £    £   
100 Ordinary £1 100 100
100 'A' shares £1 100 100
100 'B' shares £1 100 100
300 300

10. RESERVES
Retained
earnings
£   

At 1 August 2016 39,564
Deficit for the year (2,555 )
Dividends (15,000 )
At 31 July 2017 22,009

11. RELATED PARTY DISCLOSURES

S J Ledwidge and S A Ledwidge are related parties to the company. The company distributed dividends of
£15,000 (2016, £60,000) to the shareholders for the year. The balance due to the director at the year end was
£324,515 (2016, £278,595).

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S J Ledwidge.