Aurora First — organization overview
Organization and business
Aurora First, Inc. is a Delaware corporation incorporated on 7 June 2023. Its certificate authorizes common stock and identifies Nataliia Shagarina as the initial director; the available annual franchise-tax filing identifies her as CEO. processed/corporate-records/2023/2023_aurora-first-inc_certificate-of-incorporation.pdf processed/corporate-records/2024/2024_delaware-division-of-corporations_annual-franchise-tax-report.pdf
Available operating records indicate that the group sells subscriptions for the Aurora mobile application through Stripe, Apple App Store, Google Play, and Paddle. The Google Play reports name subscription offerings for the Aurora application, and the consolidated sales report includes those channels. processed/sales-reports/2025-03/2025-03_google-play_play-store-sales.csv processed/sales-reports/2025-06/2025-06_google-play_play-store-sales.csv processed/sales-reports/2025-12/2025-12_google-play_play-store-sales.csv processed/reports/2025/2025_aurora-first-inc_revenue-by-store.csv
A 2026 operating plan describes Aurora First Ltd as a UK subsidiary. This is an internal planning statement and has not been independently corroborated by UK corporate records in the current file set. processed/business-plans/2026-04/2026-04_aurora-first-inc_financial-operations-migration-plan.docx
Financial and operating pattern
The current record set includes bank activity for Mercury, Chase, and Anna Money; the plan identifies Mercury and Chase as US banking relationships and Anna Money as the UK account. The Anna Money transaction export currently contains headers only, so it does not provide transaction-level UK coverage. processed/bank-transactions/2025/2025_mercury_checking-transactions.csv processed/bank-transactions/2025-08/2025-08_anna-money_business-account-transactions.csv processed/business-plans/2026-04/2026-04_aurora-first-inc_financial-operations-migration-plan.docx
Recurring recorded inflows include Stripe transfers, Apple developer proceeds, and Paddle seller funds. Recorded outflows include contractor/payroll-related payments through Deel, cloud and AI services, advertising and marketing vendors, software subscriptions, travel, and professional services. Merchant identity alone is not sufficient to establish final accounting treatment. processed/bank-transactions/2025/2025_mercury_checking-transactions.csv
A 2025 accountant decision log provides provisional counterparty-level P&L and non-P&L grouping, with confidence and evidence notes. Its accompanying control note requires exact normalized-counterparty matching, preserves the underlying audit trail, and directs that unsupported, conflicting, or NO-BACKING classifications remain open rather than be inferred. This is workpaper-level guidance, not proof of tax treatment or a substitute for source-document support. processed/classification-controls/2025/2025_aurora-first-inc_transaction-classification-decision-log.csv processed/accounting-policies/2025/2025_aurora-first-inc_transaction-classification-control.md
The operating plan treats transfers to Aurora First Ltd as intercompany, not P&L expense. The Mercury data includes recurring payments to Aurora First Ltd, but the supporting agreement terms and effective date require confirmation before relying on this classification. processed/business-plans/2026-04/2026-04_aurora-first-inc_financial-operations-migration-plan.docx processed/contracts/2025-07/2025-07_aurora-first-ltd_intercompany-services-agreement.pdf processed/bank-transactions/2025/2025_mercury_checking-transactions.csv
Tax and compliance
A filed 2024 federal corporate return is on record. It reports gross receipts of $61,571, cost of goods sold of $534,425, other income of $955, total deductions of $370,594, and taxable income of negative $842,493. The return also shows a $902,584 net operating-loss carryforward. These are filed-return amounts, not a substitute for current-period management reporting. processed/tax-returns/2024/2024_irs_federal-tax-return.pdf
The current files include a 2025 Form 7004 electronic filing acknowledgement and extension form for the federal corporate return, filed by Timur Knyazev, CPA. The plan identifies Timur as the CPA responsible for tax compliance and highlights outstanding questions on filing format, Form 5471 support, R&D development costs, and UK reporting. processed/tax-forms/2025/2025_irs_form-7004-extension.pdf processed/business-plans/2026-04/2026-04_aurora-first-inc_financial-operations-migration-plan.docx
Accounting approach and open items
The documented target process is to use Jupid for bank synchronization and transaction categorization, then prepare management reporting and CPA-ready exports. The plan contemplates a cash-versus-accrual-basis decision with the CPA, including revenue timing for Apple and Paddle. Until confirmed, management reports should clearly state their accounting basis. processed/business-plans/2026-04/2026-04_aurora-first-inc_financial-operations-migration-plan.docx
Open items requiring owner or CPA confirmation:
- Whether the UK subsidiary, its bank account, and its reporting obligations are fully in scope and current.
- The terms and support for US-to-UK intercompany transfers, including any service fee or transfer-pricing approach.
- The accounting basis, revenue-recognition policy, and treatment of processor clearing and transfers.
- The complete documentation required for the 2025 federal filing and any Form 5471 reporting.
- Transaction-level support for material classifications in the 2025 decision log, particularly items marked
NO-BACKING, low confidence, or a conflict between the workpaper and current evidence.
Coverage and limitations
Reviewed coverage includes corporate records from 2023–2024, a 2024 federal return, a 2025 federal extension, selected 2025 sales and processor reports, transaction exports, a 2025 classification-control workpaper, and a 2026 operating plan. The workspace also holds numerous IRS forms and publications; these are reference materials rather than evidence of business activity. Current files do not establish a complete, reconciled general ledger, a current balance sheet, or comprehensive UK financial statements.