Company registration number 10037672 (England and Wales)
AVERY ROW CAPITAL SERVICES (UK) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
AVERY ROW CAPITAL SERVICES (UK) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
AVERY ROW CAPITAL SERVICES (UK) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
95,000
95,000
Current assets
Debtors
4
68,956
70,956
Cash at bank and in hand
3,832
2,111
72,788
73,067
Creditors: amounts falling due within one year
5
(175,000)
(175,000)
Net current liabilities
(102,212)
(101,933)
Net liabilities
(7,212)
(6,933)
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
(7,213)
(6,934)
Total equity
(7,212)
(6,933)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 July 2023
Mr P Patel
Director
Company Registration No. 10037672
AVERY ROW CAPITAL SERVICES (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Avery Row Capital Services (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, thetrue director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company only has financial instruments which are classified as basic financial instruments.

 

Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Director
1
1
AVERY ROW CAPITAL SERVICES (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
95,000
95,000
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
68,956
70,956
5
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
175,000
175,000
6
Called up share capital
2023
2022
Ordinary share capital
£
£
Issued and fully paid
1 Ordinary share of £1 each
1
1
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Jonathan Healey FCA
Statutory Auditor:
Lindeyer Francis Ferguson Limited
8
Related party transactions

At the year end, the company was owed £68,956 (2022 - £70,956) by Avery Row Capital Partners LLP, it's subsidiary.

 

At the year end, the company owed £175,000 (2022 - £Nil) to Avery Row Capital GP Limited and £Nil (2022 - £175,000) to Mr P Patel.

9
Parent company

The company is controlled by Mr P Patel by virtue of his ownership of the company's entire share capital.

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