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Company Registration No. 13021716 (England and Wales)
A&I Capital Ventures Ltd Unaudited accounts for the year ended 30 November 2022
A&I Capital Ventures Ltd Unaudited accounts Contents
Page
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A&I Capital Ventures Ltd Company Information for the year ended 30 November 2022
Director
Mr A Faig
Company Number
13021716 (England and Wales)
Registered Office
45 Stamford Hill London N16 5SR England
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A&I Capital Ventures Ltd Statement of financial position as at 30 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investment property
2,966,042 
2,966,042 
Current assets
Debtors
1,315,727 
44,716 
Cash at bank and in hand
20,988 
- 
1,336,715 
44,716 
Creditors: amounts falling due within one year
(232,673)
(939,322)
Net current assets/(liabilities)
1,104,042 
(894,606)
Total assets less current liabilities
4,070,084 
2,071,436 
Creditors: amounts falling due after more than one year
(3,755,000)
(1,755,000)
Net assets
315,084 
316,436 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
314,984 
316,336 
Shareholders' funds
315,084 
316,436 
For the year ending 30 November 2022 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 November 2023 and were signed on its behalf by
Mr A Faig Director Company Registration No. 13021716
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A&I Capital Ventures Ltd Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
A&I Capital Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 13021716. The registered office is 45 Stamford Hill, London, N16 5SR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 November 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 15 November 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2022 
£ 
Fair value at 1 December 2021
2,966,042 
At 30 November 2022
2,966,042 
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A&I Capital Ventures Ltd Notes to the Accounts for the year ended 30 November 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
1,315,727 
44,716 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
- 
33,623 
Trade creditors
2,404 
- 
Taxes and social security
78,733 
74,202 
Other creditors
151,536 
831,497 
232,673 
939,322 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
3,755,000 
1,755,000 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
Other Debtors includes amount agregating £1,285,473 (2021: £0) due from companies with a director in common with this company.
10
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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