Company Registration No. 06166942 (England and Wales)
AKTIMON LIMITED
Unaudited accounts
for the year ended 31 March 2023
AKTIMON LIMITED
Unaudited accounts
Contents
AKTIMON LIMITED
Company Information
for the year ended 31 March 2023
Directors
DR AKIN OLUWATUDIMU
MRS TITILAYO OLUWATUDIMU
Company Number
06166942 (England and Wales)
Registered Office
114 MARYS MEAD
HAZLEMERE
HP15 7DY
ENGLAND
Accountants
TITUS ABAYOMI ASSOCIATES
12 ASHLEIGH DRIVE
SHEFFIELD
SOUTH YORKSHIRE
S12 2SA
AKTIMON LIMITED
Accountants' report
Accountants' report to the board of directors of AKTIMON LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
AKTIMON LIMITED for the year ended
31 March 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of AKTIMON LIMITED, as a body, in accordance with the terms of our engagement letter dated 1 April 2020. Our work has been undertaken solely to prepare for your approval the accounts of AKTIMON LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AKTIMON LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that AKTIMON LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AKTIMON LIMITED. You consider that AKTIMON LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of AKTIMON LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TITUS ABAYOMI ASSOCIATES
12 ASHLEIGH DRIVE
SHEFFIELD
SOUTH YORKSHIRE
S12 2SA
21 November 2023
AKTIMON LIMITED
Statement of financial position
as at 31 March 2023
Investment property
988,000
667,866
Cash at bank and in hand
21,491
21,036
Creditors: amounts falling due within one year
(1,063)
(1,063)
Net current assets
20,428
19,973
Total assets less current liabilities
1,008,428
687,839
Creditors: amounts falling due after more than one year
(410,850)
(143,117)
Net assets
597,578
544,722
Called up share capital
4
4
Capital contribution reserve
679,463
626,607
Profit and loss account
(81,889)
(81,889)
Shareholders' funds
597,578
544,722
For the year ending 31 March 2023 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 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 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 of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by
DR AKIN OLUWATUDIMU
Director
Company Registration No. 06166942
AKTIMON LIMITED
Notes to the Accounts
for the year ended 31 March 2023
AKTIMON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06166942. The registered office is 114 MARYS MEAD , HAZLEMERE, HP15 7DY, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Fair value at 1 April 2022
667,866
Net gain from fair value adjustments
320,134
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,063
1,063
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
410,850
222,946
Trade creditors
-
(79,829)
The Mortgage Works £226946
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
AKTIMON LIMITED
Notes to the Accounts
for the year ended 31 March 2023
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).