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Company Registration No. 09725945 (England and Wales)
Aylim Capital Ltd Unaudited accounts for the year ended 29 August 2023
Aylim Capital Ltd Unaudited accounts Contents
Page
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Aylim Capital Ltd Company Information for the year ended 29 August 2023
Director
Mr Amine Taleb
Company Number
09725945 (England and Wales)
Registered Office
BERKELEY SQUARE HOUSE BERKELEY SQAURE MAYFAIR LONDON W1G 6BD ENGLAND
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Aylim Capital Ltd Statement of financial position as at 29 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,477 
41,477 
Current assets
Debtors
41,628 
41,628 
Creditors: amounts falling due within one year
(42,814)
(42,814)
Net current liabilities
(1,186)
(1,186)
Net assets
40,291 
40,291 
Capital and reserves
Called up share capital
1,020,000 
1,020,000 
Profit and loss account
(979,709)
(979,709)
Shareholders' funds
40,291 
40,291 
For the year ending 29 August 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 12 February 2024 and were signed on its behalf by
Mr Amine Taleb Director Company Registration No. 09725945
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Aylim Capital Ltd Notes to the Accounts for the year ended 29 August 2023
1
Statutory information
Aylim Capital Ltd is a private company, limited by shares, registered in England and Wales, registration number 09725945. The registered office is BERKELEY SQUARE HOUSE BERKELEY SQAURE, MAYFAIR, LONDON, W1G 6BD, 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
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance method
Computer equipment
10% on reducing balance method
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
Going concern
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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Aylim Capital Ltd Notes to the Accounts for the year ended 29 August 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 30 August 2022
795 
70,624 
71,419 
At 29 August 2023
795 
70,624 
71,419 
Depreciation
At 30 August 2022
521 
29,421 
29,942 
At 29 August 2023
521 
29,421 
29,942 
Net book value
At 29 August 2023
274 
41,203 
41,477 
At 29 August 2022
274 
41,203 
41,477 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
268 
268 
Other debtors
41,360 
41,360 
41,628 
41,628 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
15 
15 
Trade creditors
697 
697 
Loans from directors
41,942 
41,942 
Accruals
160 
160 
42,814 
42,814 
7
Transactions with related parties
Aylim Capital Investments Ltd and the company director is identified as related parties. During the year, the company made payments of Nil (2022 - £2,720) on behalf of Aylim Capital Investments Ltd. At the year-end £41,360 (2022 : £41,360) was outstanding and included within other debtors. As at the year-end £41,942 (2022 : £41,942) was owed to the director and included within creditors.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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