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
Aylim Capital Ltd
Company Information
for the year ended 29 August 2023
Company Number
09725945 (England and Wales)
Registered Office
BERKELEY SQUARE HOUSE BERKELEY SQAURE
MAYFAIR
LONDON
W1G 6BD
ENGLAND
Aylim Capital Ltd
Statement of financial position
as at 29 August 2023
Tangible assets
41,477
41,477
Creditors: amounts falling due within one year
(42,814)
(42,814)
Net current liabilities
(1,186)
(1,186)
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
Aylim Capital Ltd
Notes to the Accounts
for the year ended 29 August 2023
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.
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 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
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.
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.
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.
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
At 30 August 2022
521
29,421
29,942
At 29 August 2023
521
29,421
29,942
At 29 August 2023
274
41,203
41,477
At 29 August 2022
274
41,203
41,477
Amounts falling due within one year
Other debtors
41,360
41,360
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
15
15
Loans from directors
41,942
41,942
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.
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Average number of employees
During the year the average number of employees was 0 (2022: 0).