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REGISTERED NUMBER: 11481147 (England and Wales)












Financial Statements for the Year Ended 31 December 2023

for

Abdul Latif Jameel Investment
Advisory Services UK Limited

Abdul Latif Jameel Investment
Advisory Services UK Limited (Registered number: 11481147)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Abdul Latif Jameel Investment
Advisory Services UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S Kaul





SECRETARY: Hawksford Secretaries Jersey Limited





REGISTERED OFFICE: Ground Floor, 123 Pall Mall
London
SW1Y 5EA





REGISTERED NUMBER: 11481147 (England and Wales)





AUDITORS: Zenith Audit Ltd
Statutory Auditors
First floor
18 Devonshire Row
London
EC2M 4RH

Abdul Latif Jameel Investment
Advisory Services UK Limited (Registered number: 11481147)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes $    $   
FIXED ASSETS
Tangible assets 4 8,244 4,376

CURRENT ASSETS
Debtors 5 99,278 188,763
Cash at bank and in hand 678,575 394,020
777,853 582,783
CREDITORS
Amounts falling due within one year 6 (147,535 ) (71,374 )
NET CURRENT ASSETS 630,318 511,409
TOTAL ASSETS LESS CURRENT
LIABILITIES

638,562

515,785

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 638,560 515,783
638,562 515,785

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 April 2024 and were signed by:





S Kaul - Director


Abdul Latif Jameel Investment
Advisory Services UK Limited (Registered number: 11481147)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Abdul Latif Jameel Investment Advisory Services UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's functional and presentational currency is USD and rounded to the nearest $.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer Equipment - Straight line over 36 months
Lease hold Improvements - Straight line over 18 months

Tangible fixed assets are stated at cost less depreciation. Cost includes the purchase cost and all other costs necessary to bring them to their present location and condition

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into US Dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US Dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Abdul Latif Jameel Investment
Advisory Services UK Limited (Registered number: 11481147)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash in hand and cash held on demand with banks.

Going Concern
The company's ability to continue as a going concern is contingent on the ability of the shareholder of the company to continue providing financial support to the company. The shareholder has confirmed that their financial support will continue for at least 12 months from the date of approval of these financial statements. These accounts have therefore been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
$    $    $   
COST
At 1 January 2023 15,906 58,185 74,091
Additions - 7,196 7,196
At 31 December 2023 15,906 65,381 81,287
DEPRECIATION
At 1 January 2023 15,906 53,809 69,715
Charge for year - 3,328 3,328
At 31 December 2023 15,906 57,137 73,043
NET BOOK VALUE
At 31 December 2023 - 8,244 8,244
At 31 December 2022 - 4,376 4,376


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$    $   
Amount owed by related parties - 97,000
Other debtors 99,278 91,763
99,278 188,763

Abdul Latif Jameel Investment
Advisory Services UK Limited (Registered number: 11481147)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$    $   
Taxation and social security 34,139 36,063
Other creditors 113,396 35,311
147,535 71,374

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Filip Lyapov (Senior Statutory Auditor)
for and on behalf of Zenith Audit Ltd

8. RELATED PARTY DISCLOSURES

During the period, the company provided advisory services for $805,500 (2022:$1,092,000) to Menaxfundco Ltd, and $NIL (2022: $1,310,000) to ALJ Automotive Holding Company Ltd, $884,500 (2022: $523,000) to ALJ HCLS CL, all affiliated companies.

The balance due from Menaxfundco Ltd at the year end is $NIL (2022: $97,000).

9. AUDITOR LIABILITY LIMITATION AGREEMENT

An auditors' limitation of liability agreement has been approved by the members for the financial year ended 31 December 2023. The principal terms and conditions are as below:

- The agreement limits the amount of any liability owed to the Company by the auditors in respect of any negligence default, breach of duty or breach of trust, occurring in the course of audit of the Company's accounts and pursuant to this agreement the auditor may be guilty in relation to the Company.

- The agreement also stipulates the maximum aggregated amount payable in event of any of the circumstances stated above.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Mohammed Abdul Latif Jameel.

The immediate parent company is Abdul Latif Jameel Investment Management Services Company Ltd a company registered in Jersey, 15 Esplanade, St Helier, JE1 1RB.