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REGISTERED NUMBER: 14041466 (England and Wales)











Financial Statements

for the Period

12 April 2022 to 31 July 2023

for

ANGEL INVESTMENT GROUP LTD

ANGEL INVESTMENT GROUP LTD (REGISTERED NUMBER: 14041466)






Contents of the Financial Statements
for the Period 12 April 2022 to 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANGEL INVESTMENT GROUP LTD

Company Information
for the Period 12 April 2022 to 31 July 2023







DIRECTOR: Mr L J T Angel





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 14041466 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

ANGEL INVESTMENT GROUP LTD (REGISTERED NUMBER: 14041466)

Balance Sheet
31 July 2023

Notes £    £   
FIXED ASSETS
Investments 4 15,145
Investment property 5 241,032
256,177

CURRENT ASSETS
Debtors 6 158,569
Cash at bank 856
159,425
CREDITORS
Amounts falling due within one year 7 443,485
NET CURRENT LIABILITIES (284,060 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,883

)

CAPITAL AND RESERVES
Called up share capital 9 1
Retained earnings (27,884 )
SHAREHOLDERS' FUNDS (27,883 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 7 April 2024 and were signed by:





Mr L J T Angel - Director


ANGEL INVESTMENT GROUP LTD (REGISTERED NUMBER: 14041466)

Notes to the Financial Statements
for the Period 12 April 2022 to 31 July 2023

1. STATUTORY INFORMATION

Angel Investment Group Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
Additions 15,145
At 31 July 2023 15,145
NET BOOK VALUE
At 31 July 2023 15,145

ANGEL INVESTMENT GROUP LTD (REGISTERED NUMBER: 14041466)

Notes to the Financial Statements - continued
for the Period 12 April 2022 to 31 July 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 241,032
At 31 July 2023 241,032
NET BOOK VALUE
At 31 July 2023 241,032

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 150,000
Prepayments and accrued income 8,569
158,569

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans (see note 8) 142,500
Amounts owed to group undertakings 173,094
Directors' current accounts 127,051
Accruals and deferred income 840
443,485

8. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due within one year or on demand:
Other loans 142,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

The following shares were issued during the period for cash at par :

1 Ordinary share of £1

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £127,051, due and payable to the director. The amount is interest free and repayable on demand.

As att the balance sheet date, included in creditors due within one year is £173,094 due to Globepack Equipment Limited. The companies are related parties by virtue of the fact that they are under common control.