Registered number
07300332
Ainsworth Capital Limited
Unaudited Filleted Accounts
30 June 2023
Ainsworth Capital Limited
Registered number: 07300332
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 233 466
Investments 4 280,359 280,359
280,592 280,825
Current assets
Debtors 5 - 559
Investments held as current assets 6 204,535 158,992
Cash at bank and in hand 1,311 2,821
205,846 162,372
Creditors: amounts falling due within one year 7 (24,045) (14,136)
Net current assets 181,801 148,236
Total assets less current liabilities 462,393 429,061
Creditors: amounts falling due after more than one year 8 (18,971) (28,651)
Provisions for liabilities (5,364) (5,409)
Net assets 438,058 395,001
Capital and reserves
Called up share capital 2 2
Profit and loss account 438,056 394,999
Shareholder's funds 438,058 395,001
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J. Ainsworth
Director
Approved by the board on 2 February 2024
Ainsworth Capital Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover and rental income is measured at the fair value of the consideration received or receivable, net of discounts .
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Investments
Unlisted investments are measured at fair value and any change in fair value is included in the profit and loss account.
Investment properties are initially recognised at cost and are periodically revalued by the director.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price)
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 2,737
At 30 June 2023 2,737
Depreciation
At 1 July 2022 2,271
Charge for the year 233
At 30 June 2023 2,504
Net book value
At 30 June 2023 233
At 30 June 2022 466
4 Investments
Other
investments
£
Cost
At 1 July 2022 280,359
At 30 June 2023 280,359
Historical cost
At 1 July 2022 252,359
At 30 June 2023 252,359
The director has reviewed the value of the investment property and determined that there is no change in value.
5 Debtors 2023 2022
£ £
Other debtors - 559
6 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 204,535 158,992
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments 45,539 (5,022)
Unlisted current asset investments are revalued at fair value each year.
7 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,660 9,527
Taxation and social security costs 9,718 -
Other creditors 4,667 4,609
24,045 14,136
8 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 18,971 28,651
9 Controlling party
The company is owned and controlled by the director.
10 Other information
Ainsworth Capital Limited is a private company limited by shares and incorporated in England. Its registered office is:
22 The Chase
Reigate
RH2 7DH
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