2022-07-012023-06-302023-06-30false11087759AETREUM ASSET MANAGEMENT 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AETREUM ASSET MANAGEMENT LIMITED

Registered Number
11087759
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

AETREUM ASSET MANAGEMENT LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

HARFORD, William Patrick
SAUL, Adam James

Registered Address

Unit 217 Harbour Yard
Chelsea Harbour
London
SW10 0XD

Registered Number

11087759 (England and Wales)
AETREUM ASSET MANAGEMENT LIMITED
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments5852,0461,904,679
852,0461,904,679
Current assets
Debtors4,176,0802,523,063
Cash at bank and on hand5,0471,213
4,181,1272,524,276
Creditors amounts falling due within one year(5,552,783)(2,899,234)
Net current assets (liabilities)(1,371,656)(374,958)
Total assets less current liabilities(519,610)1,529,721
Creditors amounts falling due after one year-(1,528,816)
Provisions for liabilities-(8,648)
Net assets(519,610)(7,743)
Capital and reserves
Profit and loss account(519,610)(7,743)
Shareholders' funds(519,610)(7,743)
The financial statements were approved and authorised for issue by the Board of Directors on 4 March 2024, and are signed on its behalf by:
HARFORD, William Patrick
Director
Registered Company No. 11087759
AETREUM ASSET MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax policy
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. 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. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
4.Employee information

20232022
Average number of employees during the year00
5.Fixed asset investments

Total

£
Cost or valuation
At 01 July 221,904,679
Additions851,946
Disposals(1,904,579)
At 30 June 23852,046
Net book value
At 30 June 23852,046
At 30 June 221,904,679