Company Registration No. 09157995 (England and Wales)
Worth Capital Limited
Unaudited accounts
for the year ended 31 August 2023
Worth Capital Limited
Unaudited accounts
Contents
Worth Capital Limited
Company Information
for the year ended 31 August 2023
Directors
Matthew Cushen
Paul Ephremsen
Paul Soanes
Company Number
09157995 (England and Wales)
Registered Office
71-75 SHELTON STREET
LONDON
GREATER LONDON
WC2H 9JQ
UNITED KINGDOM
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Worth Capital Limited
Statement of financial position
as at 31 August 2023
Tangible assets
1,305
2,838
Investments
794,713
1,034,941
Cash at bank and in hand
140,031
31,609
Creditors: amounts falling due within one year
(374,183)
(452,571)
Net current liabilities
(223,044)
(415,543)
Total assets less current liabilities
572,974
622,236
Creditors: amounts falling due after more than one year
(17,381)
(27,369)
Provisions for liabilities
Net assets
555,345
594,328
Called up share capital
1,795
1,795
Share premium
1,217,114
1,217,114
Profit and loss account
(663,564)
(624,581)
Shareholders' funds
555,345
594,328
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 1 May 2024 and were signed on its behalf by
Matthew Cushen
Director
Company Registration No. 09157995
Worth Capital Limited
Notes to the Accounts
for the year ended 31 August 2023
Worth Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 09157995. The registered office is 71-75 SHELTON STREET, LONDON, GREATER LONDON, WC2H 9JQ, UNITED KINGDOM.
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.
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:
Computer equipment
25% Straight Line
4
Tangible fixed assets
Computer equipment
At 1 September 2022
63,958
At 1 September 2022
61,120
Worth Capital Limited
Notes to the Accounts
for the year ended 31 August 2023
5
Investments
Other investments
Valuation at 1 September 2022
1,034,941
Fair value adjustments
(296,419)
Valuation at 31 August 2023
794,713
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,142
10,144
Taxes and social security
80
6,089
Loans from directors
-
436,338
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).