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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
Page
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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
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Worth Capital Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,305 
2,838 
Investments
794,713 
1,034,941 
796,018 
1,037,779 
Current assets
Debtors
11,108 
5,419 
Cash at bank and in hand
140,031 
31,609 
151,139 
37,028 
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
Deferred tax
(248)
(539)
Net assets
555,345 
594,328 
Capital and reserves
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
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Worth Capital Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 September 2022
63,958 
At 31 August 2023
63,958 
Depreciation
At 1 September 2022
61,120 
Charge for the year
1,533 
At 31 August 2023
62,653 
Net book value
At 31 August 2023
1,305 
At 31 August 2022
2,838 
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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 
Additions
246,523 
Fair value adjustments
(296,419)
Disposals
(190,332)
Valuation at 31 August 2023
794,713 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,560 
3,536 
Other debtors
3,548 
1,883 
11,108 
5,419 
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 
Accruals
363,961 
- 
374,183 
452,571 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,381 
27,369 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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