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Registered number: 09966967
Androfertility Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Paul Ng & Associates
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09966967
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 637,441 579,980
637,441 579,980
CURRENT ASSETS
Cash at bank and in hand 147,650 97,981
147,650 97,981
Creditors: Amounts Falling Due Within One Year 4 (2,111 ) (2,111 )
NET CURRENT ASSETS (LIABILITIES) 145,539 95,870
TOTAL ASSETS LESS CURRENT LIABILITIES 782,980 675,850
Creditors: Amounts Falling Due After More Than One Year 5 (508,015 ) (508,015 )
NET ASSETS 274,965 167,835
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 274,865 167,735
SHAREHOLDERS' FUNDS 274,965 167,835
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved and authorised for issue by the board of directors on 30 July 2024 and were signed on its behalf by:
Mr T L Yap
Director
30/07/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Androfertility Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09966967 . The registered office is c/o Paul Ng & Associates, 15 Halifax Way, Welwyn Garden City, Hertfordshire, AL7 2QH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Financial Instruments
The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets
Basic financial assets, including trade and other receivables, cash and bank balances and investments, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.
Trade investments
Trade investments are equity investments over which the Company has no significant influence, joint control or control and are initially measured at transaction price. Transaction price includes transaction costs, except where trade investments are measured at fair value through profit or loss when transaction costs are expensed to profit or loss as incurred.
Trade investments in non-convertible and non-puttable preference shares or non-puttable ordinary shares are measured at fair value through profit or loss.
The fair value of trade investments quoted on a recognised stock exchange is the quoted bid price. The fair value of unlisted investments is measured using valuation techniques which include turnover multiple, earnings multiple, net assets or discounted cash flows, as appropriate, based on the nature and circumstances of the investment.
Investments
Investments are initially measured at cost and subsequently measured at fair value whilst a reliable measure of fair value is available without undue cost or effort. Changes in fair value are recognised in profit or loss.
Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
2.3. Dividend income
Dividend income is accounted for as and when it is received.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,111 2,111
2,111 2,111
5. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 508,015 508,015
508,015 508,015
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6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
Mr T L Yap - Director and controlling party.
The amounts owed by the company to the related party at the balance sheet date totalled £509,286 (2023: £509,286). No terms have been laid down as to the payment of interest on this loan.
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr T L Yap by virtue of his ownership of 100% of the issued share capital in the company.
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