Company registration number 05297095 (England and Wales)
AMERY CAPITAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
AMERY CAPITAL LIMITED
COMPANY INFORMATION
Directors
M Helfgott
D Jaffe
Secretary
D Jaffe
Company number
05297095
Registered office
Block B, Imperial Works
Perren Street
London
NW5 3ED
Accountants
Grunberg & Co Limited
5 Technology Park
Colindeep Lane
Colindale
London
United Kingdom
NW9 6BX
AMERY CAPITAL LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
AMERY CAPITAL LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,702
4,258
Investments
4
271,349
10,000
275,051
14,258
Current assets
Debtors
5
109,949
247,514
Cash at bank and in hand
38,455
50,461
148,404
297,975
Creditors: amounts falling due within one year
6
(51,218)
(148,805)
Net current assets
97,186
149,170
Total assets less current liabilities
372,237
163,428
Creditors: amounts falling due after more than one year
7
(300,000)
-
0
Net assets
72,237
163,428
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
72,235
163,426
Total equity
72,237
163,428

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

AMERY CAPITAL LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 NOVEMBER 2023
30 November 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 14 August 2024 and are signed on its behalf by:
M Helfgott
Director
Company registration number 05297095 (England and Wales)
AMERY CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Accounting policies
Company information

Amery Capital Limited is a private company limited by shares incorporated in England and Wales. The registered office is Block B, Imperial Works, Perren Street, London, NW5 3ED.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced sales of services, excluding value added tax and is recognised at the point of delivery of the service.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% Straight line
Computers
25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Investments in unlisted company shares whose market value can be reliably determined are measured at fair value at each reporting date. Changes in fair value are recognised in the income statement for the period. Where fair value cannot be reliably determined , such investments are held at historic cost less impairment.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

AMERY CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

AMERY CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 December 2022
2,495
19,610
22,105
Additions
-
0
1,833
1,833
Disposals
(1,178)
(15,211)
(16,389)
At 30 November 2023
1,317
6,232
7,549
Depreciation and impairment
At 1 December 2022
1,755
16,092
17,847
Depreciation charged in the year
330
2,059
2,389
Eliminated in respect of disposals
(1,178)
(15,211)
(16,389)
At 30 November 2023
907
2,940
3,847
Carrying amount
At 30 November 2023
410
3,292
3,702
At 30 November 2022
740
3,518
4,258
4
Fixed asset investments
2023
2022
£
£
Other investments other than loans
271,349
10,000
Fixed asset investments not carried at market value

Other investments are in relation to unlisted investments which have been measured at cost. The total income recognised on the investments in the period was £485 (2022 - £485).

AMERY CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
4
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 December 2022
10,000
Additions
261,349
At 30 November 2023
271,349
Carrying amount
At 30 November 2023
271,349
At 30 November 2022
10,000
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
109,497
241,482
Prepayments and accrued income
452
6,032
109,949
247,514
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
120
14
Taxation and social security
18,813
1,967
Other creditors
24,568
142,324
Accruals and deferred income
7,717
4,500
51,218
148,805
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
300,000
-
0

Included in other creditors, are amounts owed to the directors.

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