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Company Registration No. 08275820 (England and Wales)
HORIZON CAPITAL ASSETS LIMITED accounts for the year ended 31 March 2024
HORIZON CAPITAL ASSETS LIMITED accounts Contents
Page
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HORIZON CAPITAL ASSETS LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,323,400 
1,323,400 
Current assets
Debtors
9,500 
29,100 
Cash at bank and in hand
13,600 
30,334 
23,100 
59,434 
Creditors: amounts falling due within one year
(416,253)
(462,224)
Net current liabilities
(393,153)
(402,790)
Total assets less current liabilities
930,247 
920,610 
Creditors: amounts falling due after more than one year
(509,165)
(507,835)
Net assets
421,082 
412,775 
Capital and reserves
Called up share capital
1,000 
1,000 
Revaluation reserve
418,875 
418,875 
Profit and loss account
1,207 
(7,100)
Shareholders' funds
421,082 
412,775 
For the year ending 31 March 2024 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 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 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 and authorised for issue on 20 July 2024 and were signed on its behalf by
Sunil Kumar MALHOTRA Director Company Registration No. 08275820
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HORIZON CAPITAL ASSETS LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
HORIZON CAPITAL ASSETS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08275820. The registered office is 9 NEW FOREST LANE, CHIGWELL, IG7 5QN, UK.
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:
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,352,500 
At 31 March 2024
1,352,500 
Depreciation
At 1 April 2023
29,100 
At 31 March 2024
29,100 
Net book value
At 31 March 2024
1,323,400 
At 31 March 2023
1,323,400 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,100 
Accrued income and prepayments
916 
- 
Other debtors
8,584 
28,000 
9,500 
29,100 
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HORIZON CAPITAL ASSETS LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,166 
16,477 
Taxes and social security
196 
- 
Loans from directors
404,641 
443,497 
Accruals
2,250 
2,250 
416,253 
462,224 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
509,165 
507,835 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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