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
HORIZON CAPITAL ASSETS LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
1,323,400
1,323,400
Cash at bank and in hand
13,600
30,334
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
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
HORIZON CAPITAL ASSETS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
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:
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Land & buildings
At 31 March 2024
1,352,500
At 31 March 2024
1,323,400
At 31 March 2023
1,323,400
Amounts falling due within one year
Accrued income and prepayments
916
-
Other debtors
8,584
28,000
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
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).