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REGISTERED NUMBER: 03380488 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PRIVATE EQUITY LIMITED

PRIVATE EQUITY LIMITED (REGISTERED NUMBER: 03380488)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PRIVATE EQUITY LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: D J Wills
R Cameron-Clarke





SECRETARY: D J Wills





REGISTERED OFFICE: 5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA





REGISTERED NUMBER: 03380488 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

PRIVATE EQUITY LIMITED (REGISTERED NUMBER: 03380488)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 5 1,000,000 1,000,000

CREDITORS
Amounts falling due within one year 6 244 244
NET CURRENT LIABILITIES (244 ) (244 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

999,756

999,756

CAPITAL AND RESERVES
Called up share capital 7 66,000 66,000
Share premium 8 63,000 63,000
Capital redemption reserve 8 35,000 35,000
Retained earnings 8 835,756 835,756
SHAREHOLDERS' FUNDS 999,756 999,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2024 and were signed on its behalf by:




D J Wills - Director


PRIVATE EQUITY LIMITED (REGISTERED NUMBER: 03380488)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Private Equity Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Private Equity Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current or deferred taxation assets and liabilities are not discounted.

a) Current tax

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

b) Deferred tax

Deferred tax is recognised in respect of all timing differences which are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that the directors consider it probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PRIVATE EQUITY LIMITED (REGISTERED NUMBER: 03380488)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,150,152
PROVISIONS
At 1 January 2023
and 31 December 2023 150,152
NET BOOK VALUE
At 31 December 2023 1,000,000
At 31 December 2022 1,000,000

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Subsidiary

Albemarle Venture Partner Limited
Registered office: 5th Floor, Palladium House, 1-4 Argyll street, London W1F 7TA
Nature of business: Investment company
%
Class of shares: holding
Ordinary £1 100.00
2023 2022
£    £   
Aggregate capital and reserves 771,966 667,742
Profit/(loss) for the year 104,224 (120,656 )

PRIVATE EQUITY LIMITED (REGISTERED NUMBER: 03380488)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


5. FIXED ASSET INVESTMENTS - continued

Associated company

Room2Spare Limited
Registered office: Unit G Aisecome Way, Weston-Super-Mare, Avon, BS22 8NA
Nature of business: Storage space rental company
%
Class of shares: holding
Ordinary £1 25.00
31.12.22 31.12.21
£    £   
Aggregate capital and reserves (224,107 ) (200,583 )
Loss for the year (23,524 ) (22,119 )

The shares are held by Albemarle Venture Partner Limited and the last available accounts for the company were for the year ended 31 December 2022.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 244 244

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
66,000 Ordinary £1 66,000 66,000

8. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 January 2023 835,756 63,000 35,000 933,756
Profit for the year - -
At 31 December 2023 835,756 63,000 35,000 933,756

9. RELATED PARTY DISCLOSURES

Albermarle Venture Partner Limited is a subsidiary undertaking of the company. At 31 December 2022, the company owed £244 to Albermarle Venture Partner Limited.

PRIVATE EQUITY LIMITED (REGISTERED NUMBER: 03380488)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director D J Wills.