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REGISTERED NUMBER: 13852514 (England and Wales)













Financial Statements

for the Year Ended 31 December 2023

for

Conductor Capital Limited

Conductor Capital Limited (Registered number: 13852514)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Conductor Capital Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Conductor Capital Holdings Limited
M Romano





REGISTERED OFFICE: 84 Eccleston Square
London
SW1V 1PX





REGISTERED NUMBER: 13852514 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Conductor Capital Limited (Registered number: 13852514)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134,809 30,571

CURRENT ASSETS
Debtors 5 6,391,429 1,773,795
Cash at bank 297,730 25,777
6,689,159 1,799,572
CREDITORS
Amounts falling due within one year 6 6,374,521 1,694,221
NET CURRENT ASSETS 314,638 105,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,447

135,922

PROVISIONS FOR LIABILITIES 7,500 7,500
NET ASSETS 441,947 128,422

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 441,937 128,412
SHAREHOLDERS' FUNDS 441,947 128,422

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 24 April 2024 and were signed on its behalf by:





M Romano - Director


Conductor Capital Limited (Registered number: 13852514)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Conductor Capital 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents net fees earned on managed funds. Credit is taken for fees in the period to which the fee relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 33% on cost
Computer equipment - 25% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense 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 it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Conductor Capital Limited (Registered number: 13852514)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 1,299 - 32,300 33,599
Additions - 110,401 15,869 126,270
At 31 December 2023 1,299 110,401 48,169 159,869
DEPRECIATION
At 1 January 2023 81 - 2,947 3,028
Charge for year 244 15,333 6,455 22,032
At 31 December 2023 325 15,333 9,402 25,060
NET BOOK VALUE
At 31 December 2023 974 95,068 38,767 134,809
At 31 December 2022 1,218 - 29,353 30,571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,070
Amounts owed by group undertakings 27,046 1,206,203
Other debtors 48,491 66,340
VAT 177,530 -
Prepayments and accrued income 6,138,362 500,182
6,391,429 1,773,795

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 207,598 91,335
Amounts owed to group undertakings 4,887,917 -
Social security and other taxes 157,701 266,315
Other creditors 6,813 701,789
Accrued expenses 1,114,492 634,782
6,374,521 1,694,221

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £0.01 10 10

Conductor Capital Limited (Registered number: 13852514)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Shawcross FCA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £207,900 (2022 - £198,000) relating to amounts payable under operating leases.