REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Aptitude Tech DBF Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
Aptitude Tech DBF Ltd |
Aptitude Tech DBF Ltd (Registered number: 12067872) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Accountants' Report | 5 |
Aptitude Tech DBF Ltd |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Ben Loyal Lodge |
25 Kenilworth Road |
Bridge Of Allan |
Stirling |
FK9 4EH |
Aptitude Tech DBF Ltd (Registered number: 12067872) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
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 were approved by the Board of Directors and authorised for issue on |
Aptitude Tech DBF Ltd (Registered number: 12067872) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Aptitude Tech DBF Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Unlisted investments |
Unlisted investments are measured at fair value, unless the value cannot be reliably measured, in which case, unlisted investments are measured at cost less accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
PROVISIONS |
At 1 April 2023 |
and 31 March 2024 | 72,758 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
The investment represents a promissory note to DataBasedFinance, a US early stage company. Following collapse of DataBasedFinance's main investor, the value of this investment has been revalued at £nil. |
The impairment loss is presented in the profit and loss account under 'Amounts written off investments'. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Other debtors |
Aptitude Tech DBF Ltd (Registered number: 12067872) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
6. | RELATED PARTY DISCLOSURES |
A fixed asset investment in DatabasedFinance at 31 March 2022, was possible due to a loan of £72,758 from a connected company. |
In the previous year, the fixed asset investment was revalued to £nil, and the loan from this connected company was wavered and all interest due cancelled. |
The waiver of the loan is included in the profit and loss under 'Amounts written off investments' and was fully matched in value by the impairment loss of the fixed asset investment. |
At the balance sheet date, £0 (31 March 2023 - £0) was outstanding. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Aptitude Tech DBF Ltd |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aptitude Tech DBF Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. |
This report is made solely to the Board of Directors of Aptitude Tech DBF Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aptitude Tech DBF Ltd and state those matters that we have agreed to state to the Board of Directors of Aptitude Tech DBF Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Aptitude Tech DBF Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aptitude Tech DBF Ltd. You consider that Aptitude Tech DBF Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Aptitude Tech DBF Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Ben Loyal Lodge |
25 Kenilworth Road |
Bridge Of Allan |
Stirling |
FK9 4EH |