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REGISTERED NUMBER: 13305996 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Autoshares Limited

Autoshares Limited (Registered number: 13305996)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Autoshares Limited

Company Information
for the year ended 31st March 2024







DIRECTOR: Mr S J Moore





REGISTERED OFFICE: Hereward Way
Weeting
Brandon
Suffolk
IP27 0QN





REGISTERED NUMBER: 13305996 (England and Wales)





ACCOUNTANTS: TWR Accountants
The Old Registrars
57a High Street
Brandon
Suffolk
IP27 0AU

Autoshares Limited (Registered number: 13305996)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100,000 350,000

CURRENT ASSETS
Cash at bank 11 403

CREDITORS
Amounts falling due within one year 5 - 36,500
NET CURRENT ASSETS/(LIABILITIES) 11 (36,097 )
TOTAL ASSETS LESS CURRENT LIABILITIES 100,011 313,903

CREDITORS
Amounts falling due after more than one
year

6

103,170

314,670
NET LIABILITIES (3,159 ) (767 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 (3,259 ) (867 )
SHAREHOLDERS' FUNDS (3,159 ) (767 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Autoshares Limited (Registered number: 13305996)

Balance Sheet - continued
31st March 2024


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 director and authorised for issue on 11th October 2024 and were signed by:





Mr S J Moore - Director


Autoshares Limited (Registered number: 13305996)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Autoshares 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.

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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon an improvement in the company's trading position and continue financial support from its director and subsidiary undertaking. The financial statements do not include any adjustments that would result if such support is not continuing.

Preparation of consolidated financial statements
The financial statements contain information about Autoshares 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.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Autoshares Limited (Registered number: 13305996)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023 350,000
Disposals (250,000 )
At 31st March 2024 100,000
NET BOOK VALUE
At 31st March 2024 100,000
At 31st March 2023 350,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors - 36,500

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 103,170 314,670

7. RESERVES
Retained
earnings
£   

At 1st April 2023 (867 )
Profit for the year 39,080
Dividends (41,472 )
At 31st March 2024 (3,259 )

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S J Moore.