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REGISTERED NUMBER: 06059441 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

PTOLEMY CAPITAL LIMITED

PTOLEMY CAPITAL LIMITED (REGISTERED NUMBER: 06059441)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PTOLEMY CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: M W Gordon
G M T Gordon
Miss H L R Gordon





SECRETARY: Mrs O L F Gordon





REGISTERED OFFICE: Easton Glebe House
Laundry Lane
Little Easton
Essex
CM6 2JW





REGISTERED NUMBER: 06059441 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

PTOLEMY CAPITAL LIMITED (REGISTERED NUMBER: 06059441)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 499,471 509,202
Investments 5 410,901 1,409,184
910,372 1,918,386

CURRENT ASSETS
Debtors 6 2,086,316 347,504
Cash at bank 44,390 55,532
2,130,706 403,036
CREDITORS
Amounts falling due within one year 7 639,027 434,085
NET CURRENT ASSETS/(LIABILITIES) 1,491,679 (31,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,402,051

1,887,337

PROVISIONS FOR LIABILITIES 13,150 -
NET ASSETS 2,388,901 1,887,337

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 2,388,798 1,887,234
SHAREHOLDERS' FUNDS 2,388,901 1,887,337

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

PTOLEMY CAPITAL LIMITED (REGISTERED NUMBER: 06059441)

BALANCE SHEET - continued
31ST JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd October 2024 and were signed on its behalf by:





M W Gordon - Director


PTOLEMY CAPITAL LIMITED (REGISTERED NUMBER: 06059441)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Ptolemy 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.

2. ACCOUNTING POLICIES

Accounting convention
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 as modified by the revaluation of certain assets.

Going Concern Justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31st January 2024 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services once completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

PTOLEMY CAPITAL LIMITED (REGISTERED NUMBER: 06059441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st February 2023 452,770 118,180 570,950
Additions 43,001 19,289 62,290
At 31st January 2024 495,771 137,469 633,240
DEPRECIATION
At 1st February 2023 3,010 58,738 61,748
Charge for year 45,277 26,744 72,021
At 31st January 2024 48,287 85,482 133,769
NET BOOK VALUE
At 31st January 2024 447,484 51,987 499,471
At 31st January 2023 449,760 59,442 509,202

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 410,901 1,409,184

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
At 1st February 2023 1,409,184
Disposals (1,130,314 )
Revaluations (77,205 )
At 31st January 2024 201,665
NET BOOK VALUE
At 31st January 2024 201,665
At 31st January 2023 1,409,184

Cost or valuation at 31st January 2024 is represented by:

Other
investments
£   
Valuation in 2022 329,276
Valuation in 2023 (465,744 )
Valuation in 2024 338,133
201,665


PTOLEMY CAPITAL LIMITED (REGISTERED NUMBER: 06059441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024
Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Classic Motor Vehicles 209,236 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,831,444 347,504
Other debtors 254,872 -
2,086,316 347,504

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,849 -
Taxation and social security 628,126 417,635
Other creditors 7,052 16,450
639,027 434,085