Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true22023-04-01The principal activity of the company continued to be that of a management and holding company.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse2false 05990677 2023-04-01 2024-03-31 05990677 2022-04-01 2023-03-31 05990677 2024-03-31 05990677 2023-03-31 05990677 c:Director1 2023-04-01 2024-03-31 05990677 d:CurrentFinancialInstruments 2024-03-31 05990677 d:CurrentFinancialInstruments 2023-03-31 05990677 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05990677 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05990677 d:ShareCapital 2024-03-31 05990677 d:ShareCapital 2023-03-31 05990677 d:RetainedEarningsAccumulatedLosses 2024-03-31 05990677 d:RetainedEarningsAccumulatedLosses 2023-03-31 05990677 c:OrdinaryShareClass1 2023-04-01 2024-03-31 05990677 c:OrdinaryShareClass1 2024-03-31 05990677 c:FRS102 2023-04-01 2024-03-31 05990677 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05990677 c:FullAccounts 2023-04-01 2024-03-31 05990677 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05990677 6 2023-04-01 2024-03-31 05990677 d:Associate1 2023-04-01 2024-03-31 05990677 d:Associate1 1 2023-04-01 2024-03-31 05990677 d:Associate2 2023-04-01 2024-03-31 05990677 d:Associate2 1 2023-04-01 2024-03-31 05990677 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05990677














AMBRO CAPITAL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
AMBRO CAPITAL LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 5


 
AMBRO CAPITAL LIMITED
REGISTERED NUMBER:05990677

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
51,190
51,190

Current assets
  

Debtors: amounts falling due within one year
 6 
1,000
1,000

Bank & cash balances
  
3,636
2,484

  
4,636
3,484

  

Creditors: amounts falling due within one year
 7 
(1,121)
(1,020)

Net current assets
  
 
 
3,515
 
 
2,464

  

Net assets
  
54,705
53,654


Capital and reserves
  

Called up share capital 
 8 
46,000
46,000

Profit and loss account
  
8,705
7,654

  
54,705
53,654


Page 1

 
AMBRO CAPITAL LIMITED
REGISTERED NUMBER:05990677
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J V Spangler
Director

Date: 30 October 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
AMBRO CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company's legal form is that of a limited company incorporated in the United Kingdom. The company's registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principal activity of the company continued to be that of a management and holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in associates are measured at cost less accumulated impairment.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.4

Creditors

Short term creditors are measured at the transaction price.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Post year end events

Post year end the company received a dividend of £595,654 from Xenmet SA in relation to the year ended 31 March 2024.
On 10 July 2024 the directors proposed a dividend of £590,000 to be paid for the year ended 31 March 2024.

Page 3

 
AMBRO CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 April 2023
51,190



At 31 March 2024

51,190






Net book value



At 31 March 2024
51,190



At 31 March 2023
51,190


Associates


The following were associates of the Company:


Name

Registered office

Principal activity

Class of shares

Holding

Xenmet SA
Liechenstein
Trading in various industries
Ordinary
50%
Ambro Limited
England and Wales
Trading of non-ferrous metals
Ordinary
50%


6.


Debtors

2024
2023
£
£


Other debtors
1,000
1,000



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
1,121
1,020


Page 4

 
AMBRO CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



46,000 Ordinary shares of £1 each
46,000
46,000


 
Page 5