IRIS Accounts Production v24.3.0.553 12824626 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh128246262022-08-31128246262023-08-31128246262022-09-012023-08-31128246262021-08-31128246262021-09-012022-08-31128246262022-08-3112824626ns15:EnglandWales2022-09-012023-08-3112824626ns14:PoundSterling2022-09-012023-08-3112824626ns10:Director12022-09-012023-08-3112824626ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3112824626ns10:SmallEntities2022-09-012023-08-3112824626ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3112824626ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3112824626ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3112824626ns10:FullAccounts2022-09-012023-08-3112824626ns10:Director32022-09-012023-08-3112824626ns10:RegisteredOffice2022-09-012023-08-3112824626ns5:CurrentFinancialInstruments2023-08-3112824626ns5:CurrentFinancialInstruments2022-08-3112824626ns5:ShareCapital2023-08-3112824626ns5:ShareCapital2022-08-3112824626ns5:SharePremium2023-08-3112824626ns5:SharePremium2022-08-3112824626ns5:RetainedEarningsAccumulatedLosses2023-08-3112824626ns5:RetainedEarningsAccumulatedLosses2022-08-3112824626ns5:CostValuation2022-08-3112824626ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3112824626ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: 12824626 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 August 2023

for

ANCIENT MACHINE LTD

ANCIENT MACHINE LTD (REGISTERED NUMBER: 12824626)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANCIENT MACHINE LTD

Company Information
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: C Lazouras
A Ramon





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 12824626 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

ANCIENT MACHINE LTD (REGISTERED NUMBER: 12824626)

Balance Sheet
31 AUGUST 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,554 2,554

CURRENT ASSETS
Debtors 5 485,400 398,093
Cash in hand 100 100
485,500 398,193
CREDITORS
Amounts falling due within one year 6 486,339 426,815
NET CURRENT LIABILITIES (839 ) (28,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,715

(26,068

)

CAPITAL AND RESERVES
Called up share capital 120 116
Share premium 152,912 110,651
Retained earnings (151,317 ) (136,835 )
1,715 (26,068 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

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 19 November 2024 and were signed on its behalf by:





C Lazouras - Director


ANCIENT MACHINE LTD (REGISTERED NUMBER: 12824626)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Ancient Machine Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 3 (2022 - 3 ) .

ANCIENT MACHINE LTD (REGISTERED NUMBER: 12824626)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 2,554
NET BOOK VALUE
At 31 August 2023 2,554
At 31 August 2022 2,554

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Amounts owed by group undertakings 391,674 389,580
Amounts owed by connected companies 58,959 -
Other debtors 34,767 8,513
485,400 398,093

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 4,136 4,136
Taxation and social security 48,058 41,731
Other creditors 434,145 380,948
486,339 426,815

7. RELATED PARTY DISCLOSURES

Included in debtors, amount falling due within one year, is an amount of £391,674 (2022: £389,581) due from the group undertakings. The loan is interest free and repayable on demand.

Included in debtors, amount falling due within one year, is an amount of £58,959 (2022: £Nil) due from the connected company. The loan is interest free and repayable on demand.

Included in creditors, amount falling due within one year, is an amount of £8,210 (2022: £70,406) due to the director of the company.The loan is interest free and repayable on demand.