Registered number
14765808
Asymptote Capital Limited
Filleted Accounts
31 March 2024
Asymptote Capital Limited
Registered number: 14765808
Balance Sheet
as at 31 March 2024
Notes 2024
£
Fixed assets
Tangible assets 3 6,200
Investments 4 400,000
406,200
Current assets
Debtors 5 132,995
Cash at bank and in hand 15,280
148,275
Creditors: amounts falling due within one year 6 (1,194)
Net current assets 147,081
Total assets less current liabilities 553,281
Creditors: amounts falling due after more than one year 7 (550,520)
Net assets 2,761
Capital and reserves
Called up share capital 100
Profit and loss account 2,661
Shareholder's funds 2,761
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Baker
Director
Approved by the board on 31 October 2024
Asymptote Capital Limited
Notes to the Accounts
for the period from 29 March 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 8,266
At 31 March 2024 8,266
Depreciation
Charge for the period 2,066
At 31 March 2024 2,066
Net book value
At 31 March 2024 6,200
4 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 400,000
At 31 March 2024 400,000
5 Debtors 2024
£
Other debtors 132,995
6 Creditors: amounts falling due within one year 2024
£
Other creditors 1,194
7 Creditors: amounts falling due after one year 2024
£
Directors loan 550,520
8 Controlling party
The company is controlled by the director.
9 Other information
Asymptote Capital Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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