Company Registration No. 13021716 (England and Wales)
A&I Capital Ventures Ltd
Unaudited accounts
for the period from 1 December 2022 to 29 February 2024
A&I Capital Ventures Ltd
Unaudited accounts
Contents
A&I Capital Ventures Ltd
Company Information
for the period from 1 December 2022 to 29 February 2024
Company Number
13021716 (England and Wales)
Registered Office
45 Stamford Hill
London
N16 5SR
England
A&I Capital Ventures Ltd
Statement of financial position
as at 29 February 2024
Investment property
4,500,000
2,966,042
Debtors
1,748,201
1,315,727
Cash at bank and in hand
-
20,988
Creditors: amounts falling due within one year
(1,355,355)
(232,673)
Net current assets
392,846
1,104,042
Total assets less current liabilities
4,896,742
4,070,084
Creditors: amounts falling due after more than one year
(2,754,737)
(3,755,000)
Provisions for liabilities
Net assets
1,658,697
315,084
Called up share capital
100
100
Profit and loss account
1,658,597
314,984
Shareholders' funds
1,658,697
315,084
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 November 2024 and were signed on its behalf by
Mr A Faig
Director
Company Registration No. 13021716
A&I Capital Ventures Ltd
Notes to the Accounts
for the period from 1 December 2022 to 29 February 2024
A&I Capital Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 13021716. The registered office is 45 Stamford Hill, London, N16 5SR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
A&I Capital Ventures Ltd
Notes to the Accounts
for the period from 1 December 2022 to 29 February 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 December 2022
2,966,042
Net gain from fair value adjustments
1,933,233
At 29 February 2024
4,500,000
The investment property at 29 February 2024 is stated at director's estimation of open market value.
Amounts falling due within one year
Accrued income and prepayments
24,064
-
Other debtors
1,724,137
1,315,727
7
Creditors: amounts falling due within one year
2024
2022
Bank loans and overdrafts
1,200,490
-
Taxes and social security
5,048
78,733
Other creditors
149,337
151,536
8
Creditors: amounts falling due after more than one year
2024
2022
Bank loans
2,754,737
3,755,000
A&I Capital Ventures Ltd
Notes to the Accounts
for the period from 1 December 2022 to 29 February 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
Other Debtors includes amount agregating £1,724,137 (2022: £1,285,473) due from companies with a director in common with this company.
11
Average number of employees
During the period the average number of employees was 1 (2022: 1).