2023-04-012024-03-312024-03-31false03709376ANCIENT CAPITAL (FINANCIAL SERVICES) 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ANCIENT CAPITAL (FINANCIAL SERVICES) LIMITED

Registered Number
03709376
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

ANCIENT CAPITAL (FINANCIAL SERVICES) LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Robin Heimsoth
Donell Hamilton Turner

Company Secretary

Donell Hamilton Turner

Registered Address

Old Vestry House
Broad Street
Somerton
TA11 7ND

Registered Number

03709376 (England and Wales)
ANCIENT CAPITAL (FINANCIAL SERVICES) LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31013
1013
Current assets
Cash at bank and on hand1,363963
1,363963
Creditors amounts falling due within one year4(2,540)(2,471)
Net current assets (liabilities)(1,177)(1,508)
Total assets less current liabilities(1,167)(1,495)
Net assets(1,167)(1,495)
Capital and reserves
Called up share capital100100
Profit and loss account(1,267)(1,595)
Shareholders' funds(1,167)(1,495)
The financial statements were approved and authorised for issue by the Board of Directors on 20 November 2024, and are signed on its behalf by:
Donell Hamilton Turner
Director
Robin Heimsoth
Director

Registered Company No. 03709376
ANCIENT CAPITAL (FINANCIAL SERVICES) LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 April 237,2057,205
At 31 March 247,2057,205
Depreciation and impairment
At 01 April 237,1927,192
Charge for year33
At 31 March 247,1957,195
Net book value
At 31 March 241010
At 31 March 231313
4.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties912913
Other creditors1,1001,100
Accrued liabilities and deferred income528458
Total2,5402,471
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.