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REGISTERED NUMBER: 09819904 (England and Wales)








CUBE ADVISERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CUBE ADVISERS LIMITED (REGISTERED NUMBER: 09819904)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

CUBE ADVISERS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: S C Loggie
J M E Lawes
N C P Lowry
N Van Zyl
J Pym





SECRETARY: S C Loggie





REGISTERED OFFICE: 21A Kingly Street
London
W1B 5QA





REGISTERED NUMBER: 09819904 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

CUBE ADVISERS LIMITED (REGISTERED NUMBER: 09819904)

BALANCE SHEET
31 March 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 5 92,272 7,792
Investments 6 224,364 233,208
316,636 241,000

CURRENT ASSETS
Debtors 7 652,980 420,165
Cash at bank 535,285 1,054,933
1,188,265 1,475,098
CREDITORS
Amounts falling due within one year 8 (708,267 ) (1,060,711 )
NET CURRENT ASSETS 479,998 414,387
TOTAL ASSETS LESS CURRENT LIABILITIES 796,634 655,387

PROVISIONS FOR LIABILITIES (33,840 ) (710 )
NET ASSETS 762,794 654,677

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 762,694 654,577
762,794 654,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

CUBE ADVISERS LIMITED (REGISTERED NUMBER: 09819904)

BALANCE SHEET - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2024 and were signed on its behalf by:





S C Loggie - Director


CUBE ADVISERS LIMITED (REGISTERED NUMBER: 09819904)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Cube Advisers Limited 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, in relation to property services, excluding rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at their historic cost price less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for use and an estimate present value of the costs of dismantling and removing the item. The asset's residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 33% on cost and 25% on reducing balance
Leasehold improvements - over 3 years

On disposal the difference between the net proceeds and carrying amount of the item sold is recognised in the income statement, and included in administrative expenses.

Fixed Asset Investments
Other investments comprise of an investment in an Unit Trust which is carried at cost less impairment as fair value cannot be measured reliably without undue cost or effort.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


CUBE ADVISERS LIMITED (REGISTERED NUMBER: 09819904)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


3. ACCOUNTING POLICIES - continued
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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to income statement in the period to which they relate.

Financial instruments
Financial instruments are classified by the directors as basic or non-basic, following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest rate method. The company has no non-basic financial instruments.

Provisions
Provisions are recognised in the financial statements for all expected future cash outflows arising in respect of lease dilapidations.

Provisions for lease dilapidations are provided for when the company has a contractual obligation under the agreed lease term to return the premises to its original order. The provision is based on previous experience. The expected present value of the estimated cost of dismantling and removal of fittings are part of that fixed asset addition. Interest accrues at a rate of 4% on the provision. The expected repair costs are charged to the statement of income and retained earnings as the obligation arises.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

CUBE ADVISERS LIMITED (REGISTERED NUMBER: 09819904)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Plant and
Leasehold machinery
improvements etc Totals
£ £ £
COST
At 1 April 2023 - 45,393 45,393
Additions 100,283 13,689 113,972
At 31 March 2024 100,283 59,082 159,365
DEPRECIATION
At 1 April 2023 - 37,601 37,601
Charge for year 20,433 9,059 29,492
At 31 March 2024 20,433 46,660 67,093
NET BOOK VALUE
At 31 March 2024 79,850 12,422 92,272
At 31 March 2023 - 7,792 7,792

6. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 April 2023
and 31 March 2024 265,702
PROVISIONS
At 1 April 2023 32,494

Impairments 8,844
At 31 March 2024 41,338
NET BOOK VALUE
At 31 March 2024 224,364
At 31 March 2023 233,208

The above investment is in respect of units acquired in an independently administered Unit Trust.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 218,925 169,500
Other debtors 434,055 250,665
652,980 420,165

CUBE ADVISERS LIMITED (REGISTERED NUMBER: 09819904)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 17,694 1,084
Taxation and social security 147,031 201,157
Other creditors 543,542 858,470
708,267 1,060,711

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 85,700 85,140
Between one and five years 178,542 264,242
264,242 349,382

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors received cash advanced from the company amounting to £65,150 (2023: £887,090). Repayments have been made to the company totalling £nil (2023: £1,093,927). At the year end the directors owed £65,112 (2023: £nil).The advances were interest-free.

11. RELATED PARTY DISCLOSURES

Included in creditors are interest-free loans from companies with directors in common.

20242023
££
Cube Real Estate Limited, a company in liquidation-187,583
Wyatt Capital Limited426,020436,020
TEG Asset Management Limited-7,015


CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CUBE ADVISERS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cube Advisers Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cube Advisers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cube Advisers Limited and state those matters that we have agreed to state to the Board of Directors of Cube Advisers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cube Advisers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cube Advisers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cube Advisers Limited. You consider that Cube Advisers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cube Advisers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


24 December 2024