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Registered number
06200972
Achates Capital Ltd
Unaudited Accounts
for the year ended
31 March 2024
Achates Capital Ltd
Balance Sheet
as at 31 March 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 3 951 1,424
Investments 79,154 79,154
80,105 80,578
Current assets
Debtors 4 4,057 7,742
Cash at bank and in hand 14,667 26,451
18,724 34,193
Creditors: amounts falling due within one year 5 (22,727) (37,831)
Net current assets / (liabilities) (4,003) (3,638)
Total assets less current liabilities 76,102 76,940
Provisions for liabilities (0) (0)
Accruals and deferred income (600) (600)
Total net assets (liabilities) 75,502 76,340
Capital and reserves
Called up share capital 6 100 100
Profit and loss account 75,402 76,240
Shareholders' funds 75,502 76,340

Achates Capital Ltd
Balance Sheet
as at 31 March 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr G Karachuk

Director


Approved by the board on 28 December 2024

Company Number: 06200972 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

20-22 Wenlock Road
London
N1 7GU
England

Achates Capital Ltd
Notes to the Accounts
for the year ended 31 March 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Equipment 25% Straight Line
Fixtures & Fittings 25% Reducing Balance
Foreign currencies
Transactions in foreign currencies other than the functional currency of the company are recorded at the rate of exchange on the date the transaction occurred. Monetary assets and liabilities in foreign currencies are translated at the rates prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items measured at historic cost in a foreign currency are recorded at that historic value.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares that are measured at fair value. Derivative financial instruments are initially recorded at cost and thereafter at fair value. All changes in fair value are recognised in the profit or loss account in the period in which they occurred.
2. Employees
2024 2023
Average number of employees during the period 1 1

3. Tangible fixed assets
Equipment Fixtures & Fittings Total
Cost or valuation £ £ £
At 1 April 2023 1,872 2,011 3,883
At 31 March 2024 1,872 2,011 3,883
Depreciation
At 1 April 2023 468 1,991 2,459
Charge for the period 468 5 473
At 31 March 2024 936 1,996 2,932
Net book value
At 31 March 2024 936 15 951
At 31 March 2023 1,404 20 1,424

4. Debtors
2024 2023
£ £
Trade debtors 3,929 0
Other debtors 128 7,742
4,057 7,742

5. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 260 1,831
Other creditors 22,467 36,000
22,727 37,831

6. Share capital
2024 2023
£ £
Allotted, called up and fully paid:
49 (2023: 49) Ordinary A shares of £1.00 each 49 49
Allotted, called up and fully paid:
51 (2023: 51) Ordinary B shares of £1.00 each 51 51
100 100