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Registered number: 13320390
Tomorrow Cap Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Basilica Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13320390
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 270,737 169,406
270,737 169,406
CURRENT ASSETS
Debtors 5 - 9,408
Cash at bank and in hand 1,766 6,563
1,766 15,971
Creditors: Amounts Falling Due Within One Year 6 (74,760 ) (39,704 )
NET CURRENT ASSETS (LIABILITIES) (72,994 ) (23,733 )
TOTAL ASSETS LESS CURRENT LIABILITIES 197,743 145,673
NET ASSETS 197,743 145,673
CAPITAL AND RESERVES
Called up share capital 7 1 1
Share premium account 406,382 406,382
Other reserves 298,401 -
Profit and Loss Account (507,041 ) (260,710 )
SHAREHOLDERS' FUNDS 197,743 145,673
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For the year ending 30 April 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr H Emmett-Lee
Director
27/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Tomorrow Cap Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13320390 . The registered office is 3rd Floor 1 Ashley Road, Altrincham, Cheshire, WA14 2DT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates. 
Where they consider that fair value can be reliably measured, the Directors must make an estimate of that fair value, applying the overriding concept that fair value is the amount for which an asset can be exchanged between knowledgeable willing parties in an arm's length transaction. Valuation methodologies for these investments will inherently involve a significant degree of management judgement and therefore the valuation of investments may differ materially from the value that would have been used had a ready market existed for the investment and may differ materially from the proceeds receivable upon realisation. 
Where they consider that fair value cannot be reliably measured, judgements are required in assessing the recoverable value of the investments for the purpose of impairment assessment. Where indicators of impairment exist, the Company reviews the carrying value of its investments for impairment based on their recoverable value, being the higher of the investments value in use and fair value less costs to sell. 
Factors taken into consideration in reaching a conclusion on the recoverable amount of investments include the economic viability and expected future financial performance of the asset.
2.4. Financial Instruments
Unlisted investments whose market values can be reliably determined are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the statement of comprehensive income. If a reliable estimate of fair value is no longer available for an asset measured at fair value, such investments are stated at historic cost less impairment until a reliable measure of fair value becomes available.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Presentation currency
The company's financial statements are presented in sterling.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
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4. Investments
Unlisted
£
Cost
As at 1 May 2023 169,406
Additions 101,331
As at 30 April 2024 270,737
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 270,737
As at 1 May 2023 169,406
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 9,408
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,874 18,900
Other creditors 40,118 14,212
Taxation and social security 15,768 6,592
74,760 39,704
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Contingent Liabilities
2024 2023
£ £
At the end of the period 2,400 -
A contingent liability of £2,400 has arisen in the year from a contractual relationship with an advisor. If their services are used again in the following financial year, the amount will not be payable. Re-uptake of services is expected and hence payment of the amount is deemed unlikely.
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9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans owed by the company to a director:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Harrison Emmett-Lee 2,849 - 2,849 - -
The above loan is unsecured, interest free and repayable on demand.
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