Registered number
07300332
Ainsworth Capital Limited
Unaudited Filleted Accounts
30 June 2024
Ainsworth Capital Limited
Registered number: 07300332
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 836 233
Investments 4 375,000 280,359
375,836 280,592
Current assets
Investments held as current assets 5 257,206 204,535
Cash at bank and in hand 3,042 1,311
260,248 205,846
Creditors: amounts falling due within one year 6 (30,216) (24,045)
Net current assets 230,032 181,801
Total assets less current liabilities 605,868 462,393
Creditors: amounts falling due after more than one year 7 (9,152) (18,971)
Provisions for liabilities (30,869) (5,364)
Net assets 565,847 438,058
Capital and reserves
Called up share capital 2 2
Profit and loss account 565,845 438,056
Shareholder's funds 565,847 438,058
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J. Ainsworth
Director
Approved by the board on 4 October 2024
Ainsworth Capital Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Rental income is regonised on an accruals basis.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Investments
Unlisted investments are measured at fair value. Unlisted property investments are initially measured at cost and are periodically revalued. Changes in value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 2,737
Additions 1,254
Disposals (1,393)
At 30 June 2024 2,598
Depreciation
At 1 July 2023 2,504
Charge for the year 651
On disposals (1,393)
At 30 June 2024 1,762
Net book value
At 30 June 2024 836
At 30 June 2023 233
4 Investments
Other
investments
£
Cost
At 1 July 2023 280,359
Revaluation 94,641
At 30 June 2024 375,000
Historical cost
At 1 July 2023 252,359
At 30 June 2024 252,359
An independent professional has reviewed the value of the investment property and determined that the open market value at 30 June 2024 is £375,000
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments - 204,535
Unlisted investments 257,206 -
257,206 204,535
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments 66,672 45,539
Unlisted current asset investments are revalued at fair value each year. Investments were re-categorised as unlisted.
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,799 9,660
Taxation and social security costs 15,809 9,718
Other creditors 4,608 4,667
30,216 24,045
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,152 18,971
8 Other information
Ainsworth Capital Limited is a private company limited by shares and incorporated in England. Its registered office is:
22 The Chase
Reigate
RH2 7DH
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