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Registered number: 08479067
Actioprima Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Harris & Company (C.A.) Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08479067
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 5 1,559,836 1,566,330
1,559,836 1,566,330
CURRENT ASSETS
Debtors 6 2,292,265 2,459,857
Cash at bank and in hand 1,224 3,126
2,293,489 2,462,983
Creditors: Amounts Falling Due Within One Year 7 (1,875,793 ) (2,226,169 )
NET CURRENT ASSETS (LIABILITIES) 417,696 236,814
TOTAL ASSETS LESS CURRENT LIABILITIES 1,977,532 1,803,144
NET ASSETS 1,977,532 1,803,144
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 1,977,531 1,803,143
SHAREHOLDERS' FUNDS 1,977,532 1,803,144
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Paul Godfrey
Director
17 March 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
Actioprima Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08479067 . The registered office is Suite C, 4-6 Canfield Place, London, NW6 3BT.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% straight line
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 4,272
As at 31 December 2024 4,272
Depreciation
As at 1 January 2024 4,272
As at 31 December 2024 4,272
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Investments
Subsidiaries Unlisted Other Total
£ £ £ £
Cost
As at 1 January 2024 1,408,250 62,887 95,193 1,566,330
Disposals - (6,494 ) - (6,494 )
As at 31 December 2024 1,408,250 56,393 95,193 1,559,836
Provision
As at 1 January 2024 - - - -
As at 31 December 2024 - - - -
Net Book Value
As at 31 December 2024 1,408,250 56,393 95,193 1,559,836
As at 1 January 2024 1,408,250 62,887 95,193 1,566,330
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 28,680 19,530
Other debtors 2,263,585 2,440,327
2,292,265 2,459,857
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other loans 522,000 522,000
Other creditors 1,295,664 1,610,822
Taxation and social security 58,129 93,347
1,875,793 2,226,169
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
As at the balance sheet dates, two related parties provided a loan of £65,000 and £58,000 to the company, bearing interest of 7% p.a and £6.72% p.a. and are repayable on demand.
The company has paid interest of £7,702 (2023: £8,368) to the two related parties during the year.
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