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Company Registration No. 09157995 (England and Wales)
Worth Capital Limited Unaudited accounts for the year ended 31 August 2024
Worth Capital Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Worth Capital Limited Company Information for the year ended 31 August 2024
Directors
Matthew Cushen Paul Ephremsen Paul Soanes
Company Number
09157995 (England and Wales)
Registered Office
71-75 SHELTON STREET LONDON GREATER LONDON WC2H 9JQ UNITED KINGDOM
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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Worth Capital Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
417 
1,305 
Investments
5
794,713 
794,713 
795,130 
796,018 
Current assets
Debtors
6
19,497 
11,108 
Cash at bank and in hand
217,884 
140,031 
237,381 
151,139 
Creditors: amounts falling due within one year
7
(401,899)
(374,183)
Net current liabilities
(164,518)
(223,044)
Total assets less current liabilities
630,612 
572,974 
Creditors: amounts falling due after more than one year
8
(7,391)
(17,381)
Provisions for liabilities
Deferred tax
(248)
(248)
Net assets
622,973 
555,345 
Capital and reserves
Called up share capital
1,795 
1,795 
Share premium
1,217,114 
1,217,114 
Profit and loss account
(595,936)
(663,564)
Shareholders' funds
622,973 
555,345 
For the year ending 31 August 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by
Matthew Cushen Director Company Registration No. 09157995
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Worth Capital Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Worth Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 09157995. The registered office is 71-75 SHELTON STREET, LONDON, GREATER LONDON, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
63,958 
Additions
208 
At 31 August 2024
64,166 
Depreciation
At 1 September 2023
62,653 
Charge for the year
1,096 
At 31 August 2024
63,749 
Net book value
At 31 August 2024
417 
At 31 August 2023
1,305 
5
Investments
Other investments 
£ 
Valuation at 1 September 2023
794,713 
Valuation at 31 August 2024
794,713 
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Worth Capital Limited Notes to the Accounts for the year ended 31 August 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,449 
7,560 
Other debtors
1,048 
3,548 
19,497 
11,108 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,138 
10,142 
Trade creditors
142 
- 
Taxes and social security
3,831 
80 
Accruals
387,788 
363,961 
401,899 
374,183 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,391 
17,381 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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