Registered number
14997979
Search Capital Limited
Filleted Accounts
31 December 2024
Search Capital Limited
Registered number: 14997979
Balance Sheet
as at 31 December 2024
Notes 2024
£
Fixed assets
Investments 3 42
Current assets
Debtors 4 100
Creditors: amounts falling due within one year 5 (16,062)
Net current liabilities (15,962)
Net liabilities (15,920)
Capital and reserves
Called up share capital 100
Profit and loss account (16,020)
Shareholder's funds (15,920)
The directors are 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 directors acknowledge their 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.
G Lief
Director
Approved by the board on 14 April 2025
Search Capital Limited
Notes to the Accounts
for the period from 12 July 2023 to 31 December 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).

Consolidation
The company and its subsidiary comprise a small group. The company has taken advantage of Section 398 of the Companies Act 2006 not to prepare group consolidated accounts
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair 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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 42
At 31 December 2024 42
The company owns 100% of the share capital of Search Fund Capital (Pty) Limited, a company registered in South Africa. That company prepares its accounts to 28 February, and at 28 February 2025 it had net capital and reserves of -£198,634 (deficit) and a loss for the year of £95,006. These figures are set out using an average conversion rate of 23 Rand to £1.
4 Debtors 2024
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest 100
5 Creditors: amounts falling due within one year 2024
£
Trade creditors 474
Amounts owed to group undertakings and undertakings in which the company has a participating interest 15,588
16,062
6 Controlling party
The ultimate Parent Company is Rubik Cube Capital Limited, a company registered in the British Virgin Islands.
7 Going Concern consideration
The Directors consider that with the continuing support of the group company lenders, that the company shall remain a going concern, and the accounts are prepared on this basis.
8 Other information
Search Capital Limited is a private company limited by shares and incorporated in England. Its registered office is:
Regent House
Theobald Street
Borehamwood
Herts.
WD6 4RS
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