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REGISTERED NUMBER: 03757478 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Algo Capital Management Limited

Algo Capital Management Limited (Registered number: 03757478)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Algo Capital Management Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: N J M Kingsbury





SECRETARY: N J M Kingsbury





REGISTERED OFFICE: 3rd Floor
24 Old Bond Street
London
W1S 4BH





REGISTERED NUMBER: 03757478 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Algo Capital Management Limited (Registered number: 03757478)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Cash at bank 39,709 50,457

CREDITORS
Amounts falling due within one year 4 (23,791 ) (31,353 )
NET CURRENT ASSETS 15,918 19,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,918

19,104

CAPITAL AND RESERVES
Called up share capital 35,000 35,000
Retained earnings 5 (19,082 ) (15,896 )
SHAREHOLDERS' FUNDS 15,918 19,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2025 and were signed by:





N J M Kingsbury - Director


Algo Capital Management Limited (Registered number: 03757478)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Algo Capital Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

FOREIGN CURRENCIES
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

DEFERRED TAX
Deferred tax is not recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date as this is considered to be immaterial.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,272 516
Directors' current accounts 22,519 30,837
23,791 31,353

The directors consider the carrying amounts of current liabilities approximate to their fair values.

5. RESERVES
Retained
earnings
£   

At 1 April 2023 (15,896 )
Deficit for the year (3,186 )
At 31 March 2024 (19,082 )

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

Algo Capital Management Limited (Registered number: 03757478)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
N J M Kingsbury
Balance outstanding at start of year (30,837 ) (28,987 )
Amounts advanced 8,318 250
Amounts repaid - (2,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (22,519 ) (30,837 )

7. RELATED PARTY DISCLOSURES

Hedgesoft Limited and Algo Capital Management Limited share a common director, Nick Kingsbury.