Registered number
05430727
Caspian Asset Management Limited
Filleted Accounts
31 August 2024
Caspian Asset Management Limited
Registered number: 05430727
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 96,713 96,927
Current assets
Stocks 1,140,407 1,140,407
Debtors 4 231,922 221,649
Cash at bank and in hand 16,064 29,626
1,388,393 1,391,682
Creditors: amounts falling due within one year 5 (304,289) (324,763)
Net current assets 1,084,104 1,066,919
Total assets less current liabilities 1,180,817 1,163,846
Creditors: amounts falling due after more than one year 6 (10,833) (20,833)
Net assets 1,169,984 1,143,013
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,169,982 1,143,011
Shareholders' funds 1,169,984 1,143,013
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 members have 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.
R Sinha
Director
Approved by the board on 22 May 2025
Caspian Asset Management Limited
Notes to the Accounts
for the year ended 31 August 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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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:
Leasehold land and buildings Not depreciated
Fixtures, fittings and equipment 33% straight line
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those properies which are leasehold and where the unexpired lease term is less than 20 years.

The policy of not depreciating land and buildings does not comply with the current accounting standards. However, an impairment review is undertaken each year, and in the opinion of the directors, the current value of land and buildings is not less than their original cost at which they are included in the financial statements.
Stocks
Stock and work in progress is valued at the lower of cost and net realisable value.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 96,654 2,348 99,002
At 31 August 2024 96,654 2,348 99,002
Depreciation
At 1 September 2023 - 2,075 2,075
Charge for the year - 214 214
At 31 August 2024 - 2,289 2,289
Net book value
At 31 August 2024 96,654 59 96,713
At 31 August 2023 96,654 273 96,927
2024 2023
£ £
Leasehold land and buildings 96,654 96,654
96,654 96,654
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 108,057 110,851
Other debtors and prepayments 123,865 110,798
231,922 221,649
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank and other loans 10,000 10,000
Taxation and social security costs 11,497 8,163
Other creditors and accruals 282,792 306,600
304,289 324,763
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank and other loans 10,833 20,833
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 19,634 10,890
8 Controlling party
The company is a wholly owned subsidiary of JPR Asset Holdings Limited whose registered office is 1 Warstone Drive, West Bromwich, West Midlands, B71 4BH.

The company is under the control of its directors.
9 Other information
Caspian Asset Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 King Street
Mundys
Hereford
Herefordshire
HR4 9BW
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