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Company Registration No. 11728639 (England and Wales)
AVERROES CAPITAL LIMITED
Financial Statements
for the Period from 01 January 2024 to 31 December 2024

AVERROES CAPITAL LIMITED

Financial Statements for the period ending 31 December 2024

AVERROES CAPITAL LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

1. Statutory Information
AVERROES CAPITAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11728639.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Revenue is recognised to the extent that it is probable that the economic benefit will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable excluding VAT and is recognised on an accrual basis

AVERROES CAPITAL LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

Tangible Fixed Asset Policy
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.Depreciation is provided on the following basis: Computer equipment – 3-year straight lineOffice equipment and fit out – 3-year straight lineThe assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

AVERROES CAPITAL LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 8
2023 8
4. Principal Activity
The principal activity of the company continues to be providing advisory services to private equity investors

AVERROES CAPITAL LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

5. Fixed Assets
Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £
At 01/01/2024 55,772 30,535 86,307
Additions - 4,306 4,306
At 31/12/2024 55,772 34,841 90,613
Depreciation
At 01/01/2024 20,013 16,879 36,892
Charge for the year 18,768 10,351 29,119
At 31/12/2024 38,781 27,230 66,011
Net Book Value
At 31/12/2024 16,991 7,611 24,602
At 31/12/2023 35,759 13,656 49,415