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Registration number: 14613307

Angular Group Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Angular Group Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Angular Group Limited

Company Information

Director

S N Bryant

Registered office

Second Floor Ariel House
74a Charlotte Street
London
W1T 4QJ

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Angular Group Limited

Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

381,513

-

Investments

5

7,179

7,179

 

388,692

7,179

Current assets

 

Debtors

6

721,252

260,406

Cash at bank and in hand

 

81,650

25,310

 

802,902

285,716

Creditors: Amounts falling due within one year

7

(1,037,828)

(104,840)

Net current (liabilities)/assets

 

(234,926)

180,876

Net assets

 

153,766

188,055

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

152,766

187,055

Shareholders' funds

 

153,766

188,055

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

 

Angular Group Limited

Statement of Financial Position as at 31 December 2024

Approved and authorised by the director on 11 June 2025
 

.........................................

S N Bryant

Director

Company registration number: 14613307

 

Angular Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Second Floor Ariel House
74a Charlotte Street
London
W1T 4QJ

The principal activity of the company is that of an investment holding company.

2

Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Group accounts not prepared

In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 399 of the Companies Act 2006 not to prepare group accounts.

Disclosure of long or short period

These financial statements relate to the year ended 31 December 2024. The comparatives relate to the period from 24 January 2023 to 31 December 2023.

Going concern

The company made a loss for the year ended 31 December 2024 but had net assets at that date of £153,766 including cash at bank amounting to £81,650.

Subsequent to 31 December 2024, the company continues to receive management income from the subsidiary undertakings sufficient to meet its working capital requirements.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

 

Angular Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33% - 100% Straight line

Leasehold improvements

Over the lease term

Investments in group undertakings

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Angular Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

4

Tangible assets

Leasehold improvements
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

358,847

51,066

409,913

At 31 December 2024

358,847

51,066

409,913

Depreciation

Charge for the year

21,599

6,801

28,400

At 31 December 2024

21,599

6,801

28,400

Carrying amount

At 31 December 2024

337,248

44,265

381,513

5

Investments

2024
£

2023
£

Investments in subsidiaries

7,179

7,179

Subsidiaries

£

Cost or valuation

At 1 January 2024 and 31 December 2024

7,179

Carrying amount

At 31 December 2024

7,179

At 31 December 2023

7,179

 

Angular Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Debtors

2024
£

2023
£

Amounts owed by group undertakings

139,272

260,406

Other debtors

581,980

-

721,252

260,406

Other debtors includes an amount of £453,600 (2023 - £Nil) recoverable in greater than one year.

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

49,109

73,416

Amounts owed to group undertakings

704,577

-

Taxation and social security

-

27,915

Accruals and deferred income

38,356

3,509

Other creditors

245,786

-

1,037,828

104,840

8

Financial commitments

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £1,944,542 (2023 - £Nil).

9

Related party transactions

Exemption is taken under FRS102 paragraph 1AC.35 not to disclose transactions or amounts falling due with companies wholly owned within the group.