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REGISTERED NUMBER: 10338132 (England and Wales)






Financial Statements

for the Year Ended 31 August 2024

for

AMALFI CAPITAL LIMITED

AMALFI CAPITAL LIMITED (REGISTERED NUMBER: 10338132)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AMALFI CAPITAL LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: F Shakhidi
K Shakhidi
T M Pelc





REGISTERED OFFICE: 3 Duke of York Street
London
SW1Y 6JP





REGISTERED NUMBER: 10338132 (England and Wales)





AUDITORS: Pembroke Briggs Chartered Accountants
Beacon House
South Road
Weybridge
Surrey
KT13 9DZ

AMALFI CAPITAL LIMITED (REGISTERED NUMBER: 10338132)

Abridged Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 236,856 -
236,856 -

CURRENT ASSETS
Debtors 78,760 457,479
Investments 30,733 33,886
Cash at bank 269,826 197,643
379,319 689,008
CREDITORS
Amounts falling due within one
year

322,550

169,095
NET CURRENT ASSETS 56,769 519,913
TOTAL ASSETS LESS
CURRENT LIABILITIES

293,625

519,913

CAPITAL AND RESERVES
Called up share capital 104,000 104,000
Retained earnings 189,625 415,913
SHAREHOLDERS' FUNDS 293,625 519,913

AMALFI CAPITAL LIMITED (REGISTERED NUMBER: 10338132)

Abridged Balance Sheet - continued
31 August 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2025 and were signed on its behalf by:





F Shakhidi - Director


AMALFI CAPITAL LIMITED (REGISTERED NUMBER: 10338132)

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


1. STATUTORY INFORMATION

Amalfi Capital 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

AMALFI CAPITAL LIMITED (REGISTERED NUMBER: 10338132)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

The company'spolicies for its major classes of financial assets and financial liabilities are set out below.

Financial assets

Basic financial assets, including trade and other debtors, and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is finances at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.


AMALFI CAPITAL LIMITED (REGISTERED NUMBER: 10338132)

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


2. ACCOUNTING POLICIES - continued
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount woudl have been had the impairment not previously been recognised. The impairment reversal is recognised in the profit and loss.

Derecognition of financial assets and financial liabillities

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical abillity to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities are derecognised when the liabilitiy is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial asssets and financial liabillities

Financial assets and liabilties are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


AMALFI CAPITAL LIMITED (REGISTERED NUMBER: 10338132)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foregin exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilties denominated in foreign currencies are recognised in the profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash, and cash equivalents are presented in the profit and loss account within "finance income or costs." All other foreign exchange gains are presented in the profit or loss within "other operating income."

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

AMALFI CAPITAL LIMITED (REGISTERED NUMBER: 10338132)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the time of approving the financial statements, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the forseeable future. Thus the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Based on management accounts and projections, the Directors anticipate that the Company will achieve sustainable profitability and positive cashflow over the 12 months from the date of approval of the 2024 financial statements. Furthermore, the Director and Shareholders have indicated a willingness to make available continuing financial support to the Company for the forseeable future.

Therefore, after making enquiries and considering the uncertainties described above, the Directors have concluded that there is a reasonable expectation that the Company will have adequate resources to continue in operational existence for the forseeable future, being at least the next 12 months from the date of approval of the 2024 financial statements. Accordingly, the Directors continue to adopt the going concern basis of accounting in preparing these financial statements. The financial statements do not reflect adjustments that would be necessary if the going concern basis was not appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

AMALFI CAPITAL LIMITED (REGISTERED NUMBER: 10338132)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 6,482
Additions 139
At 31 August 2024 6,621
DEPRECIATION
At 1 September 2023 6,482
Charge for year 139
At 31 August 2024 6,621
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 236,856
At 31 August 2024 236,856
NET BOOK VALUE
At 31 August 2024 236,856

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

S Briggs (Senior Statutory Auditor)
for and on behalf of Pembroke Briggs Chartered Accountants

AMALFI CAPITAL LIMITED (REGISTERED NUMBER: 10338132)

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


7. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £236,856 (2023: £nil) due to a director. The loan was provided interest free and was unsecured. There were no formal terms and conditions regarding repayment of the loan.

During the year the company charged total fees of £50,000 (2023: £50,000) to companies in which the directors have significant influence. No amounts were outstanding as at the balance sheet date.

Other debtors due within one year include loans of £nil (2023: £140,000) advanced to a company under common control.