Arthur John Capital Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Arthur John Capital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08665037 . The registered office is 12a St Georges Mansions, Causton Street, London, SW1P 4RZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Presentational Currency

The accounts are presented in and rounded to the nearest £1 sterling.

2.2. Going Concern Disclosure

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33%

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Arthur John Capital Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. 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’s policies for its major classes of financial assets and financial liabilities are set out below.

Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, unless the arrangement constitutes a financing 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, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 financed 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. 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 would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

2.6. Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.

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

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

...CONTINUED

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Arthur John Capital Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8. Preparation of consolidated financial statements

The financial statements contain information about Arthur John Capital Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

2.9. Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 1)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	3,583

As at 31 December 2024	3,583

Depreciation
As at 1 January 2024	2,501
Provided during the period	411

As at 31 December 2024	2,912

Net Book Value
As at 31 December 2024	671

As at 1 January 2024	1,082

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Arthur John Capital Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Investments

	Subsidiaries	Other	Total
	£	£	£
Cost
As at 1 January 2024	1,001	2,222,602	2,223,603
Additions	-	6,176,928	6,176,928
Disposals	-	(855,712 )	(855,712 )
Revaluations	-	(92,830 )	(92,830 )

As at 31 December 2024	1,001	7,450,988	7,451,989

Provision
As at 1 January 2024	-	-	-

As at 31 December 2024	-	-	-

Net Book Value
As at 31 December 2024	1,001	7,450,988	7,451,989

As at 1 January 2024	1,001	2,222,602	2,223,603

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	1,490,459	673,270
Amounts owed by group undertakings	2,244,008	-

	3,734,467	673,270

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	427,116	652
Other creditors	4,495,673	1,970,431
Director's loan account	2,753,515	2,040,718
Amounts owed to group undertakings	1,401,564	250,356

	9,077,868	4,262,157

8. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
70 Ordinary A shares of £ 1.00 each	70	70
30 Ordinary B shares of £ 1.00 each	30	30

	100	100

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Arthur John Capital Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	164,930
Deficit on revaluation	(125,962)

As at 31 December 2024	38,968

10. Related Party Transactions

The company has taken advantage of the exemption available in FRS102 Section 33.1A "Related party disclosures" whereby it has not disclosed transactions with its wholly owned subsidiary.

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		671		1,082
Investments	5		7,451,989		2,223,603

			7,452,660		2,224,685
CURRENT ASSETS
Debtors	6	3,734,467		673,270
Cash at bank and in hand		95,232		2,088,353

		3,829,699		2,761,623
Creditors: Amounts Falling Due Within One Year	7	(9,077,868 )		(4,262,157 )

NET CURRENT ASSETS (LIABILITIES)			(5,248,169 )		(1,500,534 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,204,491		724,151

NET ASSETS			2,204,491		724,151

CAPITAL AND RESERVES
Called up share capital	8		100		100
Revaluation reserve	9		38,968		164,930
Profit and Loss Account			2,165,423		559,121

SHAREHOLDERS' FUNDS			2,204,491		724,151