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Company No: 08684396 (England and Wales)

# ALDRIDGE CAPITAL LIMITED

### Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

ALDRIDGE CAPITAL LIMITED

## Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

ALDRIDGE CAPITAL LIMITED

## COMPANY INFORMATION

For the financial year ended 31 August 2024
ALDRIDGE CAPITAL LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 August 2024

DIRECTORS | M J Aldridge
| Sir R M Aldridge
| Mr M J Insley (Resigned 30 April 2024)

REGISTERED OFFICE | 2 Leman Street
| London
| E1W 9US
| United Kingdom

COMPANY NUMBER | 08684396 (England and Wales)

ACCOUNTANT | Gravita Business Services II Limited
| Aldgate Tower
| 2 Leman Street
| London
| E1 8FA
| United Kingdom

ALDRIDGE CAPITAL LIMITED

## BALANCE SHEET

As at 31 August 2024
ALDRIDGE CAPITAL LIMITED

## BALANCE SHEET (continued)

As at 31 August 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 6,839,207 |  | 6,926,897
|  | 6,839,207 |  | 6,926,897
Current assets |  |  |  |
Debtors | 4 | 5,360,166 |  | 7,086,381
Cash at bank and in hand |  | 1,286 |  | 130,883
|  | 5,361,452 |  | 7,217,264
Creditors: amounts falling due within one year | 5 | ( 13,983,027) |  | ( 13,622,436)
Net current liabilities |  | (8,621,575) |  | (6,405,172)
Total assets less current liabilities |  | (1,782,368) |  | 521,725
Net (liabilities)/assets |  | ( 1,782,368) |  | 521,725
Capital and reserves |  |  |  |
Called-up share capital |  | 200 |  | 200
Profit and loss account |  | ( 1,782,568 ) |  | 521,525
Total shareholder's (deficit)/funds |  | ( 1,782,368) |  | 521,725

The notes on pages 7 to 10 form part of these accounts.

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

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Aldridge Capital Limited (registered number: 08684396) were approved and authorised for issue by the Board of Directors on 10 October 2025. They were signed on its behalf by:

Sir R M Aldridge Director |

ALDRIDGE CAPITAL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
ALDRIDGE CAPITAL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Aldridge Capital Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.
The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The company has net current liabilities of £8,621,575( 2023: £6,405,172) at the reporting date which suggests that the going concern basis may not be appropriate. However, the directors have given assurance that they will continue to provide support to the company to allow it to continue in operation for the foreseeable future. The directors therefore consider it appropriate to prepare financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Other non-operating loss

The exceptional item are related to fair value adjustment in other investments and write off of related company debt.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a 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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including 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. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 0 |  | 0

#### 3. Fixed asset investments

| 2024 |  | 2023
| £ |  | £
Subsidiary undertakings | 200 |  | 200
Other investments and loans | 6,839,007 |  | 6,926,697
| 6,839,207 |  | 6,926,897

Investments in subsidiaries

| 2024
| £
Cost |
At 01 September 2023 | 200
At 31 August 2024 | 200
Carrying value at 31 August 2024 | 200
Carrying value at 31 August 2023 | 200

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 September 2023 | 6,926,697 |  | 6,926,697
At 31 August 2024 | 6,926,697 |  | 6,926,697
Provisions for impairment |  |  |
At 01 September 2023 | 0 |  | 0
Impairment | 87,690 |  | 87,690
At 31 August 2024 | 87,690 |  | 87,690
Carrying value at 31 August 2024 | 6,839,007 |  | 6,839,007
Carrying value at 31 August 2023 | 6,926,697 |  | 6,926,697

#### 4. Debtors

| 2024 |  | 2023
| £ |  | £
Prepayments | 0 |  | 257,603
VAT recoverable | 2,759 |  | 263
Other debtors | 5,357,407 |  | 6,828,515
| 5,360,166 |  | 7,086,381

#### 5. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Amounts owed to Group undertakings (note 6) | 201,421 |  | 4,641,076
Accruals | 447,928 |  | 1,885
Other creditors | 13,333,678 |  | 8,979,475
| 13,983,027 |  | 13,622,436

#### 6. Related party transactions

The Company has availed of the exemption provided in FRS 102 Section 33 Related Party Disclosures not to disclose transactions entered into with fellow group companies that are wholly owned within the group of companies of which the Company is a wholly owned member.

At the year end the company owed £13,333,679 (2023: £8,979,475) to a director. The balance is included in other creditors.