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Company Registration No. 11590861 (England and Wales)
Multi Asset Alternative Performance Ltd Unaudited accounts for the year ended 31 October 2024
Multi Asset Alternative Performance Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Multi Asset Alternative Performance Ltd Company Information for the year ended 31 October 2024
Directors
Ben Jacobs Stephanie Jacobs
Company Number
11590861 (England and Wales)
Registered Office
27 Old Gloucester Street London WC1N 3AX England
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Multi Asset Alternative Performance Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
4,494 
5,966 
Current assets
Debtors
5
3,667,819 
6,506,585 
Cash at bank and in hand
773,801 
1,389,949 
4,441,620 
7,896,534 
Creditors: amounts falling due within one year
6
1,943,698 
(2,047,015)
Net current assets
6,385,318 
5,849,519 
Net assets
6,389,812 
5,855,485 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,389,712 
5,855,385 
Shareholders' funds
6,389,812 
5,855,485 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by
Ben Jacobs Director Company Registration No. 11590861
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Multi Asset Alternative Performance Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Multi Asset Alternative Performance Ltd is a private company, limited by shares, registered in England and Wales, registration number 11590861. The registered office is 27 Old Gloucester Street, London, WC1N 3AX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Computer equipment
25% Reducing balance
Comparative prior year adjustment
During the year ended 31 October 2024, the directors reached an understanding with HMRC in relation to a tax planning arrangement undertaken in prior accounting periods based on external advice. Following a review of the circumstances, the directors concluded that the original accounting treatment did not reflect the substance of the arrangement under applicable tax law. The arrangement had previously been accounted for on the basis that no tax liability would arise. As a result of HMRC’s challenge, the company has recognised that the following adjustments were required to correct the prior period misstatement: Effect on the balance sheet Directors’ loan account increase of £6,693,007 Corporation tax creditor increase of £1,838,701 Accruals increase of £31,000 Net impact on retained earnings increase of £4,821,306 These adjustments have been treated as a prior period error in accordance with FRS 102 Section 10. Comparative figures for the affected periods have been restated to reflect the correction of the misstatement. The overall effect has been to increase retained earnings and to increase tax liabilities in the relevant prior years.
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Multi Asset Alternative Performance Ltd Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
14,355 
320 
14,675 
At 31 October 2024
14,355 
320 
14,675 
Depreciation
At 1 November 2023
8,586 
123 
8,709 
Charge for the year
1,442 
30 
1,472 
At 31 October 2024
10,028 
153 
10,181 
Net book value
At 31 October 2024
4,327 
167 
4,494 
At 31 October 2023
5,769 
197 
5,966 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
3,667,819 
6,506,585 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
(1,982,699)
2,016,015 
Accruals
39,001 
31,000 
(1,943,698)
2,047,015 
7
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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