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Registered number:
FOR THE YEAR ENDED 31 JANUARY 2026
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
COMPANY INFORMATION
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
CONTENTS
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
The directors present their Strategic report for the year ended 31 January 2026.
Change of name
The company passed a written resolution on 22 September 2025 to change its name from Novum Securities Limited to AlbR Capital Limited.
Business review and future developments
Turnover increased by 20% to £1,756,967 (2024 - £1,460,294) notwithstanding the ongoing geopolitical uncertainty and high interest rate environment.
The company generated loss before tax of £72,708 compared to a loss before tax of £339,714 in the prior year. The company's finances remain secure with a healthy surplus of resources over its regulatory financial requirements. The directors intend to review the current business lines with a view to exiting any that do not fit the strategic landscape whilst building on those that do.
The integration of Peterhouse Capital Ltd and Novum Securities Ltd was completed in October 2025, with the latter renamed AlbR Capital Limited. The directors anticipate a period of revenue growth following the successful stabilisation of this business integration.
Principal risks and uncertainties
Risk (both business and financial) is inherent in the company's business and activities. The company's ability to identify, assess, monitor and manage each type of risk is an important factor to the performance and future development of the company.
The principal risks faced by the company are as follows:
Market risk
The most significant areas of market risk to which the company is exposed are price risk, credit risk and liquidity risk. The directors do not believe they have a material exposure to foreign exchange rate risk and interest rate risk.
Interest rate risk
As the company has no borrowings other than an overdraft facility, the risk is limited to the reduction of the interest received on cash surpluses held.
The company's credit risk is primarily attributable to its trade receivables and cash equivalents. The company has implemented policies that require appropriate credit checks on customers and counterparties.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
The company seeks to manage liquidity risk to ensure that sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. The company deems there is sufficient liquidity for the foreseeable future.
Trading liabilities are not analysed by contractual maturity because trading assets and liabilities are typically held for short periods of time.
Regulatory risk and capital risk management
The company is subject to regulatory risk as a result of the need to meet regulatory capital requirements.
The company's objectives when managing capital are to safeguard the company's ability to continue as a going concern in order to provide return for shareholders and maintain an optimal capital structure to reduce the cost of capital.
The company defines capital as being share capital plus reserves. In calculating capital, the company's capital is analysed into Tier 1 capital. Tier 1 capital is the core measure of the company's financial strength from a regulator's point of view. It consists of the types of financial capital considered the most reliable and stable, primarily being shareholders' equity.
Key performance indicators
The directors use a number of different measures to monitor the ongoing performance of the company. These include daily reconciliations of revenue streams, capital adequacy and the firm's liquid resources against budget together with detailed monthly analysis of trading versus budget. These daily snapshots of the business together with the monthly management accounts and the discussion and decisions that result from them are a vital part of the management of the business and the need to mitigate risk whilst maximising the growth and profitability of the business.
As the Board of AlbR Capital Limited, we have a legal responsibility under section 172 of the Companies Act 2006 to act in the way we consider, in good faith, would be most likely to promote the company's success for the benefit of its members as a whole, and to have regard to the long-term effect of our decisions on the company and its stakeholders, and in doing so have regard (amongst other matters) to:
∙The directors have considered the reputation of the company with customers, employees and suppliers in their everyday decision making.
∙The directors have taken into account the financial returns of future business and the best interests of the company when making strategic decisions.
The directors carefully consider the consequences of all projects, ensuring they are fully planned and costed, taking account of the potential financial returns as well as the wider impacts on the business and the environment. In addition, the company's operations continually strive for the minimum environmental impact.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
This report was approved by the board on 28 May 2026 and signed on its behalf.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
The directors present their report and the financial statements for the year ended 31 January 2026.
The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Going concern
The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future and will be able to realise its assets and discharge its liabilities in the normal course of business. The company has incurred a loss of £72,708 (2025 - £339,714) for the year ended 31 January 2026. In addition, there have been delays in the recovery of significant trade receivables totalling £952,575 (2025 - £838,326), some of which remain outstanding beyond agreed credit terms. These events and conditions indicate the existence of a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
∙The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of the financial statements, which indicate that the company will have sufficient resources to meet its obligations as they fall due.
∙Active measures are being taken to recover outstanding debts, including formal repayment plans agreed with major debtors.
∙Cost-saving initiatives have been implemented, including a reduction in discretionary spending and staff restructuring.
While there remains material uncertainty due to the matters described above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting in preparing the financial statements.
The loss for the year, after taxation, amounted to £72,708 (2025 - £339,714).
Dividends paid during the year amounted to £Nil (2024 - £Nil).
Capital Requirements Directive ('CRD') Disclosures required by Pillar 3 of CRD are publicly available from the company's registered office.
The directors who served during the year were:
The company has chosen in accordance with section 414C of the Companies Act 2006, to set out the following information, which would otherwise be included in the Directors' report, in the Strategic report: financial risk management and business review and future developments.
Before the year end, Barnes Roffe LLP resigned as auditors due to the transfer of its audit business and its successor Barnes Roffe Audit Limited was appointed by the directors under s485 Companies Act 2006.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
This report was approved by the board on 28 May 2026 and signed on its behalf.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
We have audited the financial statements of AlbR Capital Limited (formerly known as Novum Securities Limited) (the 'Company') for the year ended 31 January 2026, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We draw attention to note 2.2 in the financial statements, which indicates that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. As stated in note 2.2, these events or conditions, along with other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED) (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED) (CONTINUED)
Auditors' responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law and regulations, was as follows:
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED) (CONTINUED)
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur by:
∙Making enquiries of management as to where they consider there was susceptibility to fraud and their knowledge of actual suspected and alleged fraud;
∙Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;
∙Reviewing the financial statements and testing the disclosures against supporting documentation;
∙Performing analytical procedures to identify any unusual or unexpected trends or anomalies;
∙Inspecting and testing journal entries to identify unusual or unexpected transactions;
∙Assessing whether judgement and assumptions made in determining significant accounting estimates were indicative of management bias; and
∙Investigating the rationale behind significant transactions, or transactions that are unusual or outside the company’s usual course of business.
The areas that we identified as being susceptible to misstatement through fraud were:
∙Management bias in the estimates and judgements made;
∙Management override of controls; and
∙Posting of unusual journals or transactions.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED) (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants & Statutory Auditors
3 Brook Business Centre
Cowley Mill Road
Middlesex
UB8 2FX
28 May 2026
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JANUARY 2026
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
REGISTERED NUMBER: 05879560
STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 May 2026.
The notes on pages 15 to 28 form part of these financial statements.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2026
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
AlbR Capital Limited (formerly known as Novum Securities Limited) is a company limited by shares, incorporated in England and Wales. The address of the registered office is 80 Cheapside, London, England, EC2V 6EE. The company is authorised and regulated by the Financial Conduct Authority ('FCA').
The principal activity of the company is to provide corporate brokerage services, with a focus on stock broking and corporate finance services.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies (see note 3). The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).
This information is included in the consolidated financial statements of CHS Bidco Limited as at 31 January 2026 and these financial statements may be obtained from 80 Cheapside, London, England, EC2V 6EE.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future and will be able to realise its assets and discharge its liabilities in the normal course of business.
The company has incurred a loss of £72,708 (2025 - £339,714) for the year ended 31 January 2026. In addition, there have been delays in the recovery of significant trade receivables totalling £952,575 (2025 - £838,326), some of which remain outstanding beyond agreed credit terms. These events and conditions indicate the existence of a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern. Management’s assessment and mitigating actions
∙The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of the financial statements, which indicate that the company will have sufficient resources to meet its obligations as they fall due.
∙Active measures are being taken to recover outstanding debts, including formal repayment plans agreed with major debtors.
∙Cost-saving initiatives have been implemented, including a reduction in discretionary spending and staff restructuring.
While there remains material uncertainty due to the matters described above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting in preparing the financial statements.
Corporate finance retainer fees are recognised in the year in which they are earned. Corporate finance success fees are recognised on completion of the deal. Stockbrokers commission is recognised upon execution of the trade. In some cases the consideration received is in the form of quoted securities in the client companies. In such cases revenue is recognised at the weighted average bid-price of the security to which the service relates. When consideration is received in warrants on quoted securities, they are recognised at their fair value at the date of receipt using a valuation model.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting date.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
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 the deduction of all its liabilities.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
Basic financial liabilities, which include trade and other payables, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Other financial instruments
Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.
Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
The Group'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 year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost 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. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income 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 Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
Comparable amounts have been restated to reflect a reclassification within other debtors following a review of aged balances. Certain balances previously included within other debtors and outstanding for more than one year have been represented to better reflect their nature and recoverability. This change is presentational only and has no impact on previously reported profits or net assets
Determine whether trade debtors are recoverable. Factors taken into consideration include credit worthiness of clients and expected recovery.
The whole of the turnover relates to the group's principal activity and arose in the United Kingdom.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
10.Taxation (continued)
Future tax charges are anticipated to be affected by the utilisation of losses carried forward. A deferred tax asset has not been recognised in respect of these losses due to uncertainty over the timing of the future utilisation of the losses. There is no expiry date of timing differences of unused tax losses.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
Page 25
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
Profit and loss account
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £9,937 (2025 - £10,828). The balance owing to the pension fund at year end amounted to £2,154 (2025 - £2,106).
There have been no subsequent events that require disclosure or adjustments to the financial statements.
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ALBR CAPITAL LIMITED (FORMERLY KNOWN AS NOVUM SECURITIES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
The immediate parent undertaking is Hyde Park Holdings Limited, a company incorporated in England and Wales, with registered office 80 Cheapside, London, England, EC2V 6EE.
The ultimate parent undertaking is CHS Bidco Limited, a company incorporated in England and Wales, with registered office 80 Cheapside, London, England, EC2V 6EE. The smallest group and largest group where this company’s financial statements are consolidated is CHS Bidco Limited. There is no ultimate
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