Company No:
Contents
| DIRECTORS | M J Aldridge |
| Sir R M Aldridge |
| 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 |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 3 |
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| 9,789,706 | 6,839,207 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 5,279,635 | 5,361,452 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (8,740,323) | (8,621,575) | ||
| Total assets less current liabilities | 1,049,383 | (1,782,368) | ||
| Net assets/(liabilities) |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholder's funds/(deficit) |
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Directors' responsibilities:
The financial statements of Aldridge Capital Limited (registered number:
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Sir R M Aldridge
Director |
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.
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, modified to include certain items at fair value, 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 £.
The company has net current liabilities of £8,740,323 (2024: £8,621,575) 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.
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 is recognised when the significant risks and rewards are considered to have been transferred to the customer.
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.
Fixed asset investments are recognised initially at cost and are subsequently measured at cost less any impairment in value. The directors review the carrying value of investments at each reporting date and make an impairment provision where the investment is considered to have fallen in value. Any impairment losses, and any subsequent reversals of impairment losses, are recognised in the profit and loss account.
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.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest 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.
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.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Subsidiary undertakings |
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| Other investments and loans |
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| 9,789,706 | 6,839,207 |
Investments in subsidiaries
| 2025 | |
| £ | |
| Cost | |
| At 01 September 2024 |
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| At 31 August 2025 |
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| Carrying value at 31 August 2025 |
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| Carrying value at 31 August 2024 |
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| Other investments | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 01 September 2024 |
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| Reversal of Impairment |
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| At 31 August 2025 |
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| Carrying value at 31 August 2025 |
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| Carrying value at 31 August 2024 |
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During the year, the directors reviewed the carrying value of the company's investment and believe that a reversal of the impairment undertaken in previous periods is required in the year given the investments performance and other market conditions. Therefore, impairment losses of £2,950,499 recognised in previous years have been reversed, increasing the carrying value of the investment to original cost of £9,789,506.
| 2025 | 2024 | ||
| £ | £ | ||
| VAT recoverable |
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| Other debtors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Amounts owed to Group undertakings |
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| Accruals |
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| Other creditors |
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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 £13,391,351 (2024: £13,333,678) to a director. The balance is included in other creditors.
| 2025 | |
| £ | |
| Reversal Prior years' impairment loss reversal on investment (refer to Note 3) | 2,950,499 |
| Balance written off on dissolution of Aldridge Applications Limited | (2,008) |
| 2,948,491 |
The above items are included within other non-operating income/(loss) in the Profit and Loss account. During the year, the directors review the carrying value of company's investment are and reversed impairment losses of £2,950,499 recognised in previous years based on investment performance and market conditions.