Angel Capital Management UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12231577 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

ANGEL CAPITAL MANAGEMENT UK LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr R M Hughes

REGISTERED OFFICE:

6th Floor, 30 Panton Street

London

SW1Y 4AJ

REGISTERED NUMBER:

12231577 (England and Wales)

AUDITORS:

Xeinadin Audit Limited, Statutory Auditor

Chartered Accountants

Maple House, Level 5A

149 Tottenham Court Road

London

W1T 7NF

CURRENT ASSETS

Debtors

477,690

483,210

Cash at bank

6,766

484,456

489,976

CREDITORS

Amounts falling due within one year

531,594

NET CURRENT LIABILITIES

(47,138

)

(41,618

)

TOTAL ASSETS LESS CURRENT

LIABILITIES

(47,138

)

(41,618

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(47,139

)

(41,619

)

(47,138

)

(41,618

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2026 and were signed by:

Mr R M Hughes - Director

1.	STATUTORY INFORMATION

Angel Capital Management UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Assessment of going concern

The director has assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The director has made this assessment in respect to a period of one year from the date of approval of these accounts.

At the year end, the company owed £528,294 to its parent company. As at the balance sheet date, the company does not have adequate reserves to settle the loan if required.

Turnover

Turnover comprise company's allocated share of profit/(loss) in Pecten Capital LLP.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans, 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 receipts discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

We draw attention to accounting policy in the financial statements, which indicates that the company does not have the necessary reserves to repay the loan due to its parent. As noted in the accounting policy, these events or conditions 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.

Adam Moody, FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited, Statutory Auditor

5.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £528,294 (2024 - £582,294) to Angel Capital Management S.P.A, a company registered in Italy. Angel Capital Management S.P.A,was the 100% shareholder until 1 August 2021 and once again after 12 March 2024.

At the year end, Pecten Capital LLP, a business of which Angel Capital Management UK Limited is a member, owed £477,690 (2024: £483,210) to the company.

During the period the share of profit from Pecten Capital LLP amounted to a loss of £2,220 (2024 : £5,328).

6.	ULTIMATE CONTROLLING PARTY

At the year end, the immediate and ultimate controlling party was Angel Capital Management S.P.A, a company registered in Italy.