ACCOUNTS - Final Accounts preparation

ALETHEA CAPITAL LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-311No description of principal activity2021-01-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07258017 2021-01-01 2021-12-31 07258017 2020-01-01 2020-12-31 07258017 2021-12-31 07258017 2020-12-31 07258017 c:Director1 2021-01-01 2021-12-31 07258017 d:CurrentFinancialInstruments 2021-12-31 07258017 d:CurrentFinancialInstruments 2020-12-31 07258017 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 07258017 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 07258017 d:ShareCapital 2021-12-31 07258017 d:ShareCapital 2020-12-31 07258017 d:RetainedEarningsAccumulatedLosses 2021-12-31 07258017 d:RetainedEarningsAccumulatedLosses 2020-12-31 07258017 c:FRS102 2021-01-01 2021-12-31 07258017 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 07258017 c:FullAccounts 2021-01-01 2021-12-31 07258017 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 07258017

ALETHEA CAPITAL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

ALETHEA CAPITAL LIMITED

REGISTERED NUMBER: 07258017

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2021

		2021		2020
Note		£		£


Current assets
Cash at bank and in hand	4	37,300		33,384
		37,300		33,384
Creditors: amounts falling due within one year	5	(10,242)		(10,079)
Net current assets			27,058		23,305
Total assets less current liabilities			27,058		23,305

Net assets			27,058		23,305

Capital and reserves
Called up share capital	100	100
Profit and loss account	26,958	23,205
	27,058	23,305

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

P P Phillips

Director

Date: 17 June 2022

The notes on pages 2 to 4 form part of these financial statements.

Page 1

ALETHEA CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.	General information

Alethea Capital Limited is a private company limited by shares incorporated in England and Wales.
The Registered Office is 10 Queen Street Place, London, EC4R 1AG and its trading address is 8 Burges
Grove, London, SW13 8BG.
The principal activity of the company is that of the provision of financial consultancy services.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have prepared and assessed the company's business plan and forecasts and consider
it is appropriate to prepare the financial statements on a going concern basis, as the company will
have sufficient resources to remain in business for at least twelve months from the date of the
approval of these financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

ALETHEA CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

4.	Cash and cash equivalents
		2021	2020
		£	£

	Cash at bank and in hand	37,300	33,384

Page 3

ALETHEA CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

5.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Corporation tax	880	986
Accruals and deferred income	9,362	9,093
	10,242	10,079

6.	Controlling party

Mr P P Phillips is the ultimate controlling party.

Page 4