Active Value Capital Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12207584 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

ACTIVE VALUE CAPITAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D A J Wise

Mr PA Bach

REGISTERED OFFICE:

7a Dartmouth Road

Paignton

Devon

TQ4 5AA

REGISTERED NUMBER:

12207584 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

7a Dartmouth Road

Paignton

Devon

TQ4 5AA

BANKERS:

Metro Bank

One Southampton Row

London

WC2B 5HA

FIXED ASSETS

Tangible assets

4

571

857

CURRENT ASSETS

Debtors

5

3,732

3,948

Cash at bank

156,722

133,170

160,454

137,118

CREDITORS

Amounts falling due within one year

6

119,406

87,899

NET CURRENT ASSETS

41,048

49,219

TOTAL ASSETS LESS CURRENT LIABILITIES

41,619

50,076

CREDITORS

Amounts falling due after more than one year

7

(38,432

)

(47,500

)

PROVISIONS FOR LIABILITIES

(163

)

(163

)

NET ASSETS

3,024

2,413

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,924

2,313

SHAREHOLDERS' FUNDS

3,024

2,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2022 and were signed on its behalf by:

Mr PA Bach - Director

Mr D A J Wise - Director

1.	STATUTORY INFORMATION

Active Value Capital Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2020

and 30 September 2021

1,143

DEPRECIATION

At 1 October 2020

286

Charge for year

286

At 30 September 2021

572

NET BOOK VALUE

At 30 September 2021

571

At 30 September 2020

857

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

2,400

2,400

Prepayments

1,332

1,548

3,732

3,948

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

10,000

2,500

Amounts owed to group undertakings

85,000

68,423

Tax

20,196

11,300

VAT

2,025

1,434

Directors' current accounts

-

2,108

Accrued expenses

2,185

2,134

119,406

87,899

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 2-5 years

38,432

47,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

48,432

50,000

The Bounce Back Loan of £48,333 is fully secured by the government.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 September 2021 and the period ended 30 September 2020:

2021

2020

£

£

Mr PA Bach

Balance outstanding at start of year

(1,544

)

-

Amounts advanced

1,544

-

Amounts repaid

-

(1,544

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(1,544

)

Mr D A J Wise

Balance outstanding at start of year

(564

)

-

Amounts advanced

564

-

Amounts repaid

-

(564

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(564

)

Loans are interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

The company owed £ 42,500 to Embleton Asset Management Ltd, a shareholder in Active Value Capital Ltd and a company controlled by Mr P Bach a director of Active Value Capital Ltd.

The company owed £42,500 to Cozy Calico Ltd ,a shareholder in Active Value Capital Ltd and a company controlled by Mr D Wise, a director of Active Value Capital Ltd.