Company Number: 13603256

Analysis Date: 2025-07-29 12:19 UTC

1. Credit Opinion: CONDITIONAL APPROVAL. Aandasphere Ltd is an active private limited company trading in internet retail (SIC 47910) with a relatively short operating history since 2021. The company shows positive net assets and working capital, but the recent increase in current liabilities and a reported loss in the latest year indicate some financial pressure. The absence of an audit and limited disclosure on profitability require ongoing monitoring. The company’s ability to meet debt obligations appears adequate currently, but caution is warranted due to the rising short-term liabilities and operating losses.

2. Financial Strength: The balance sheet shows total assets less current liabilities of £15,774 at 30 September 2024, down slightly from £16,515 in 2023. Shareholders’ funds decreased from £16,415 to £15,674, reflecting a retained loss of £741 in 2024. Fixed assets increased primarily due to revaluation of unlisted investments (£8,971) and intangible assets (£3,176). Current assets total £9,084 with a healthy cash balance of £8,325. However, current liabilities rose significantly from £1,080 to £5,457, driven by an increase in other creditors (£4,377). The net current assets remain positive at £3,627 but have reduced from the prior year (£6,615). The company has no employees and no audit requirement, consistent with its small size.

3. Cash Flow Assessment: Cash on hand of £8,325 provides reasonable liquidity against current liabilities of £5,457, suggesting the company can meet its short-term obligations. Debtors are minimal (£759) and stable year-on-year. The working capital reduction and increased short-term creditors may point to cash flow strain or delayed payments to suppliers. The lack of an income statement filing limits detailed cash flow analysis, but the reported loss and increased creditors suggest potential pressure on operating cash flows. The company’s reliance on investment revaluations rather than trading profits may affect cash generation sustainability.

4. Monitoring Points:

• Track trends in current liabilities and creditor aging to assess short-term liquidity risk.
• Monitor profitability and cash flow from operations as disclosed in future filings.
• Watch for any changes in share capital or shareholder loans that may support liquidity.
• Assess the sustainability of investment valuations, as these significantly impact net assets.
• Review any director or related party transactions for potential financial impact.
• Confirm timely filing of future accounts and confirmation statements to ensure compliance.