ALLENBRIDGE ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
The Company has one principal area of business being that of providing independent investment and analytical advice to corporate pension schemes, local government pension schemes and charitable organisations.
The Company is a United Kingdom company limited by shares. It is both incorporated and domiciled in England. The address of its registered office and it’s principle place of business is 8 Old Jewry,London, UK, EC2R 8DN
2.Accounting policies
|
|
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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
The company has made the decision to cease the business during the year. The directors therefore consider it inappropriate to prepare the financial statements on a going concern basis and these financial statements have been prepared on break up basis.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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.
|
The Company has no employees other than the directors, who did not receive any remuneration (2017 - £NIL).
|
|
The average monthly number of employees, including directors, during the year was 0 (2017 - 0).
|
|
Post balance sheet events
|
Subsequent to the balance sheet date, the company ceased it business.
|