Almeda (Holdings) Limited - Period Ending 2019-12-31

Almeda (Holdings) Limited - Period Ending 2019-12-31


Almeda (Holdings) Limited 08848914 true 2019-01-01 2019-12-31 2019-12-31 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.26.9041.0 Software true true false true 08848914 2019-01-01 2019-12-31 08848914 2019-12-31 08848914 core:CapitalRedemptionReserve 2019-12-31 08848914 core:RetainedEarningsAccumulatedLosses 2019-12-31 08848914 core:ShareCapital 2019-12-31 08848914 core:CurrentFinancialInstruments core:WithinOneYear 2019-12-31 08848914 bus:SmallEntities 2019-01-01 2019-12-31 08848914 bus:AuditExemptWithAccountantsReport 2019-01-01 2019-12-31 08848914 bus:FullAccounts 2019-01-01 2019-12-31 08848914 bus:SmallCompaniesRegimeForAccounts 2019-01-01 2019-12-31 08848914 bus:RegisteredOffice 2019-01-01 2019-12-31 08848914 bus:Director2 2019-01-01 2019-12-31 08848914 bus:EntityNoLongerTradingButTradedInPast 2019-01-01 2019-12-31 08848914 bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31 08848914 core:Subsidiary1 2019-01-01 2019-12-31 08848914 core:Subsidiary1 countries:AllCountries 2019-01-01 2019-12-31 08848914 countries:AllCountries 2019-01-01 2019-12-31 08848914 core:CostValuation 2018-12-31 08848914 2018-12-31 08848914 core:CurrentFinancialInstruments core:WithinOneYear 2018-12-31 08848914 core:Subsidiary1 2018-01-01 2018-12-31 iso4217:GBP xbrli:pure

Registration number: 08848914

Almeda (Holdings) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2019

 

Almeda (Holdings) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Almeda (Holdings) Limited

(Registration number: 08848914)
Balance Sheet as at 31 December 2019

Note

2019
£

2018
£

Fixed assets

 

Investments

3

1,407,000

1,407,000

Creditors: Amounts falling due within one year

4

(698,328)

(698,328)

Net assets

 

708,672

708,672

Capital and reserves

 

Called up share capital

100

100

Capital redemption reserve

700,000

700,000

Profit and loss account

8,572

8,572

Total equity

 

708,672

708,672

For the financial year ending 31 December 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 October 2020 and signed on its behalf by:
 



..........................................

Mr B G George

Director

 

Almeda (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2019

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Redwood House
Bristol Road
Keynsham
Bristol
BS31 2WB

These financial statements were authorised for issue by the Board on 28 October 2020.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

In light of the rapid global spread of the Coronavirus “COVID-19” in early 2020, the directors have reviewed and stress tested projections and budgets for the next twelve months. Following this review, the directors consider there to be little impact on the Company’s ability to act as a going concern.

The directors have reviewed the supply chains, key customers and the capital resources available and consider that the company has adequate resources in place to continue trading for the next twelve months.

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Almeda (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2019

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 taxable income.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Almeda (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2019

3

Investments

2019
£

2018
£

Investments in subsidiaries

1,407,000

1,407,000

Subsidiaries

£

Cost or valuation

At 1 January 2019 and 31 December 2018

1,407,000

Carrying amount

At 31 December 2019

1,407,000

At 31 December 2018

1,407,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2019

2018

Subsidiary undertakings

Almeda Facilities Limited

Redwood House
65 Bristol Road
Keynsham
Bristol
BS31 2WB

Ordinary

100%

100%

 

UK

     

Subsidiary undertakings

Almeda Facilities Limited

The principal activity of Almeda Facilities Limited is property facilities management..

4

Creditors

Creditors: amounts falling due within one year

Note

2019
£

2018
£

Due within one year

 

Amounts owed to related parties

698,328

696,730

Taxation and social security

 

-

1,598

 

698,328

698,328