Athena Advisers Limited Filleted accounts for Companies House (small and micro)
Athena Advisers Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04648699
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Abridged Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
– |
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Tangible assets |
6 |
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Investments |
7 |
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Current assets
Debtors |
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Cash at bank and in hand |
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– |
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Creditors: amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
21 September 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
04648699
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Notes to the Abridged Financial Statements |
Year ended 31 December 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 45 Holmead Road, London, SW6 2JD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Deferred income
Deferred income is calculated to ensure that income is allocated to the period in which it is earned.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Income tax
Foreign currencies
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Intellectual property |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Motor vehicles |
- |
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Equipment |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
28
(2018:
27
).
5.
Intangible assets
£ |
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Cost |
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At 1 January 2019 and 31 December 2019 |
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Amortisation |
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At 1 January 2019 |
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Charge for the year |
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-------- |
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At 31 December 2019 |
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-------- |
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Carrying amount |
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At 31 December 2019 |
– |
-------- |
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At 31 December 2018 |
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6.
Tangible assets
£ |
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Cost |
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At 1 January 2019 |
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Additions |
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--------- |
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At 31 December 2019 |
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Depreciation |
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At 1 January 2019 |
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Charge for the year |
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At 31 December 2019 |
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Carrying amount |
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At 31 December 2019 |
421,561 |
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At 31 December 2018 |
388,239 |
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7.
Investments
£ |
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Cost |
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At 1 January 2019 |
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Additions |
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At 31 December 2019 |
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Impairment |
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At 1 January 2019 and 31 December 2019 |
– |
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Carrying amount |
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At 31 December 2019 |
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At 31 December 2018 |
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