ACCOUNTS - Final Accounts preparation

ASI LONDON I HOLDINGS LIMITED - Company Information

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Registered number: 12213057

ASI LONDON I HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2019

ASI LONDON I HOLDINGS LIMITED

REGISTERED NUMBER: 12213057

BALANCE SHEET

AS AT 31 DECEMBER 2019

		2019
Note		£

Fixed assets
Investments	5		51
			51
Current assets
Debtors: amounts falling due within one year	6	100
		100
Creditors: amounts falling due within one year	7	(51)
Net current assets			49
Total assets less current liabilities			100

Net assets			100

Capital and reserves
Called up share capital			100
			100

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ASI LONDON I HOLDINGS LIMITED

REGISTERED NUMBER: 12213057

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2019

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A K Chadwick-Jones

Director

Date: 15 December 2020

The notes on pages 3 to 5 form part of these financial statements.

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ASI LONDON I HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2019

1.	General information

ASI London I Holdings Limited is a private company limited by shares incorporated in England and Wales in the United Kingdom. The address of the registered office is 1 Welbeck Street, London, W1G 0AR.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.
The company was incorporated on 18 September 2019, these financial statements cover the period from the date of incorporation to the listed period end date. This period end was determined to bring the company year end in line with that of the wider group.

2.Accounting policies

2.1

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.3

Debtors

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.

2.4

Creditors

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.

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ASI LONDON I HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2019

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements, other than those disclosed in note 2 above.

Employees

The average monthly number of employees, including directors, during the period was 3.

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	51
	At 31 December 2019	51

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ASI LONDON I HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2019

Debtors

					2019
					£


	Amounts owed by group undertakings	100
		100

7.	Creditors: Amounts falling due within one year
		2019
		£

	Amounts owed to group undertakings	51
		51

8.	Controlling party

The immediate parent company is ASI Welbeck Holdings Limited. The ultimate parent company and controlling party, and the parent of both the largest and smallest group for which consolidated accounts are available, is Ambulatory Surgery International Limited. Both companies are registered in England and Wales, at 1 Welbeck Street, London, W1G 0AR.

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