ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

ANGEL HOLDINGS LIMITED - Company Information

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Caseware UK (AP4) 2019.0.131 2019.0.131 2020-08-312020-08-3122019-09-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01869766 2019-09-01 2020-08-31 01869766 2018-09-01 2019-08-31 01869766 2020-08-31 01869766 2019-08-31 01869766 c:Director1 2019-09-01 2020-08-31 01869766 d:CurrentFinancialInstruments 2020-08-31 01869766 d:CurrentFinancialInstruments 2019-08-31 01869766 d:ShareCapital 2020-08-31 01869766 d:ShareCapital 2019-08-31 01869766 d:RetainedEarningsAccumulatedLosses 2020-08-31 01869766 d:RetainedEarningsAccumulatedLosses 2019-08-31 01869766 c:FRS102 2019-09-01 2020-08-31 01869766 c:AuditExempt-NoAccountantsReport 2019-09-01 2020-08-31 01869766 c:FullAccounts 2019-09-01 2020-08-31 01869766 c:PrivateLimitedCompanyLtd 2019-09-01 2020-08-31 01869766 d:Subsidiary1 2019-09-01 2020-08-31 01869766 d:Subsidiary1 1 2019-09-01 2020-08-31 01869766 d:Subsidiary2 2019-09-01 2020-08-31 01869766 d:Subsidiary2 1 2019-09-01 2020-08-31 01869766 6 2019-09-01 2020-08-31 iso4217:GBP xbrli:pure

Registered number: 01869766









ANGEL HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020
 
ANGEL HOLDINGS LIMITED
REGISTERED NUMBER: 01869766

BALANCE SHEET
AS AT 31 AUGUST 2020

2020
2019
Note
£
£

Fixed assets
  

Investments
 4 
200
200

Current assets
  

Debtors: amounts falling due within one year
 5 
22,301
22,301

Total assets less current liabilities
  
 
 
22,501
 
 
22,501

  

Net assets
  
22,501
22,501


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
22,201
22,201

  
22,501
22,501


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 year 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 comprehensive income 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 on 22 December 2020.




H F Adu
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1
 
ANGEL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

1.


General information

Angel Holdings Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company’s registered office is 64 New Cavendish Street, London W1G 8TB. 

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 following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors consider it appropriate to prepare the financial statements on a going concern basis. Potential sources of uncertainty noted by the directors include the COVID-19 pandemic. However, at the date of this report it is not possible to reliably determine the effects that this will have on the company. Accordingly, the directors have continued to prepare the financial statements on the going concern basis.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2019 - 2).

Page 2
 
ANGEL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 September 2019
200



At 31 August 2020
200





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

Angel Music Limited
Ordinary
100%
Angelprop Limited
Ordinary
100%

The aggregate of the share capital and reserves as at 31 August 2020 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Angel Music Limited
2,025,279
525,629

Angelprop Limited
1,084,073
278,505

Page 3
 
ANGEL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

5.


Debtors

2020
2019
£
£


Amounts owed by group undertakings
22,301
22,301


Page 4