Andrew Colin Investments Limited - Accounts to registrar (filleted) - small 18.2

Andrew Colin Investments Limited - Accounts to registrar (filleted) - small 18.2

ANDREW COLIN INVESTMENTS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v21.1.0.652 08493690 director 30.7.19 29.7.20 29.7.20 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure084936902019-07-29084936902020-07-29084936902019-07-302020-07-29084936902018-07-29084936902018-07-302019-07-29084936902019-07-2908493690ns16:EnglandWales2019-07-302020-07-2908493690ns15:PoundSterling2019-07-302020-07-2908493690ns11:Director12019-07-302020-07-2908493690ns11:PrivateLimitedCompanyLtd2019-07-302020-07-2908493690ns11:SmallEntities2019-07-302020-07-2908493690ns11:AuditExempt-NoAccountantsReport2019-07-302020-07-2908493690ns11:SmallCompaniesRegimeForDirectorsReport2019-07-302020-07-2908493690ns11:SmallCompaniesRegimeForAccounts2019-07-302020-07-2908493690ns11:FullAccounts2019-07-302020-07-2908493690ns11:RegisteredOffice2019-07-302020-07-2908493690ns6:CurrentFinancialInstruments2020-07-2908493690ns6:CurrentFinancialInstruments2019-07-2908493690ns6:ShareCapital2020-07-2908493690ns6:ShareCapital2019-07-2908493690ns6:RevaluationReserve2020-07-2908493690ns6:RevaluationReserve2019-07-2908493690ns6:RetainedEarningsAccumulatedLosses2020-07-2908493690ns6:RetainedEarningsAccumulatedLosses2019-07-2908493690ns6:CostValuation2019-07-2908493690ns6:AdditionsToInvestments2020-07-2908493690ns6:DisposalsRepaymentsInvestments2020-07-2908493690ns6:RevaluationsIncreaseDecreaseInInvestments2020-07-2908493690ns6:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2020-07-2908493690ns6:CostValuation2020-07-2908493690ns6:RetainedEarningsAccumulatedLosses2019-07-2908493690ns6:RevaluationReserve2019-07-2908493690ns6:RetainedEarningsAccumulatedLosses2019-07-302020-07-29
REGISTERED NUMBER: 08493690 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JULY 2020

FOR

ANDREW COLIN INVESTMENTS LIMITED
ANDREW COLIN INVESTMENTS LIMITED (REGISTERED NUMBER: 08493690)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANDREW COLIN INVESTMENTS LIMITED


COMPANY INFORMATION
FOR THE YEAR ENDED 29 JULY 2020







DIRECTOR: V Gupta





REGISTERED OFFICE: One Gloucester Place
Brighton
East Sussex
BN1 4AA





REGISTERED NUMBER: 08493690 (England and Wales)





ACCOUNTANTS: Cardens Accountants LLP
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ
Page 1
ANDREW COLIN INVESTMENTS LIMITED (REGISTERED NUMBER: 08493690)


BALANCE SHEET
29 JULY 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investments 3 12,267,614 18,863,151

CURRENT ASSETS
Debtors 4 1 1
Cash at bank 13,943,697 9,661,307
13,943,698 9,661,308
CREDITORS
Amounts falling due within one year 5 32,375 254,146
NET CURRENT ASSETS 13,911,323 9,407,162
TOTAL ASSETS LESS CURRENT
LIABILITIES
26,178,937
28,270,313

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 6 3,161,472 3,910,287
Retained earnings 6 23,017,464 24,360,025
SHAREHOLDERS' FUNDS 26,178,937 28,270,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 July 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2021 and were signed by:





V Gupta - Director


The notes form part of these financial statements

Page 2
ANDREW COLIN INVESTMENTS LIMITED (REGISTERED NUMBER: 08493690)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the recognised gains on the sale of investments during the year, dividends and interest due from the investments held. Turnover is recognised when the investment has been fully disposed of or when the other income has been received.

Fixed asset investments
Fixed asset investments are made up of holdings in various trusts and companies. These are included originally at their purchase costs and are revalued monthly to the ascertainable market value.
The movements, due to market value, are taken to the revaluation reserve. Decreases in market value are taken to the revaluation reserve to the extent at which previous increased valuations are available.
Any impairments below the original cost of the investment are taken through the profit and loss account.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

3. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 30 July 2019 18,863,151
Additions 3,034,135
Disposals (10,126,853 )
Revaluations 729,863
Impairments (232,682 )
At 29 July 2020 12,267,614
NET BOOK VALUE
At 29 July 2020 12,267,614
At 29 July 2019 18,863,151

Cost or valuation at 29 July 2020 is represented by:

Other
investments
£   
Valuation in 2014 326,153
Valuation in 2015 1,419,545
Valuation in 2016 4,151,082
Valuation in 2017 5,873,918
Valuation in 2018 4,388,526
Valuation in 2019 2,703,927
Valuation in 2020 (6,595,537 )
12,267,614

Page 3 continued...
ANDREW COLIN INVESTMENTS LIMITED (REGISTERED NUMBER: 08493690)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JULY 2020

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 1 1

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other creditors 28,174 250,000
Accrued expenses 4,201 4,146
32,375 254,146

6. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 30 July 2019 24,360,025 3,910,287 28,270,312
Deficit for the year (1,342,561 ) (1,342,561 )
Revaluation in year - 590,320 590,320
Revaluation on disposal - (1,339,135 ) (1,339,135 )
At 29 July 2020 23,017,464 3,161,472 26,178,936

7. ULTIMATE CONTROLLING PARTY

The controlling party is A J Colin.

Andrew Colin is the controlling party by virtue of his 100% shareholding.

Page 4