Anlagen Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC467226 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

ANLAGEN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr S J Richards

Ms H Buckmayer

REGISTERED OFFICE:

24A Ainslie Place

Edinburgh

Midlothian

EH3 6AJ

REGISTERED NUMBER:

SC467226 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

Bank of Scotland

8 Morningside Road

Edinburgh

EH10 5QF

FIXED ASSETS

Investments

4

4,274,122

3,931,006

CURRENT ASSETS

Debtors

5

42

39

Cash at bank

116,140

152,592

116,182

152,631

CREDITORS

Amounts falling due within one year

6

3,543,900

3,543,676

NET CURRENT LIABILITIES

(3,427,718

)

(3,391,045

)

TOTAL ASSETS LESS CURRENT LIABILITIES

846,404

539,961

PROVISIONS FOR LIABILITIES

46,218

193,087

NET ASSETS

800,186

346,874

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

488,545

291,510

Retained earnings

311,639

55,362

SHAREHOLDERS' FUNDS

800,186

346,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 June 2022 and were signed on its behalf by:

Dr S J Richards - Director

Ms H Buckmayer - Director

1.	STATUTORY INFORMATION

Anlagen Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£), rounded to the nearest £.

2.	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.

The company meets its day to day working capital requirements through Intercompany loans. They will continue to support the company until sufficient profitability is achieved and on this basis consider it appropriate to prepare the accounts on a going concern basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Listed investments

Fixed asset investments are initially recognised at their transaction value and subsequently measured at their fair value at the balance sheet date using the closing quoted market price. The Income Statement includes the net gains and losses arising on revaluations and disposals throughout the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 April 2021

3,931,006

Additions

99,862

Revaluations

243,254

At 31 March 2022

4,274,122

NET BOOK VALUE

At 31 March 2022

4,274,122

At 31 March 2021

3,931,006

Cost or valuation at 31 March 2022 is represented by:

Listed

investments

£

Valuation in 2018

(20,289

)

Valuation in 2019

5,320

Valuation in 2020

(661,679

)

Valuation in 2021

1,016,249

Valuation in 2022

243,254

Cost

3,691,267

4,274,122

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

42

39

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

140

-

Other creditors

3,543,760

3,543,676

3,543,900

3,543,676

7.	RELATED PARTY DISCLOSURES

Included in Other creditors is a loans due to its parent company amounting to £3,285,000 (2021: £3,285,000). The loan is unsecured, interest free and repayable on demand.