Aylescott Holdings Limited - Period Ending 2021-12-31

Aylescott Holdings Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 4

Aylescott Holdings Limited

Company Information

Director

E Barroll-Brown

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Aylescott Holdings Limited

Statement of Financial Position as at 31 December 2021

	Note	2021 £	2020 £
Fixed assets
Investments	4	524,231	-
Current assets
Debtors	5	272,711	1,000
Cash at bank and in hand		25,050	-
		297,761	1,000
Creditors: Amounts falling due within one year	6	(822,192)	-
Net current (liabilities)/assets		(524,431)	1,000
Net (liabilities)/assets		(200)	1,000
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		(1,200)	-
Shareholders' (deficit)/funds		(200)	1,000

For the financial period ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Approved and authorised by the director on 8 June 2022
 

.........................................

E Barroll-Brown

Director

Company registration number: 11479652

Aylescott Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2020 to 31 December 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of an investment holding company.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Disclosure of long or short period

These financial statements relate to the seventeen month period from 1 August 2020 to 31 December 2021. The comparative figures relate to the year ended 31 July 2020.

Going concern

The company is an investment holding company and has minimal overheads. Additionally at 31 December 2021 an amount of £820,992 was due to the director who has agreed not to call for repayment until such time as the company had sufficient working capital.

Accordingly, on the basis of the above, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and continues to adopt the going concern basis in preparing the financial statements.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Aylescott Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2020 to 31 December 2021

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the period, was 0 (2020 - 0).

4	Investments

	2021 £	2020 £
Investments in associates	524,231	-

Associates	£
Cost
At 1 August 2020	-
Additions	524,231
At 31 December 2021	524,231

5

Debtors

	2021 £	2020 £
Other debtors	272,711	1,000

6

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Other creditors	822,192	-