Almeda (Holdings) Limited - Period Ending 2021-12-31

Almeda (Holdings) Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Almeda (Holdings) Limited

(Registration number: 08848914)
Balance Sheet as at 31 December 2021

	Note	2021 £	2020 £
Fixed assets
Investments	4	1,407,000	1,407,000
Creditors: Amounts falling due within one year	5	(698,328)	(698,328)
Net assets		708,672	708,672
Capital and reserves
Called up share capital		100	100
Capital redemption reserve		700,000	700,000
Profit and loss account		8,572	8,572
Total equity		708,672	708,672

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 September 2022 and signed on its behalf by:
 

Mr B G George Director

Almeda (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1	General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Unit 5.1
The Paintworks
Bath Road, Arnos Vale
Bristol
BS4 3EH

These financial statements were authorised for issue by the Board on 27 September 2022.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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 that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

In light of the rapid global spread of the Coronavirus “COVID-19” in early 2020, the directors have reviewed and stress tested projections and budgets for the next twelve months. Following this review, the directors consider there to be little impact on the Company’s ability to act as a going concern.

The directors have reviewed the supply chains, key customers and the capital resources available and consider that the company has adequate resources in place to continue trading for the next twelve months.

The financial statements have been prepared on a going concern basis.

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.

Almeda (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 0 (2020 - 0).

Almeda (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

4	Investments

	2021 £	2020 £
Investments in subsidiaries	1,407,000	1,407,000

Subsidiaries	£
Cost or valuation
At 1 January 2021	1,407,000
Provision
Carrying amount
At 31 December 2021	1,407,000
At 31 December 2020	1,407,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2021	2020
Subsidiary undertakings
Almeda Facilities Limited	Unit 5.1 The Paintworks Bath Road, Arnos Vale Bristol BS4 3EH	Ordinary	100%	100%
	UK

Subsidiary undertakings

Almeda Facilities Limited The principal activity of Almeda Facilities Limited is property facilities management.

5

Creditors

Due within one year	Note	2021 £	2020 £
Amounts due to related parties		698,328	698,328