Asset Match Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07681197 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

ASSET MATCH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Lucas

I Baillie

M Rees-Mogg

M Wilson

REGISTERED OFFICE:

New Broad Street House

35 New Broad Street

London

EC2M 1NH

REGISTERED NUMBER:

07681197 (England and Wales)

AUDITORS:

CBHC Limited

Suite 3, The Hamilton Centre

Rodney Way

Chelmsford

Essex

CM1 3BY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

49,286

60,434

Investments

6

134,515

134,515

183,801

194,949

CURRENT ASSETS

Debtors

7

55,420

104,308

Cash at bank

379,179

303,157

434,599

407,465

CREDITORS

Amounts falling due within one year

8

206,304

195,433

NET CURRENT ASSETS

228,295

212,032

TOTAL ASSETS LESS CURRENT LIABILITIES

412,096

406,981

CREDITORS

Amounts falling due after more than one year

9

240,000

510,359

NET ASSETS/(LIABILITIES)

172,096

(103,378

)

CAPITAL AND RESERVES

Called up share capital

10

231

219

Share premium

3,560,422

3,380,434

Retained earnings

(3,388,557

)

(3,484,031

)

SHAREHOLDERS' FUNDS

172,096

(103,378

)

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 September 2022 and were signed on its behalf by:

S J Lucas - Director

1.	STATUTORY INFORMATION

Asset Match Limited is a private company, limited by shares , registered in England and Wales. 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 (£).

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.

The company continues to invest in development and expects to continue to make a profit. The directors confirm that they will continue to support the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets

The company purchased a licence to operate the share trading platform. This licence is to be amortised on a straight line basis over 5 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 10% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Investments comprise investments in unquoted equity instruments which are measured at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2021

and 31 December 2021

100,000

AMORTISATION

At 1 January 2021

and 31 December 2021

100,000

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

299,285

Additions

27,420

At 31 December 2021

326,705

DEPRECIATION

At 1 January 2021

238,851

Charge for year

38,568

At 31 December 2021

277,419

NET BOOK VALUE

At 31 December 2021

49,286

At 31 December 2020

60,434

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2021

and 31 December 2021

134,515

NET BOOK VALUE

At 31 December 2021

134,515

At 31 December 2020

134,515

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/21

31/12/20

£

£

Trade debtors

49,700

66,875

Other debtors

5,720

37,433

55,420

104,308

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/21

31/12/20

£

£

Trade creditors

38,057

68,824

Taxation and social security

33,087

10,705

Other creditors

135,160

115,904

206,304

195,433

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/21

31/12/20

£

£

Other creditors

240,000

510,359

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31/12/21

31/12/20

value:

£

£

2,189,421

Share capital 1

0.000

1

231

219

120,000 Ordinary shares of 0.0001 each were allotted at a premium of 1.4999 per share during the year.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

P Sartain (FCCA) (Senior Statutory Auditor)

for and on behalf of CBHC Limited

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed S Lucas £240,000 (2020: £510,359).

13.	RELATED PARTY DISCLOSURES

During the year, £120,000 of the loan owed to S Lucas was converted into 80,000 shares at £1.50 per share.

During the year, I Baillie purchased 40,000 shares at £1.50 per share.

14.	ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the period.