Anglo & International Corporate Finance, - Accounts to registrar (filleted) - small 18.2

ANGLO & INTERNATIONAL CORPORATE FINANCE,

LIMITED

Financial Statements

for the Year Ended 30 September 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Stephen Clark

Christopher Howe

Patrick Johnson

Registered office:

Haines Watts

New Derwent House

69 - 73 Theobalds Road

London

WC1X 8TA

Registered number:

02685740 (England and Wales)

Fixed assets

Investments

4

4

4

Current assets

Debtors

5

8,426

8,426

Creditors

Amounts falling due within one year

6

4

4

Net current assets

8,422

8,422

Total assets less current liabilities

8,426

8,426

Capital and reserves

Called up share capital

7

500,000

500,000

Retained earnings

8

(491,574

)

(491,574

)

Shareholders' funds

8,426

8,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 8 January 2022 and were signed on its behalf by:

Patrick Johnson - Director

1.	Statutory information

Anglo & International Corporate Finance, 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.

2.	Accounting policies

Compliance with accounting standards

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Critical accounting judgements and estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical judgements in applying the Company's accounting policies

The Company makes a number of assessments which require judgement in preparing the accounts and can have a significant effect upon the financial statements. However due to the straight forward nature of the Company's business, management does not believe that there are any judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

(b) Key accounting estimates and assumptions

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. However due to the straight forward nature of the Company's business, management does not believe that there are any estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Going concern

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

The current economic conditions present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting in preparing these financial statements.

The directors acknowledge the current outbreak of COVID-19 which is causing economic disruption in most countries and its potentially adverse economic impact on the Company. This is an additional risk factor which could impact the operations of the Company after year end.

The directors are actively monitoring developments closely. Given the nature of the outbreak and the on-going developments, there is a high degree of uncertainty and it is not possible at this time to predict the extent and nature of the overall future impact on the Company.

Financial instruments

The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, and cash and bank balances, are initially recognised at transaction price.

Trade receivables are assets due for services that have been acquired in the ordinary course of business from suppliers. Accounts receivables are classified as current assets if receipt is expected within one year or less. If not, they are presented as non-current assets. Trade receivables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3.	Employees and directors

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

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 October 2020

and 30 September 2021

4

Net book value

At 30 September 2021

4

At 30 September 2020

4

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Anglo Chinese Corporate Finance, Limited

Registered office: New Derwent House, 69-73 Theobalds Road, London, England, WC1X 8TA

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2021

2020

£

£

Aggregate capital and reserves

2

2

Anglo Chinese Securities, Limited

Registered office: New Derwent House, 69-73 Theobalds Road, London, England, WC1X 8TA

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2021

2020

£

£

Aggregate capital and reserves

2

2

5.

Debtors: amounts falling due within one year

2021

2020

£

£

Amounts owed by group undertakings

8,426

8,426

6.

Creditors: amounts falling due within one year

2021

2020

£

£

Accruals and deferred income

4

4

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

500,000

Ordinary Shares

£1

500,000

500,000

8.

Reserves

Retained

earnings

£

At 1 October 2020

(491,574

)

Profit for the year

-

At 30 September 2021

(491,574

)

9.	Ultimate controlling party

The immediate holding company is The Anglo & International Investment Company, Limited, a company incorporated in the Cayman Islands.

The ultimate parent company is Anglo & Overseas Holdings, Limited, a company incorporated in the Cayman Islands.