ACCOUNTS - Final Accounts

ARMSTRONG CENTRE COMPANY LIMITED(THE) - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 442021-04-01truefalseHolding CompanytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02021951 2021-04-01 2022-03-31 02021951 2020-04-01 2021-03-31 02021951 2022-03-31 02021951 2021-03-31 02021951 c:Director6 2021-04-01 2022-03-31 02021951 d:ShareCapital 2022-03-31 02021951 d:ShareCapital 2021-03-31 02021951 d:RetainedEarningsAccumulatedLosses 2022-03-31 02021951 d:RetainedEarningsAccumulatedLosses 2021-03-31 02021951 c:FRS102 2021-04-01 2022-03-31 02021951 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 02021951 c:FullAccounts 2021-04-01 2022-03-31 02021951 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 02021951 d:Subsidiary1 2021-04-01 2022-03-31 02021951 d:Subsidiary1 1 2021-04-01 2022-03-31 02021951 d:Subsidiary2 2021-04-01 2022-03-31 02021951 d:Subsidiary2 1 2021-04-01 2022-03-31 02021951 d:Subsidiary3 2021-04-01 2022-03-31 02021951 d:Subsidiary3 1 2021-04-01 2022-03-31 02021951 6 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 02021951

THE ARMSTRONG CENTRE COMPANY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 March 2022

THE ARMSTRONG CENTRE COMPANY LIMITED

Registered number: 02021951

BALANCE SHEET

As at 31 March 2022

	2022	2021
Note	£	£

Fixed assets
Investments	4	50	50
		50	50

Total assets less current liabilities		50	50

Net assets		50	50

Capital and reserves
Called up share capital	17	17
Profit and loss account	33	33
	50	50

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 December 2022.

P Frew

Director

The notes on pages 2 to 3 form part of these financial statements.

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THE ARMSTRONG CENTRE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2022

1.	General information

The Armstrong Centre Company Limited is a company with limited liability by shares incorporated in England and Wales company number 02021951.
The address of its registered office is Democratic Services Division, Newcastle City Council, Newcastle upon Tyne, Tyne and Wear, NE99 2BN.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Going concern

The company has been financed through the capital introduced by its shareholders and by profits generated by its subsidiary. The company's only activity is to act as a conduit passing dividends from the subsidiary to the ultimate shareholders. The subsidiary's forecasts show that it will continue to generate profits and the directors consider it appropriate to prepare the financial statements of this company on the going concern basis.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 4 (2021 - 4).

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THE ARMSTRONG CENTRE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2022

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2021	50
	At 31 March 2022	50

Subsidiary undertakings
The following were subsidiary undertakings of the Company: (* denotes shareholding held indirectly)
Name	Registered office	Principal activity	Class of shares	Holding

Tynexe Limited	Democratic Services Division, Newcastle City Council, Newcastle upon Tyne, NE99 2BN	Letting of individual units on the Armstrong Centre site of Elswick, Newcastle upon Tyne	Ordinary	50%
Tynexe Residential Limited *	Ditto	Social and market housing development	Ordinary	100%
Tynexe Commercial Limited *	Ditto	Commercial Property Development	Ordinary	100%

The aggregate of the share capital and reserves as at 31 March 2022 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
Name	Aggregate of share capital and reserves	Profit/(Loss)
	£	£

Tynexe Limited	8,213,557	2,004,463
Tynexe Residential Limited *	(23,456)	(2,407)
Tynexe Commercial Limited *	(285,547)	(124,007)

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