Interstate UK Holdco Limited - Accounts to registrar (filleted) - small 18.2
Interstate UK Holdco Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2020 |
for |
Interstate UK Holdco |
Limited |
Interstate UK Holdco |
Limited (Registered number: 08593653) |
Contents of the Financial Statements |
for the Year Ended 31 December 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Interstate UK Holdco |
Limited |
Company Information |
for the Year Ended 31 December 2020 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Chartered Accountants |
Statutory Auditor |
25 Sandyford Place |
Glasgow |
G3 7NG |
Interstate UK Holdco |
Limited (Registered number: 08593653) |
Balance Sheet |
31 December 2020 |
2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDER FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Interstate UK Holdco |
Limited (Registered number: 08593653) |
Notes to the Financial Statements |
for the Year Ended 31 December 2020 |
1. | STATUTORY INFORMATION |
Interstate UK Holdco Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Interstate UK Holdco Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Aimbridge Acquisition Co, Inc., 5851 Legacy Circle, Suite 400, Plano, TX 75024. |
Significant judgements and estimates |
In the application of the group's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may vary from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimated are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
Investments in subsidiaries |
Investments in subsidiary undertakings are carried at cost less impairment. Where, in the opinion of the Directors, there is evidence to suggest impairment of investments in subsidiary undertakings, they estimate the value of the asset with reference to a multiple of achievable earnings. |
Financial instruments |
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. |
Interstate UK Holdco |
Limited (Registered number: 08593653) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
2. | ACCOUNTING POLICIES - continued |
Loans and borrowings |
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method less impairment. If an arrangement constitutes a finance transaction it is measured at present value. |
Grant income |
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the Statement of Income & Retained Earnings over the same period as the expense it is intended to compensate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2019 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2020 |
Additions |
At 31 December 2020 |
NET BOOK VALUE |
At 31 December 2020 |
At 31 December 2019 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
Other creditors |
Interstate UK Holdco |
Limited (Registered number: 08593653) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2020 | 2019 |
£ | £ |
Amounts owed to group undertakings |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
Ordinary | £1 | 11,349,484 | 5,771,411 |
5,578,073 Ordinary shares of £1 each were allotted and fully paid for |
There is one class of ordinary share which carried full voting rights but no right to fixed income or repayment of capital.. |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | RELATED PARTY DISCLOSURES |
The company is exempt from the requirement to disclose transactions and balances with fellow group members as the results of all relevant parties have been included in the consolidated accounts of Aimbridge Acquisition, Inc., a Texas corporation. |
11. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
12. | POST BALANCE SHEET EVENTS |
On 31 March 2021, the company issued 850,000 shares at par value of £1. At the same time it made a capital contribution of the same amount to its subsidiary, Interstate United Kingdom Management Limited. |
The financial effects of these transactions have not been recognised as at 31 December 2020, given the effective date of the transactions is in the next financial period. |
Interstate UK Holdco |
Limited (Registered number: 08593653) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
13. | ULTIMATE CONTROLLING PARTY |
The company is a wholly owned subsidiary of Interstate Europe S.A.R.L a company registered in the Grand Duchy of Luxembourg. The results of the company have been included in the consolidated accounts of a US company, Aimbridge Acquisition Co, Inc |
Copies of the group financial statements of Aimbridge Acquisition Co, Inc, are available from 5851 Legacy Circle, Suite 400, Plano, TX 75024. |
The ultimate controlling party is Aimbridge Group Holdings L.P, a US registered entity. |