Indorama International Finance Limited - Accounts to registrar (filleted) - small 18.2
Indorama International Finance Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 |
| FOR |
| INDORAMA INTERNATIONAL FINANCE LIMITED |
| INDORAMA INTERNATIONAL FINANCE LIMITED (REGISTERED NUMBER: 01826640) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| INDORAMA INTERNATIONAL FINANCE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Amchins Limited |
| 23 Northiam |
| Woodside Park |
| London |
| N12 7ET |
| INDORAMA INTERNATIONAL FINANCE LIMITED (REGISTERED NUMBER: 01826640) |
| ABRIDGED BALANCE SHEET |
| 31 DECEMBER 2020 |
| 2020 | 2019 |
| Notes | $ | $ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Retained earnings | 6 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| INDORAMA INTERNATIONAL FINANCE LIMITED (REGISTERED NUMBER: 01826640) |
| ABRIDGED BALANCE SHEET - continued |
| 31 DECEMBER 2020 |
| 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 |
| INDORAMA INTERNATIONAL FINANCE LIMITED (REGISTERED NUMBER: 01826640) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| 1. | STATUTORY INFORMATION |
| Indorama International Finance Limited is a |
| The presentation currency of the financial statements is the US Dollar ($). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the historical cost convention and prepared in US Dollar ($) which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest $. |
| The financial statements of Indorama International Finance Limited are prepared in accordance with FRS 102, The financial Reporting Standard applicable in the UK and Republic of Ireland. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investments held as fixed assets are stated at cost less any amounts written off for permanent diminution in the value of these investments. Any dividends received from investments are included in the profit and loss account. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2019 - NIL). |
| INDORAMA INTERNATIONAL FINANCE LIMITED (REGISTERED NUMBER: 01826640) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| 4. | FIXED ASSET INVESTMENTS |
| Information on investments other than loans is as follows: |
| Totals |
| $ |
| COST |
| At 1 January 2020 |
| and 31 December 2020 | 6,005,235 |
| NET BOOK VALUE |
| At 31 December 2020 | 6,005,235 |
| At 31 December 2019 | 6,005,235 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: Indonesia |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2020 | 2019 |
| $ | $ |
| Aggregate capital and reserves |
| Loss for the year | ( |
) | ( |
) |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | $ | $ |
| ORDINARY | £1 | 6,071,626 | 6,071,626 |
| 6. | RESERVES |
| Retained |
| earnings |
| $ |
| At 1 January 2020 | ( |
) |
| Deficit for the year | ( |
) |
| At 31 December 2020 | ( |
) |