Andrew Colin Investments Limited - Accounts to registrar (filleted) - small 18.2

Andrew Colin Investments Limited - Accounts to registrar (filleted) - small 18.2

ANDREW COLIN INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 08493690 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JULY 2021

FOR

ANDREW COLIN INVESTMENTS LIMITED
ANDREW COLIN INVESTMENTS LIMITED (REGISTERED NUMBER: 08493690)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANDREW COLIN INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 JULY 2021







DIRECTOR: V Gupta





REGISTERED OFFICE: One Gloucester Place
Brighton
East Sussex
BN1 4AA





REGISTERED NUMBER: 08493690 (England and Wales)





ACCOUNTANTS: Cardens Accountants and Business Advisors Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ
Page 1
ANDREW COLIN INVESTMENTS LIMITED (REGISTERED NUMBER: 08493690)

BALANCE SHEET
29 JULY 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investments 3 16,071,712 12,267,614

CURRENT ASSETS
Debtors 4 104,635 1
Cash at bank 3,423,742 13,943,697
3,528,377 13,943,698
CREDITORS
Amounts falling due within one year 5 124,799 32,375
NET CURRENT ASSETS 3,403,578 13,911,323
TOTAL ASSETS LESS CURRENT
LIABILITIES
19,475,290
26,178,937

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 6 6,527,392 3,161,472
Retained earnings 6 12,947,897 23,017,464
SHAREHOLDERS' FUNDS 19,475,290 26,178,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 July 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 April 2022 and were signed by:





V Gupta - Director


The notes form part of these financial statements

Page 2
ANDREW COLIN INVESTMENTS LIMITED (REGISTERED NUMBER: 08493690)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2021

1. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the recognised gains on the sale of investments during the year, dividends and interest due from the investments held. Turnover is recognised when the investment has been fully disposed of or when the other income has been received.

Fixed asset investments
Fixed asset investments are made up of holdings in various trusts and companies. These are included originally at their purchase costs and are revalued monthly to the ascertainable market value.
The movements, due to market value, are taken to the revaluation reserve. Decreases in market value are taken to the revaluation reserve to the extent at which previous increased valuations are available.
Any impairments below the original cost of the investment are taken through the profit and loss account.

2. EMPLOYEES AND DIRECTORS

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

3. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 30 July 2020 12,267,614
Additions 874,696
Revaluations 2,929,402
At 29 July 2021 16,071,712
NET BOOK VALUE
At 29 July 2021 16,071,712
At 29 July 2020 12,267,614

Cost or valuation at 29 July 2021 is represented by:

Other
investments
£   
Valuation in 2014 326,153
Valuation in 2015 1,419,545
Valuation in 2016 4,151,082
Valuation in 2017 5,873,918
Valuation in 2018 4,388,526
Valuation in 2019 2,703,927
Valuation in 2020 (6,595,537 )
Valuation in 2021 3,804,098
16,071,712

Page 3 continued...
ANDREW COLIN INVESTMENTS LIMITED (REGISTERED NUMBER: 08493690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JULY 2021

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors - 1
Tax 104,635 -
104,635 1

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other creditors - 28,174
Accrued expenses 124,799 4,201
124,799 32,375

6. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 30 July 2020 23,017,464 3,161,472 26,178,936
Profit for the year 188,447 188,447
Dividends (10,258,014 ) (10,258,014 )
Revaluation in year - 3,365,920 3,365,920
At 29 July 2021 12,947,897 6,527,392 19,475,289

7. POST BALANCE SHEET EVENTS

Before the balance sheet date and prior to the approval of these accounts an outbreak of COVID-19 virus occurred causing a global pandemic recognized by the World Health Organisation (WHO).

The effect of UK Government measures to limit the spread of the virus have been widespread, urging people to remain at home wherever possible, including to work form home if available and to undertake "social distancing" measures.

This is a non-adjusting disclosure for the Company.

The Directors continue to monitor the situation as it rapidly changes and believe the Company is positioned well to react to further developments.

8. ULTIMATE CONTROLLING PARTY

The controlling party is A J Colin.

Andrew Colin is the controlling party by virtue of his 100% shareholding.

Page 4