ADVANCED APPRAISAL (UK) LIMITED - Period Ending 2021-12-31

ADVANCED APPRAISAL (UK) LIMITED - Company Information

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Registration number: 07840249

ADVANCED APPRAISAL (UK) LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2021

ADVANCED APPRAISAL (UK) LIMITED

Contents

Company Information	1
Director's Report	2
Profit and Loss Account	3
Statement of Comprehensive Income	4
Balance Sheet	5
Statement of Changes in Equity	6
Notes to the Unaudited Financial Statements	7 to 10
Detailed Profit and Loss Account	11 to 12

ADVANCED APPRAISAL (UK) LIMITED

Company Information

Director

Ms Andreea Ecaterina Mocanu

Company secretary

Mrs Andreea Ecaterina Mocanu

Registered office

3 The Shrubberies
George Lane
London
E18 1BD

Accountants

Accounting 2 Trend Ltd
3 The Shrubberies
George Lane
London
E18 1BD

ADVANCED APPRAISAL (UK) LIMITED

Director's Report for the Year Ended 31 December 2021

The director presents her report and the financial statements for the year ended 31 December 2021.

Director of the company

The director who held office during the year was as follows:

Ms Andreea Ecaterina Mocanu

Principal activity

The principal activity of the company is that of an investment holding company.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 16 February 2023

.........................................
Ms Andreea Ecaterina Mocanu
Director

ADVANCED APPRAISAL (UK) LIMITED

Profit and Loss Account for the Year Ended 31 December 2021

	Note	2021 $	2020 $
Turnover		-	-
Gross profit/(loss)		-	-
Administrative expenses		(4,836)	(1,131)
Operating loss		(4,836)	(1,131)
Loss before tax		(4,836)	(1,131)
Loss for the financial year		(4,836)	(1,131)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

ADVANCED APPRAISAL (UK) LIMITED

Statement of Comprehensive Income for the Year Ended 31 December 2021

	2021 $	2020 $
Loss for the year	(4,836)	(1,131)
Total comprehensive income for the year	(4,836)	(1,131)

ADVANCED APPRAISAL (UK) LIMITED

(Registration number: 07840249)
Balance Sheet as at 31 December 2021

	Note	2021 $	2020 $
Investments	4	13,726,360	13,726,360
Current assets
Cash at bank and in hand		16	-
Creditors: Amounts falling due within one year	5	(13,921,762)	(13,916,910)
Net current liabilities		(13,921,746)	(13,916,910)
Net liabilities		(195,386)	(190,550)
Capital and reserves
Called up share capital	6	2	2
Retained earnings		(195,388)	(190,552)
Shareholders' deficit		(195,386)	(190,550)

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 16 February 2023

.........................................
Ms Andreea Ecaterina Mocanu
Director

ADVANCED APPRAISAL (UK) LIMITED

Statement of Changes in Equity for the Year Ended 31 December 2021

	Share capital $	Profit and loss account $	Total $
At 1 January 2021	2	(190,552)	(190,550)
Loss for the year	-	(4,836)	(4,836)
Total comprehensive income	-	(4,836)	(4,836)
At 31 December 2021	2	(195,388)	(195,386)

	Share capital $	Retained earnings $	Total $
At 1 January 2020	2	(189,421)	(189,419)
Loss for the year	-	(1,131)	(1,131)
At 31 December 2020	2	(190,552)	(190,550)

ADVANCED APPRAISAL (UK) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 The Shrubberies
George Lane
London
E18 1BD
United Kingdom

These financial statements were authorised for issue by the director on 16 February 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

ADVANCED APPRAISAL (UK) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

4	Investments

	2021 $	2020 $
Investments in subsidiaries	13,726,360	13,726,360

ADVANCED APPRAISAL (UK) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Subsidiaries	$
Cost or valuation
At 1 January 2021	13,726,360
Provision
Carrying amount
At 31 December 2021	13,726,360
At 31 December 2020	13,726,360

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2021	2020
Subsidiary undertakings
JG Participacoes e Administracao De Bens Ltda	RUA FREI CANECA, 59, SALA 07, GRANJA VIANA, COTIA-SP BRASIL	ordinary shares	99.99%	99.99%
Landermar Do Brasil Participacoes e Administracao De Bens Ltda	RUA FREI CANECA, 59, SALA 07, GRANAJ VIANA, COTIA-SP BRASIL	ordinary shares	99.97%	99.97%

ADVANCED APPRAISAL (UK) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Creditors

Creditors: amounts falling due within one year

	2021 $	2020 $
Due within one year
Accruals and deferred income	1,509	1,131
Other creditors	13,920,253	13,915,779
	13,921,762	13,916,910

6	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	$	No.	$
Ordinary shares of $1.58 each	1	2	1	2

7	Related party transactions

Loans from related parties

2021	Other related parties $	Total $
At start of period	13,907,692	13,907,692
Advanced	4,700	4,700
Repaid	(1,196)	(1,196)
At end of period	13,911,196	13,911,196

2020	Other related parties $	Total $
At start of period	13,907,692	13,907,692
At end of period	13,907,692	13,907,692

Terms of loans from related parties

Shareholder financing

ADVANCED APPRAISAL (UK) LIMITED

Detailed Profit and Loss Account for the Year Ended 31 December 2021

	2021 $	2020 $
Turnover (analysed below)	-	-
Administrative expenses
General administrative expenses (analysed below)	(3,819)	(1,131)
Finance charges (analysed below)	(1,017)	-
	(4,836)	(1,131)
Operating loss	(4,836)	(1,131)
Loss before tax	(4,836)	(1,131)

ADVANCED APPRAISAL (UK) LIMITED

Detailed Profit and Loss Account for the Year Ended 31 December 2021

2021
$

2020
$


General administrative expenses
Late submission fees	(2,472)	-
Accountancy fees	(1,347)	(1,131)
	(3,819)	(1,131)


Finance charges
Bank charges	(1,017)	-