Arthur John Asset Management Ltd

08519723 (England and Wales)

12a St Georges Mansions Causton Street London SW1P 4RZ

Wellden Turnbull Limited Albany House Claremont Lane Esher Surrey KT10 9FQ

Debtors

2,049,556 

2,049,556 

Cash at bank and in hand

22,823 

4,280 

(9,859)

(6,957)

(2,000,000)

(2,000,000)

Called up share capital

1,000 

1,000 

Profit and loss account

61,520 

45,879 

For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The financial statements were approved by the Board and authorised for issue on 2 August 2023 and were signed on its behalf by

Mr D A J Van Dyke Director Company Registration No. 08519723

Arthur John Asset Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 08519723. The registered office is 12a St Georges Mansions, Causton Street, London, SW1P 4RZ.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Interest income is recognized in profit or loss using the effective interest method.

Ordinary shares are classified as equity.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Financial assets Basic financial assets, including debtors and cash and bank balances are initially recognized at transaction price. Such assets are subsequently carried at amortized cost using the effective interest method, less any impairment. Financial liabilities Basic financial liabilities, including other creditors and loans from fellow group companies are initially recognized at transaction price. Debt instruments are subsequently carried at amortized cost, using the effective interest rate method. Impairment of financial assets Financial assets measured at cost and amortized cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in the profit and loss account. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. For financial assets measured at amortized cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognized, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognized. The impairment reversal is recognized in profit or loss. Derecognition of financial assets and financial liabilities Financial assets are derecognized when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities are derecognized when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Offsetting of financial assets and financial liabilities Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realize the asset and settle the liability simultaneously.

The tax expense for the year comprises current and deferred tax. Tax is recognized in the profit and loss account, except that a charge attributable to an item of income and expense recognized as other comprehensive income or to an item recognized directly in equity is also recognized in other comprehensive income or directly in equity respectively. Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Amounts due from group undertakings etc.

Other debtors

Taxes and social security

3,669 

1,320 

Other creditors

4,000 

- 

Accruals

2,190 

5,386 

Deferred income

- 

251 

Amounts owed to group undertakings and other participating interests

800,000 

800,000 

Other creditors

1,200,000 

1,200,000 

Allotted, called up and fully paid:

1,000 Ordinary shares of £1 each

During the year the average number of employees was 1 (2021: 1).