Andrew Colin Investments Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08493690 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

FOR

ANDREW COLIN INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T E Slater

REGISTERED OFFICE:

One Gloucester Place

Brighton

East Sussex

BN1 4AA

REGISTERED NUMBER:

08493690 (England and Wales)

ACCOUNTANTS:

Cardens Accountants LLP

The Old Casino

28 Fourth Avenue

Hove

East Sussex

BN3 2PJ

FIXED ASSETS

Investments

4

17,411,663

11,537,745

CURRENT ASSETS

Debtors

5

1

1

Cash at bank

4,298,742

22,496,847

4,298,743

22,496,848

CREDITORS

Amounts falling due within one year

6

4,200

65,766

NET CURRENT ASSETS

4,294,543

22,431,082

TOTAL ASSETS LESS CURRENT LIABILITIES

21,706,206

33,968,827

CREDITORS

Amounts falling due after more than one year

7

18,871,865

32,992,051

NET ASSETS

2,834,341

976,776

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

8

1,530,955

403,984

Retained earnings

8

1,303,385

572,791

SHAREHOLDERS' FUNDS

2,834,341

976,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 April 2018 and were signed by:

T E Slater - Director

1.	STATUTORY INFORMATION

Andrew Colin Investments Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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. Turnover is recognised

when the investment has been fully disposed of.

Fixed asset investments

Fixed asset investments are made up of holdings in various trusts and companies. These are included at their

purchase costs and are revalued monthly so that they are held at their fair market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 August 2016

11,537,745

Additions

13,265,092

Disposals

(8,349,733

)

Revaluations

958,559

At 31 July 2017

17,411,663

NET BOOK VALUE

At 31 July 2017

17,411,663

At 31 July 2016

11,537,745

Cost or valuation at 31 July 2017 is represented by:

Other

investments

£

Valuation in 2014

514,737

Valuation in 2015

1,544,559

Valuation in 2016

9,478,449

Valuation in 2017

5,873,918

17,411,663

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

1

1

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

-

56,766

Accrued expenses

4,200

9,000

4,200

65,766

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other loans - 1-2 years

18,871,865

32,992,051

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 August 2016

572,791

403,984

976,775

Profit for the year

730,594

730,594

Revaluation in year

-

1,126,971

1,126,971

At 31 July 2017

1,303,385

1,530,955

2,834,340

9.	RELATED PARTY DISCLOSURES

Espalier Ventures Ltd (formerly Espalier Credit Ltd)

Company controlled by A J Colin

During the period, Espalier Ventures Ltd increased their loan to the company. As at 31 July 2017 the company

owed them £18,835,608 (2016; £32,955,794)

All transactions were undertaken on a commercial arms length basis. An initial arrangement fee was charged and

3% interest is due on any outstanding amounts.

2017

2016

£

£

Amount due from/(to) related party at balance sheet date

32,955,794

10,510,947

AJC Holdings limited

Company controlled by A J Colin

During the period, AJC Holdings Ltd maintained their loan to the company. As at 31 July 201 the company owed

them £36,257 (2016: £36,257).

2017

2016

£

£

Amount due from/(to) related party at balance sheet date

36,257

36,257

10.	ULTIMATE CONTROLLING PARTY

The controlling party is A J Colin.