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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31 December 2019 |
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Drawbond Investments Limited |
REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31 December 2019 |
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for |
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Drawbond Investments Limited |
Drawbond Investments Limited (Registered number: 02627060) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2019 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 5 |
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Drawbond Investments Limited |
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Company Information |
for the Year Ended 31 December 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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4th Floor, Portman House, |
2 Portman Street |
London |
W1H 6DU |
Drawbond Investments Limited (Registered number: 02627060) |
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Report of the Directors |
for the Year Ended 31 December 2019 |
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The directors present their report with the financial statements of the company for the year ended 31 December 2019. |
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DIRECTORS |
The directors who have held office during the period from 1 January 2019 to the date of this report are as follows: |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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Drawbond Investments Limited (Registered number: 02627060) |
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Income Statement |
for the Year Ended 31 December 2019 |
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2019 | 2018 |
Notes | $ | $ |
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TURNOVER |
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Administrative expenses |
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OPERATING LOSS | ( |
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Profit/loss on sale of invest | 4 |
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503,583 | (51,140 | ) |
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Interest receivable and similar income |
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553,960 | (7,846 | ) |
Gain/loss on revaluation of investments | 538,614 | (432,608 | ) |
1,092,574 | (440,454 | ) |
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Interest payable and similar expenses |
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PROFIT/(LOSS) BEFORE TAXATION |
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Tax on profit/(loss) |
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PROFIT/(LOSS) FOR THE FINANCIAL
YEAR |
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Drawbond Investments Limited (Registered number: 02627060) |
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Balance Sheet |
31 December 2019 |
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2019 | 2018 |
Notes | $ | $ | $ | $ |
FIXED ASSETS |
Investments | 5 |
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CURRENT ASSETS |
Investments | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Drawbond Investments Limited (Registered number: 02627060) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2019 |
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1. | STATUTORY INFORMATION |
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Drawbond Investments Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Investments in associates |
Investments in associate undertakings are recognised at cost. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
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4. | EXCEPTIONAL ITEMS |
2019 | 2018 |
$ | $ |
Profit/loss on sale of invest |
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5. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
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COST |
At 1 January 2019 |
and 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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At 31 December 2018 |
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6. | CURRENT ASSET INVESTMENTS |
2019 | 2018 |
$ | $ |
Listed investments | 5,339,760 | 5,908,222 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
$ | $ |
Taxation and social security |
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Other creditors |
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Drawbond Investments Limited (Registered number: 02627060) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
$ | $ |
Other creditors |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is considered to be Intrust Trustee(New Zealand) Limited as Trustees of the Morus Family Trust. |