REGISTERED NUMBER: |
Anglo & International Corporate Finance, |
Limited |
Financial Statements |
for the Year Ended 30 September 2023 |
REGISTERED NUMBER: |
Anglo & International Corporate Finance, |
Limited |
Financial Statements |
for the Year Ended 30 September 2023 |
Anglo & International Corporate Finance, |
Limited (Registered number: 02685740) |
Contents of the Financial Statements |
for the year ended 30 September 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Anglo & International Corporate Finance, |
Limited |
Company Information |
for the year ended 30 September 2023 |
Directors: |
Registered office: |
Registered number: |
Anglo & International Corporate Finance, |
Limited (Registered number: 02685740) |
Balance Sheet |
30 September 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
Current assets |
Debtors | 5 |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
Retained earnings | 8 | ( |
) | ( |
) |
Shareholders' funds |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Anglo & International Corporate Finance, |
Limited (Registered number: 02685740) |
Notes to the Financial Statements |
for the year ended 30 September 2023 |
1. | Statutory information |
Anglo & International Corporate Finance, Limited is a |
2. | Accounting policies |
Compliance with accounting standards |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investments |
Fixed asset investments are stated at cost less provision for diminution in value. |
Critical accounting judgements and estimation uncertainty |
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
(a) Critical judgements in applying the Company's accounting policies |
The Company makes a number of assessments which require judgement in preparing the accounts and can have a significant effect upon the financial statements. However due to the straight forward nature of the Company's business, management does not believe that there are any judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
(b) Key accounting estimates and assumptions |
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. However due to the straight forward nature of the Company's business, management does not believe that there are any estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
Anglo & International Corporate Finance, |
Limited (Registered number: 02685740) |
Notes to the Financial Statements - continued |
for the year ended 30 September 2023 |
2. | Accounting policies - continued |
Going concern |
These financial statements have been prepared on a going concern basis. |
The current economic conditions present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis. |
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting in preparing these financial statements. |
Financial instruments |
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. |
(i) Financial assets |
Basic financial assets, including trade and other receivables, and cash and bank balances, are initially recognised at transaction price. |
Trade receivables are assets due for services that have been acquired in the ordinary course of business from suppliers. Accounts receivables are classified as current assets if receipt is expected within one year or less. If not, they are presented as non-current assets. Trade receivables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. |
(ii) Financial liabilities |
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price. |
Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. |
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. |
3. | Employees and directors |
The average number of employees during the year was NIL (2022 - NIL). |
4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 October 2022 |
and 30 September 2023 |
Net book value |
At 30 September 2023 |
At 30 September 2022 |
Anglo & International Corporate Finance, |
Limited (Registered number: 02685740) |
Notes to the Financial Statements - continued |
for the year ended 30 September 2023 |
4. | Fixed asset investments - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: New Derwent House, 69-73 Theobalds Road, London, England, WC1X 8TA |
Nature of business: |
% |
Class of shares: | holding |
2023 | 2022 |
£ | £ |
Aggregate capital and reserves |
Registered office: New Derwent House, 69-73 Theobalds Road, London, England, WC1X 8TA |
Nature of business: |
% |
Class of shares: | holding |
2023 | 2022 |
£ | £ |
Aggregate capital and reserves |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Accruals and deferred income |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary Shares | £1 | 500,000 | 500,000 |
8. | Reserves |
Retained |
earnings |
£ |
At 1 October 2022 | ( |
) |
Profit for the year |
At 30 September 2023 | ( |
) |
Anglo & International Corporate Finance, |
Limited (Registered number: 02685740) |
Notes to the Financial Statements - continued |
for the year ended 30 September 2023 |
9. | Ultimate controlling party |
The immediate holding company is The Anglo & International Investment Company, Limited, a company incorporated in the Cayman Islands. |
The ultimate parent company is Anglo & Overseas Holdings, Limited, a company incorporated in the Cayman Islands. |