REGISTERED NUMBER:
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INVESTMANAGE LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30TH APRIL 2020 |
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REGISTERED NUMBER:
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INVESTMANAGE LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30TH APRIL 2020 |
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INVESTMANAGE LIMITED (REGISTERED NUMBER: 05792045) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2020 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 2 |
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INVESTMANAGE LIMITED (REGISTERED NUMBER: 05792045) |
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BALANCE SHEET |
30TH APRIL 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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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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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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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In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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INVESTMANAGE LIMITED (REGISTERED NUMBER: 05792045) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2020 |
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1. | STATUTORY INFORMATION |
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Investmanage Limited is a
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number and registered office address are as below: |
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Registered number: | 05792045 |
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Registered office: | C/o Keelings |
Broad House |
1 The Broadway |
Hatfield |
Herefordshire |
AL9 5BG |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect |
the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses |
during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the |
Director's opinion, there are no significant judgements or key sources of estimation uncertainty. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
tax and other sales taxes. |
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Financial instruments |
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like |
trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in |
non-puttable ordinary shares. |
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Financial assets that are measured at cost and amortised 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 recognised in the Profit and Loss |
Account. |
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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 recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability |
simultaneously. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent |
that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or |
substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be |
recovered against the reversal of deferred tax liabilities or other future taxable profits. |
INVESTMANAGE LIMITED (REGISTERED NUMBER: 05792045) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2020 |
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2. | ACCOUNTING POLICIES - continued |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. |
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
Exchange differences are taken into account in arriving at the operating result. |
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Fixed asset investments |
Fixed asset investments are stated at cost less any amounts written off. |
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Investments in joint ventures are recorded by adopting the cot model whereby any such investments are recorded at cost less |
any accumulated impairment losses recognised in accordance with Section 27 of FRS102. |
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Current asset investments |
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Current asset investments are recorded at lower of cost and recoverable amount. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1st May 2019 |
and 30th April 2020 |
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NET BOOK VALUE |
At 30th April 2020 |
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At 30th April 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Other debtors |
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6. | CURRENT ASSET INVESTMENTS |
2020 | 2019 |
£ | £ |
Unlisted investments | 183,344 | 340,244 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Taxation and social security |
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Other creditors |
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INVESTMANAGE LIMITED (REGISTERED NUMBER: 05792045) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2020 |
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8. | RELATED PARTY DISCLOSURES |
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P Makwana |
Sole Director and 50% shareholder in the reporting entity |
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During the year the company repaid the director £354,199 loan previously owed. At the balance sheet date the director owes |
the company £99. |
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During the year, a dividend of £2,000 (2019: £2,000) was paid to the director. |
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A Makwana |
50% shareholder in the reporting entity and husband of P Makwana |
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During the year, a dividend of £2,000 (2019- £2,000) was paid to A Makwana. |
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Other related party transactions: |
At the balance sheet date the reporting entity had investments in the following related companies; |
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Related company |
Amount
invested |
Mayfair Development Finance (Basingstoke) Limited | 50,000 |
Mayfair Development Finance (Weymouth) Limited | 25,500 |
Mayfair Development Finance (Botley) Limited | 77,845 |
CVS (Devon) | 30,000 |
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P Makwana has significant influence in the above related companies. |
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The above amounts are shown within current asset investments. These loans are provided with a purpose to invest in property |
development projects. |
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There is no fixed date for repayment. The interest on these loans will be repaid once the developers repay the loans in full at |
the end of the projects. |