Company Registration No. 06597036 (England and Wales)
ANSARADA UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
PAGES FOR FILING WITH REGISTRAR
ANSARADA UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
ANSARADA UK LIMITED
BALANCE SHEET
AS AT
30 JUNE 2021
30 June 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,005
25,517
Current assets
Stocks
7,707
4,137
Debtors
4
1,140,667
1,198,952
Cash at bank and in hand
1
1
1,148,375
1,203,090
Creditors: amounts falling due within one year
5
(341,794)
(485,851)
Net current assets
806,581
717,239
Net assets
810,586
742,756
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
810,585
742,755
Total equity
810,586
742,756
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 31 March 2022 and are signed on its behalf by:
J E Drake
Director
Company Registration No. 06597036
ANSARADA UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
- 2 -
1
Accounting policies
Company information
Ansarada UK Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB. The principal place of business is 34-37 Liverpool Street, London, EC2M 7PP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are
presented
in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares
publicly available consolidated financial statements
, including this company,
which are
intended to give a true and fair view of the assets, liabilities,
financial position and profit or loss
of the group
.
T
he company has
therefore
taken advantage of exemptions from the following disclosure requirements:
-
Section 4 ‘Statement of Financial Position’ – Reconciliation of the opening and closing number of shares
;
-
Section 7 ‘Statement of Cash Flows’ – Presentation of a statement of cash
f
low and related notes and disclosures
;
-
Section 11 ‘Basic Financial Instruments’ – Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument
;
-
Section 26 ‘Share based Payment’ – Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements
;
-
Section 33 ‘Related Party Disclosures’ – Compensation for key management personnel
.
The financial statements of the company are consolidated in the financial statements of Ansarada Group Limited. These consolidated financial statements are available from its registered office
, Level 2, 80 George Street, The Rocks, Sydney NSW 2000, Australia.
1.2
Turnover
Turnover
is measured at the fair value of the consideration received or receivable for the rendering of services in the normal course of business, and is shown net of VAT.
Rendering of services
Revenue arises from the provision of management services to the parent company.
Revenue is recognised on the basis of cost plus 2.6% of revenue earned by the parent company for EMEA region.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
ANSARADA UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
1
Accounting policies
(Continued)
- 3 -
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
33% Straight Line
Computer equipment
33% or 50% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Impairment of fixed assets
At each reporting
period
end date, the
company
reviews the carrying amounts of its tangible
assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.
Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.
Basic financial liabilities
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.
1.7
Taxation
The tax expense represents the sum of the tax currently payable
.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
profit and loss account
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.8
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or
fixed assets
.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
ANSARADA UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
1
Accounting policies
(Continued)
- 4 -
1.10
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation
in the period
are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
20
22
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2020
149,757
Additions
1,245
Disposals
(2,151)
At 30 June 2021
148,851
Depreciation and impairment
At 1 July 2020
124,240
Depreciation charged in the year
21,751
Eliminated in respect of disposals
(1,145)
At 30 June 2021
144,846
Carrying amount
At 30 June 2021
4,005
At 30 June 2020
25,517
ANSARADA UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
- 5 -
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,073,740
1,125,575
Other debtors
66,927
73,377
1,140,667
1,198,952
5
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
83,990
17,520
Taxation and social security
60,323
238,376
Other creditors
197,481
229,955
341,794
485,851
Included within other creditors are amounts totalling £11,144 (2020 - £3,926) relating to credit card liabilities. These amounts are secured by way of a fixed and floating charge over all the property or undertakings of the company.
6
Called up share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
2 Ordinary shares of 1 AUD $ each
2
2
1
1
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements
,
the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006
:
The auditor's report was unqualified.
The senior statutory auditor was Margaret El Khalidi and the auditor was Harwood Hutton Limited.
8
Related party transactions
The company is a wholly owned
member of Ansarada Group Limited
. and as such has taken advantage of the
exemption permitted by Section 33 'Related Party Disclosures', not to provide disclosures of transactions
entered into with other wholly-owned members of the group.
ANSARADA UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
- 6 -
9
Parent company
The immediate parent undertaking of Ansarada UK Limited is Ansarada International Pty Limited, a company incorporated in Australia. Its registered office is, Level 2, 80 George Street, The Rocks, Sydney NSW 2000, Australia.
The ultimate parent undertaking of Ansarada UK Limited is
Ansarada Group Limited
. No singular individual has control of
Ansarada Group Limited
.
The largest and smallest group for which group accounts are drawn up, and of which the company is a member, is
Ansarada Group Limited
. The consolidated accounts of this company are publicly available from the Australian Securities & Investments Commission.