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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JULY 2019 |
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ANDREW COLIN INVESTMENTS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JULY 2019 |
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FOR |
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ANDREW COLIN INVESTMENTS LIMITED |
ANDREW COLIN INVESTMENTS LIMITED (REGISTERED NUMBER: 08493690) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 JULY 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ANDREW COLIN INVESTMENTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 29 JULY 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The Old Casino |
28 Fourth Avenue |
Hove |
East Sussex |
BN3 2PJ |
ANDREW COLIN INVESTMENTS LIMITED (REGISTERED NUMBER: 08493690) |
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BALANCE SHEET |
29 JULY 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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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 | 6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 7 |
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Retained earnings | 7 |
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SHAREHOLDERS' FUNDS |
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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
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(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 Income Statement 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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ANDREW COLIN INVESTMENTS LIMITED (REGISTERED NUMBER: 08493690) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 JULY 2019 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the recognised gains on the sale of investments during the year, dividends and interest due from the |
investments held. Turnover is recognised when the investment has been fully disposed of or when the other income has |
been received. |
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Fixed asset investments |
Fixed asset investments are made up of holdings in various trusts and companies. These are included originally at their |
purchase costs and are revalued monthly to the ascertainable market value. |
The movements, due to market value, are taken to the revaluation reserve. Decreases in market value are taken to the |
revaluation reserve to the extent at which previous increased valuations are available. |
Any impairments below the original cost of the investment are taken through the profit and loss account. |
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2. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
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3. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 30 July 2018 |
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Additions |
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Disposals | ( |
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Revaluations |
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Impairments | ( |
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At 29 July 2019 |
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NET BOOK VALUE |
At 29 July 2019 |
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At 29 July 2018 |
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Cost or valuation at 29 July 2019 is represented by: |
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Other |
investments |
£ |
Valuation in 2014 | 326,153 |
Valuation in 2015 | 1,419,545 |
Valuation in 2016 | 4,151,082 |
Valuation in 2017 | 5,873,918 |
Valuation in 2018 | 4,388,526 |
Valuation in 2019 | 2,703,927 |
18,863,151 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
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ANDREW COLIN INVESTMENTS LIMITED (REGISTERED NUMBER: 08493690) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 JULY 2019 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other creditors |
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Accrued expenses |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Other loans - 1-2 years |
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7. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
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At 30 July 2018 |
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3,602,370 |
Profit for the year |
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Revaluation in year | - | 2,274,076 | 2,274,076 |
Revaluation on disposal | - | (249,001 | ) | (249,001 | ) |
At 29 July 2019 |
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28,270,312 |
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8. | ULTIMATE CONTROLLING PARTY |
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The controlling party is A J Colin. |
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Andrew Colin is the controlling party by virtue of his 100% shareholding. |
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9. | INTERCOMPANY TRANSACTIONS - CREDITORS |
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During the year ended 27 July 2019 Andrew Colin Investments had the following movement in intercompany creditor |
balances: |
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% holding | 2019 | 2018 | Movement |
Espalier Ventures Limited | 100 | - | 22,519,970 | (22,519,970 | ) |
AJC Holdings Limited | 100 | - | 36,257 | (36,257 | ) |
- | 22,556,227 | (22,556,227 | ) |
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A J Colin is a director and shareholder in Espalier Ventures Limited listed above at the percentages shown. |
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A J Colin is the shareholder in AJC Holdings Limited listed above at the percentages shown. All outstanding amounts are |
interest free and repayable on demand. |