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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017 |
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ANDREW COLIN INVESTMENTS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017 |
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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 31 JULY 2017 |
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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 31 JULY 2017 |
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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 |
31 JULY 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 8 |
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Retained earnings | 8 |
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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 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 Income Statement has not been delivered. |
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The financial statements were approved by the director 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 31 JULY 2017 |
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1. | STATUTORY INFORMATION |
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Andrew Colin Investments Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | 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. Turnover is recognised |
when the investment has been fully disposed of. |
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Fixed asset investments |
Fixed asset investments are made up of holdings in various trusts and companies. These are included at their |
purchase costs and are revalued monthly so that they are held at their fair market value. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST OR VALUATION |
At 1 August 2016 |
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Additions |
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Disposals | ( |
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Revaluations |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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Cost or valuation at 31 July 2017 is represented by: |
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Other |
investments |
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Valuation in 2014 | 514,737 |
Valuation in 2015 | 1,544,559 |
Valuation in 2016 | 9,478,449 |
Valuation in 2017 | 5,873,918 |
17,411,663 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
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 31 JULY 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Tax |
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Accrued expenses |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Other loans - 1-2 years |
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8. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 August 2016 |
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976,775 |
Profit for the year |
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Revaluation in year | - | 1,126,971 | 1,126,971 |
At 31 July 2017 |
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2,834,340 |
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9. | RELATED PARTY DISCLOSURES |
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Espalier Ventures Ltd (formerly Espalier Credit Ltd) |
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Company controlled by A J Colin |
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During the period, Espalier Ventures Ltd increased their loan to the company. As at 31 July 2017 the company |
owed them £18,835,608 (2016; £32,955,794) |
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All transactions were undertaken on a commercial arms length basis. An initial arrangement fee was charged and |
3% interest is due on any outstanding amounts. |
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2017 | 2016 |
£ | £ |
Amount due from/(to) related party at balance sheet date | 32,955,794 | 10,510,947 |
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AJC Holdings limited |
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Company controlled by A J Colin |
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During the period, AJC Holdings Ltd maintained their loan to the company. As at 31 July 201 the company owed |
them £36,257 (2016: £36,257). |
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2017 | 2016 |
£ | £ |
Amount due from/(to) related party at balance sheet date | 36,257 | 36,257 |
ANDREW COLIN INVESTMENTS LIMITED (REGISTERED NUMBER: 08493690) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2017 |
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10. | 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. |