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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JULY 2021 |
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ANDREW COLIN INVESTMENTS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JULY 2021 |
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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 2021 |
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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 2021 |
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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 2021 |
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2021 | 2020 |
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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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 6 |
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Retained earnings | 6 |
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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 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 2021 |
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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 (2020 - NIL). |
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3. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 30 July 2020 |
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Additions |
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Revaluations |
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At 29 July 2021 |
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NET BOOK VALUE |
At 29 July 2021 |
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At 29 July 2020 |
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Cost or valuation at 29 July 2021 is represented by: |
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Other |
investments |
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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 |
Valuation in 2020 | (6,595,537 | ) |
Valuation in 2021 | 3,804,098 |
16,071,712 |
ANDREW COLIN INVESTMENTS LIMITED (REGISTERED NUMBER: 08493690) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 JULY 2021 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other debtors |
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Tax |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other creditors |
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Accrued expenses |
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6. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
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At 30 July 2020 |
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26,178,936 |
Profit for the year |
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Dividends |
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Revaluation in year | - | 3,365,920 | 3,365,920 |
At 29 July 2021 |
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19,475,289 |
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7. | POST BALANCE SHEET EVENTS |
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Before the balance sheet date and prior to the approval of these accounts an outbreak of COVID-19 virus occurred causing a global pandemic recognized by the World Health Organisation (WHO). |
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The effect of UK Government measures to limit the spread of the virus have been widespread, urging people to remain at home wherever possible, including to work form home if available and to undertake "social distancing" measures. |
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This is a non-adjusting disclosure for the Company. |
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The Directors continue to monitor the situation as it rapidly changes and believe the Company is positioned well to react to further developments. |
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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. |