Alanda Capital Management Limited
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Notes to the Accounts |
for the year ended 31 March 2019
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover relates to the recharging of costs paid on behalf of companies under common control.
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
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Leasehold land and buildings |
5 years straight line |
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Fixtures, fittings, tools and equipment |
20% reducing balance |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate.
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2 |
Audit information |
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The audit report is unqualified.
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Senior statutory auditor: |
Andrew Mitchell
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Firm: |
Adams Mitchell
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Date of audit report: |
16 July 2020
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3 |
Employees |
2019 |
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2018 |
Number |
Number |
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Average number of persons employed by the company |
6 |
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6 |
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4 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 April 2018 |
42,566 |
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28,690 |
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71,256 |
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Additions |
12,084 |
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- |
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12,084 |
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At 31 March 2019 |
54,650 |
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28,690 |
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83,340 |
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Depreciation |
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At 1 April 2018 |
14,610 |
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5,942 |
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20,552 |
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Charge for the year |
10,930 |
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4,550 |
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15,480 |
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At 31 March 2019 |
25,540 |
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10,492 |
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36,032 |
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Net book value |
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At 31 March 2019 |
29,110 |
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18,198 |
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47,308 |
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At 31 March 2018 |
27,956 |
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22,748 |
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50,704 |
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5 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Cost |
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At 1 April 2018 |
1 |
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At 31 March 2019 |
1 |
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6 |
Debtors |
2019 |
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2018 |
£ |
£ |
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Trade debtors |
1,000 |
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- |
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Other debtors |
136,778 |
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222,978 |
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137,778 |
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222,978 |
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7 |
Creditors: amounts falling due within one year |
2019 |
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2018 |
£ |
£ |
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Trade creditors |
13,691 |
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23,552 |
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Other creditors |
56,996 |
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86,247 |
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70,687 |
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109,799 |
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8 |
Other financial commitments |
2019 |
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2018 |
£ |
£ |
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Total future minimum payments under non-cancellable operating leases |
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413,700 |
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531,900 |
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9 |
Controlling party |
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C Vogel-Claussen is the controlling party of the company by virtue of his 100% shareholding.
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10 |
Other information |
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Alanda Capital Management Limited is a private company limited by shares and incorporated in England. Its registered office and trading address is: |
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166 Piccadilly |
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London |
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W1J 9EF |