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Unaudited Financial Statements |
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for the Period 1 February 2020 to 31 March 2021 |
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for |
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Amity Managers Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 February 2020 to 31 March 2021 |
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for |
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Amity Managers Limited |
Amity Managers Limited (Registered number: 11174312) |
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Contents of the Financial Statements |
for the Period 1 February 2020 to 31 March 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 | 4 |
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Amity Managers Limited |
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Company Information |
for the Period 1 February 2020 to 31 March 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Amity Managers Limited (Registered number: 11174312) |
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Balance Sheet |
31 March 2021 |
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2021 | 2020 |
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 | 8 |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
Amity Managers Limited (Registered number: 11174312) |
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Balance Sheet - continued |
31 March 2021 |
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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 Board of Directors and authorised for issue on
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Amity Managers Limited (Registered number: 11174312) |
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Notes to the Financial Statements |
for the Period 1 February 2020 to 31 March 2021 |
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1. | STATUTORY INFORMATION |
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Amity Managers Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Taxation |
Tax is recognised in the Profit and Loss Account. |
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The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Revenue |
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates value added tax and other sales taxes. |
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Valuation of investments |
Investments in subsidiaries are measured at cost less accumulated impairment. |
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Creditors |
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | FIXED ASSET INVESTMENTS |
Unquoted |
shares |
£ |
COST |
At 1 February 2020 |
and 31 March 2021 |
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NET BOOK VALUE |
At 31 March 2021 |
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At 31 January 2020 |
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Amity Managers Limited (Registered number: 11174312) |
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Notes to the Financial Statements - continued |
for the Period 1 February 2020 to 31 March 2021 |
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4. | FIXED ASSET INVESTMENTS - continued |
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Subsidiary undertakings |
The company's investments at the Balance Sheet date represent share capital in the following subsidiary: |
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Name |
Country of
incorporation |
Class of shares |
Holding |
Principal activity |
Amity Partnership Holdings
Limited |
United Kingdom |
Ordinary |
79% |
Investment holding |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Loans receivable |
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Loans to directors | 9,443 | 126,660 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Tax |
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Accrued expenses |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2021 | 2020 |
£ | £ |
Loans to fund purchase of |
subsidiary company | 375,219 | 616,167 |
Amounts owed to group |
undertakings | - | 144,427 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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Ordinary | £1 | 1,000 | 1,000 |
Amity Managers Limited (Registered number: 11174312) |
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Notes to the Financial Statements - continued |
for the Period 1 February 2020 to 31 March 2021 |
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9. | RESERVES |
Retained |
earnings |
£ |
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At 1 February 2020 |
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Deficit for the period | ( |
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At 31 March 2021 |
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10. | POST BALANCE SHEET EVENTS |
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The effect of events relating to the period ended 31 March 2021, which occurred before the date of approval of the financial statements by the director, have been included to the extent required to show a true and fair view of the state of affairs at 31 March 2021 and of the results of the period ended on that date. |