Company Registration No. 12490208 (England and Wales)
EVERINVEST GP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
EVERINVEST GP LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
EVERINVEST GP LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Non-current assets
Investments
3
1
1
Current assets
Trade and other receivables
4
125
125
Current liabilities
5
(1)
(1)
Net current assets
124
124
Net assets
125
125
Equity
Called up share capital
6
125
125
The directors of the company have elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 21 December 2022 and are signed on its behalf by:
M Morris
Director
Company Registration No. 12490208
EVERINVEST GP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 2 -
1
Accounting policies
Company information
Everinvest GP Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
50 Weymouth Mews, Marylebone, London, W1G 7EH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section
399
of the
Companies Act 2006 not to prepare consolidated accounts
, on the basis that the group of which this is the parent qualifies as a small group
. The
financial statements
present information about the company as an individual entity and not about its group
.
1.2
Income statement
The company has not traded during the year or the preceding financial period. During
this time,
the company received no income and incurred no expenditure and therefore no
Income statement
is presented
in these financial statements.
1.3
Non-current investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in
profit
or
loss
.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
EVERINVEST GP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 3 -
3
Fixed asset investments
2021
2020
£
£
Shares in group undertakings and participating interests
1
1
Movements in non-current investments
Shares in group undertakings
£
Cost or valuation
At 1 January 2021 & 31 December 2021
1
Carrying amount
At 31 December 2021
1
At 31 December 2020
1
4
Trade and other receivables
2021
2020
Amounts falling due within one year:
£
£
Other receivables
125
125
5
Current liabilities
2021
2020
£
£
Other payables
1
1
6
Called up share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
100
100
100
100
Ordinary B shares of £1 each
25
25
25
25
125
125
125
125
Both the 'A' and 'B' class shares are voting shares.
EVERINVEST GP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 4 -
7
Financial commitments, guarantees and contingent liabilities
The company acts as the General Partner of Everinvest LP, a limited partnership established in England and Wales. Under the terms of the Limited Partnership Agreement the company is responsible for the management, operation and administration of the affairs of the Partnership and in certain circumstances could be liable for debts of the Partnership.
Aside from that mentioned below, the directors are satisfied that as at 31 December 202
1
, the company had no other material liabilities, contingent or otherwise, arising from its position as General Partner.
8
Related party transactions
Parties are considered to be related if one party has the ability to control the other party or exercises significant influence over the other party in making financial or operational decisions.
Acting as the General Partner the company is a related party of the limited partnership Everinvest LP. Everinvest GP Limited is responsible for the financial and operating decisions of the Partnership. There were no distributions made to the General Partner during the period ended 31 December 202
1
.
9
Parent company
The ultimate controlling party of the company is Everglen (Spring Gardens) Limited, an entity incorporated in England and Wales.