REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
FOR |
|
ASSET MATCH LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
FOR |
|
ASSET MATCH LIMITED |
ASSET MATCH LIMITED (REGISTERED NUMBER: 07681197) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
ASSET MATCH LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
AUDITORS: |
|
Suite 3, The Hamilton Centre |
Rodney Way |
Chelmsford |
Essex |
CM1 3BY |
ASSET MATCH LIMITED (REGISTERED NUMBER: 07681197) |
|
BALANCE SHEET |
31ST DECEMBER 2019 |
|
2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
Investments | 6 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 7 |
|
|
Investments | 8 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) |
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
10 |
( |
) |
( |
) |
NET LIABILITIES | ( |
) | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 12 |
|
|
Share premium |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
ASSET MATCH LIMITED (REGISTERED NUMBER: 07681197) |
|
BALANCE SHEET - continued |
31ST DECEMBER 2019 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
|
|
|
ASSET MATCH LIMITED (REGISTERED NUMBER: 07681197) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
|
1. | STATUTORY INFORMATION |
|
Asset Match Limited is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Due to the company still investing in its development, the company is showing a negative balance sheet position as a result of continued losses incurred. The directors confirm that they will continue to support the company until the company begins to be profitable by way of capital investments and fund raises. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Intangible fixed assets |
The company purchased a licence to operate the share trading platform. This licence is to be amortised on a straight line basis over 5 years. |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
|
Investments |
Investments comprise investments in unquoted equity instruments which are measured at cost. |
ASSET MATCH LIMITED (REGISTERED NUMBER: 07681197) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1st January 2019 |
and 31st December 2019 |
|
AMORTISATION |
At 1st January 2019 |
and 31st December 2019 |
|
NET BOOK VALUE |
At 31st December 2019 |
|
At 31st December 2018 |
|
|
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st January 2019 |
|
Additions |
|
At 31st December 2019 |
|
DEPRECIATION |
At 1st January 2019 |
|
Charge for year |
|
At 31st December 2019 |
|
NET BOOK VALUE |
At 31st December 2019 |
|
At 31st December 2018 |
|
ASSET MATCH LIMITED (REGISTERED NUMBER: 07681197) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
|
6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
Additions |
|
Reclassification/transfer |
|
At 31st December 2019 |
|
NET BOOK VALUE |
At 31st December 2019 |
|
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
8. | CURRENT ASSET INVESTMENTS |
2019 | 2018 |
£ | £ |
Unlisted investments | - | 5,000 |
|
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
10. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Other creditors |
|
|
|
11. | LEASING AGREEMENTS |
|
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2018 |
£ | £ |
Within one year |
|
|
Between one and five years |
|
|
|
|
ASSET MATCH LIMITED (REGISTERED NUMBER: 07681197) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
|
11. | LEASING AGREEMENTS - continued |
|
At the year end, the company had total commitments under operating leases expiring in 1 year for rent of £63,750. |
|
At the year end, the company had total commitments under operating leases expiring in 1 years for stationery equipment of £816. |
|
12. | CALLED UP SHARE CAPITAL |
|
|
Allotted and issued: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
|
Share capital 1 | 0.000 | 1 | 199 | 199 |
|
13. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
|
The Report of the Auditors was unqualified. |
|
Material uncertainties related to going concern |
We draw attention to page 5 in the financial statements, which indicates that the company incurred a net loss of £8,035 during the year ended 31 December 2019 and, as of that date, the company's total liabilities exceeded its total assets by £204,958. As stated in Note 2, these events or conditions indicate that a material uncertainty exists that may cast doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter. |
|
|
for and on behalf of
|
|
14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
At the balance sheet date the company owed S Lucas £534,906 (2018: £509,434). Interest is payable on this loan at 5% |
|
15. | ULTIMATE CONTROLLING PARTY |
|
The company was under the control of the directors throughout the period. |