REGISTERED NUMBER:
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ANNIEM INVESTMENTS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 JULY 2019 TO 29 FEBRUARY 2020 |
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REGISTERED NUMBER:
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ANNIEM INVESTMENTS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 JULY 2019 TO 29 FEBRUARY 2020 |
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ANNIEM INVESTMENTS LIMITED (REGISTERED NUMBER: 10841883) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2019 TO 29 FEBRUARY 2020 |
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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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ANNIEM INVESTMENTS LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 JULY 2019 TO 29 FEBRUARY 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Wallace House |
20 Birmingham Road |
Walsall |
West Midlands |
WS1 2LT |
ANNIEM INVESTMENTS LIMITED (REGISTERED NUMBER: 10841883) |
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BALANCE SHEET |
29 FEBRUARY 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 | 1,267,955 | 548,761 |
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CURRENT ASSETS |
Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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PROVISIONS FOR LIABILITIES |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings | ( |
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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. |
ANNIEM INVESTMENTS LIMITED (REGISTERED NUMBER: 10841883) |
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BALANCE SHEET - continued |
29 FEBRUARY 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
were signed on its behalf by: |
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ANNIEM INVESTMENTS LIMITED (REGISTERED NUMBER: 10841883) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2019 TO 29 FEBRUARY 2020 |
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1. | STATUTORY INFORMATION |
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Anniem Investments Limited is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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The period covered in these financial statements are the eight months to 29 February 2020. The directors |
took the decision to shorten the accounting period to bring the company in line with their other financial |
commitments. Due to the fact the accounting period has been shortened, the comparatives will not be |
entirely comparable. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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This may not be appropriate because the company incurred a net loss of £73,361 (2019: net profit |
£28,228) during the year ended 29 February 2020 and as at that date the company's liabilities exceeded |
its assets by £56,518 (2019: assets exceeded liabilities by £16,843). The liabilities due are to a company |
that is under common control and who are not seeking immediate repayment. We are currently going |
through a global pandemic and is affecting the global economy which is subsequently affecting the global |
markets. The company's goals are to stay invested and benefit from long term growth within the market. |
As such, the directors believe that it is appropriate to prepare the financial statements on the going |
concern basis, which assumes that the company will continue in operational existence for the foreseeable |
future. |
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The company's financial statements are individual entity financial statements. |
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The company's financial statements are presented in Sterling and all values are rounded to the nearest |
pound. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income |
and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive |
income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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 period end and that are |
expected to apply to the reversal of the timing difference. |
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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. |
ANNIEM INVESTMENTS LIMITED (REGISTERED NUMBER: 10841883) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2019 TO 29 FEBRUARY 2020 |
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2. | ACCOUNTING POLICIES - continued |
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Fixed asset investments |
Investments in equity shares which are publicly traded or where the fair value can be reliably measured |
are initially measured at their fair value, with changes in fair value recognised in the statement of income |
and retained earnings. Investments in equity shares where fair value can not be reliably measured are |
measured at historic cost less impairment. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL (2019 - NIL). |
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4. | FIXED ASSET INVESTMENTS |
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2020 | 2019 |
£ | £ |
Other investments not loans | 1,267,955 | 548,761 |
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Additional information is as follows: |
Other |
investments |
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COST OR VALUATION |
At 1 July 2019 | 547,952 |
Additions | 878,617 |
Disposals | (95,022 | ) |
Revaluations | (65,734 | ) |
At 29 February 2020 | 1,265,813 |
NET BOOK VALUE |
At 29 February 2020 | 1,265,813 |
At 30 June 2019 |
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Cost or valuation at 29 February 2020 is represented by: |
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Other |
investments |
£ |
Valuation in 2019 | 1,265,813 |
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If fixed asset investments had not been revalued they would have been included at the following historical |
cost: |
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2020 | 2019 |
£ | £ |
Cost | 1,290,573 | 506,977 |
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Investments (neither listed nor unlisted) were as follows: |
2020 | 2019 |
£ | £ |
ANNIEM INVESTMENTS LIMITED (REGISTERED NUMBER: 10841883) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2019 TO 29 FEBRUARY 2020 |
Brought forward | 809 | - |
Additions | 890,341 | 664,486 |
Disposals | (889,008 | ) | (663,677 | ) |
2,142 | 809 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Other creditors |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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Ordinary A | £1 | 100 | 100 |
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Ordinary B | £1 | 10 | 10 |
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Ordinary C | £1 | 10 | 10 |
120 | 120 |