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COMPANY REGISTRATION NUMBER: 09705254
Assetmix Limited
Filleted Unaudited Financial Statements
31 December 2021
Assetmix Limited
Financial Statements
Year ended 31 December 2021
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
Assetmix Limited
Officers and Professional Advisers
Director
Mr T C Woodhouse
Company secretary
J Campbell
Registered office
40 Kimbolton Road
Bedford
MK40 2NR
Accountants
Collett Hulance
Chartered Certified Accountants
40 Kimbolton Road
Bedford
MK40 2NR
Assetmix Limited
Statement of Financial Position
31 December 2021
2021
2020
Note
£
£
£
Fixed assets
Investments
4
15,020
15,020
Creditors: amounts falling due within one year
5
14,020
14,020
--------
--------
Net current liabilities
14,020
14,020
--------
--------
Total assets less current liabilities
1,000
1,000
-------
-------
Capital and reserves
Called up share capital
1,000
1,000
-------
-------
Shareholder funds
1,000
1,000
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 July 2022 , and are signed on behalf of the board by:
Mr T C Woodhouse
Director
Company registration number: 09705254
Assetmix Limited
Notes to the Financial Statements
Year ended 31 December 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Kimbolton Road, Bedford, MK40 2NR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2021 and 31 December 2021
15,020
--------
Impairment
At 1 January 2021 and 31 December 2021
--------
Carrying amount
At 31 December 2021
15,020
--------
At 31 December 2020
15,020
--------
Subsidiaries, associates and other investments
Class of share
Percentage of shares held
Subsidiary undertakings
Timbermix Limited
Ordinary A
100
Bivowac Estates Limited
Ordinary A
50.2
The results and capital and reserves for the year are as follows:
Capital and reserves
Profit/(loss) for the year
2021
2020
2021
2020
£
£
£
£
Subsidiary undertakings
Timbermix Limited
10,020
10,020
6,258
Bivowac Estates Limited
322,580
344,680
( 10,100)
3,460
---------
---------
--------
-------
5. Creditors: amounts falling due within one year
2021
2020
£
£
Other creditors
14,020
14,020
--------
--------