IRIS Accounts Productionv22.1.0.62808148681Board of Directors31.12.211.1.2131.12.2131.12.21The Group specialises in advising institutional investors. Its main businesses are to assist institutional investors in investing in publicly listed equities, convertible bonds and hedge funds.truetruetruefalsetruetruefalsefalsefalsetruefalseOrdinary shares0"A" Ordinary shares0"M" Ordinary shares0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure081486812020-12-31081486812021-12-31081486812021-01-012021-12-31081486812019-12-31081486812020-01-012020-12-31081486812020-12-3108148681ns16:EnglandWales2021-01-012021-12-3108148681ns15:PoundSterling2021-01-012021-12-3108148681ns11:Director12021-01-012021-12-3108148681ns11:Consolidated2021-12-3108148681ns11:ConsolidatedGroupCompanyAccounts2021-01-012021-12-3108148681ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3108148681ns11:FRS102ns11:Consolidated2021-01-012021-12-3108148681ns11:Auditedns11:Consolidated2021-01-012021-12-3108148681ns11:LargeMedium-sizedCompaniesRegimeForDirectorsReport2021-01-012021-12-3108148681ns11:LargeMedium-sizedCompaniesRegimeForAccounts2021-01-012021-12-3108148681ns11:Consolidatedns11:LargeMedium-sizedCompaniesRegimeForDirectorsReport2021-01-012021-12-3108148681ns11:LargeMedium-sizedCompaniesRegimeForAccountsns11:Consolidated2021-01-012021-12-3108148681ns11:FullAccounts2021-01-012021-12-3108148681ns6:Subsidiary12021-01-012021-12-3108148681ns11:OrdinaryShareClass12021-01-012021-12-3108148681ns11:OrdinaryShareClass22021-01-012021-12-3108148681ns11:OrdinaryShareClass32021-01-012021-12-3108148681ns11:Consolidated2021-01-012021-12-3108148681ns11:Director22021-01-012021-12-3108148681ns11:RegisteredOffice2021-01-012021-12-3108148681ns11:Consolidated2020-01-012020-12-3108148681ns6:CurrentFinancialInstruments2021-12-3108148681ns6:CurrentFinancialInstruments2020-12-3108148681ns6:ShareCapital2021-12-3108148681ns6:ShareCapital2020-12-3108148681ns6:CapitalRedemptionReserve2021-12-3108148681ns6:CapitalRedemptionReserve2020-12-3108148681ns6:FurtherSpecificReserve1ComponentTotalEquity2021-12-3108148681ns6:FurtherSpecificReserve1ComponentTotalEquity2020-12-3108148681ns6:FurtherSpecificReserve2ComponentTotalEquity2021-12-3108148681ns6:FurtherSpecificReserve2ComponentTotalEquity2020-12-3108148681ns6:RetainedEarningsAccumulatedLosses2021-12-3108148681ns6:RetainedEarningsAccumulatedLosses2020-12-3108148681ns6:ShareCapital2019-12-3108148681ns6:RetainedEarningsAccumulatedLosses2019-12-3108148681ns6:CapitalRedemptionReserve2019-12-3108148681ns6:RetainedEarningsAccumulatedLosses2020-01-012020-12-3108148681ns6:CapitalRedemptionReserve2020-01-012020-12-3108148681ns6:ShareCapital2021-01-012021-12-3108148681ns6:RetainedEarningsAccumulatedLosses2021-01-012021-12-3108148681ns6:CapitalRedemptionReserve2021-01-012021-12-3108148681ns6:FurtherSpecificReserve1ComponentTotalEquity2019-12-3108148681ns6:FurtherSpecificReserve2ComponentTotalEquity2019-12-3108148681ns6:FurtherSpecificReserve1ComponentTotalEquity2020-01-012020-12-3108148681ns6:FurtherSpecificReserve2ComponentTotalEquity2020-01-012020-12-3108148681ns6:FurtherSpecificReserve1ComponentTotalEquity2021-01-012021-12-3108148681ns6:FurtherSpecificReserve2ComponentTotalEquity2021-01-012021-12-3108148681ns6:PlantMachinery2020-12-3108148681ns6:FurnitureFittings2020-12-3108148681ns6:PlantMachinery2021-01-012021-12-3108148681ns6:FurnitureFittings2021-01-012021-12-3108148681ns6:PlantMachinery2021-12-3108148681ns6:FurnitureFittings2021-12-3108148681ns6:PlantMachinery2020-12-3108148681ns6:FurnitureFittings2020-12-3108148681ns6:CostValuation2020-12-31081486811ns6:Subsidiary12021-01-012021-12-3108148681ns6:Subsidiary12021-12-3108148681ns6:Subsidiary12020-12-3108148681ns6:Subsidiary12020-01-012020-12-3108148681ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3108148681ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3108148681ns11:OrdinaryShareClass12021-12-3108148681ns6:RetainedEarningsAccumulatedLosses2020-12-3108148681ns6:CapitalRedemptionReserve2020-12-3108148681ns6:FurtherSpecificReserve1ComponentTotalEquity2020-12-3108148681ns6:FurtherSpecificReserve2ComponentTotalEquity2020-12-31

REGISTERED NUMBER: 08148681 (England and Wales)











GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021


FOR



COLVILLE CAPITAL PARTNERS LIMITED


COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)








CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021





Page




Company Information  

1




Group Strategic Report  

2




Report of the Directors  

3




Report of the Independent Auditors  

5




Consolidated Income Statement  

9




Consolidated Other Comprehensive Income  

10




Consolidated Balance Sheet  

11




Company Balance Sheet  

12




Consolidated Statement of Changes in Equity  

13




Company Statement of Changes in Equity  

14




Consolidated Cash Flow Statement  

15




Notes to the Consolidated Cash Flow Statement

16




Notes to the Consolidated Financial Statements

17





COLVILLE CAPITAL PARTNERS LIMITED



COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2021









DIRECTORS:

Jamac


M A L Philippe





REGISTERED OFFICE:

1 Kings Avenue


London


N21 3NA





REGISTERED NUMBER:

08148681 (England and Wales)





AUDITORS:

AGK Partners


Chartered Accountants & Statutory Auditors


1 Kings Avenue


London


N21 3NA





SOLICITORS:

Macfarlanes LLP


20 Cursitor Street


London


EC4A 1LT


COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2021


The directors present their strategic report of the company and the group for the year ended 31 December 2021.


In the course of 2021 Colville Capital Partners has become a holding company. For the period 15 January 2021 to 14 July 2021 the company operated as an investment advisor to its subsidiary Colville Capital Partners France regarding investments in publicly listed equities. Until the end of July 2021 Colville Capital Partners also finalised a mission of non-regulated monitoring work for an external client.


REVIEW OF BUSINESS

In the current year, the group  reported a profit before tax of £5,517,243 (2020 - £3,193,690).


Total turnover for the group in 2021 was £ 7,127,780 (2020 - £4,002,512).


The results for the year and the financial position at the year end were considered satisfactory by the directors who

expect a continued healthy financial position going forward


The Coronavirus COVID 19 pandemic continues to date and reminds us of how complex and interdependent the world's economy has become. The company is well structured and resilient. "Management decision-making and control mechanisms" are robust and continued to function without interruption. The Group has considered the inherent risks and evaluated the potential impact.


PRINCIPAL RISKS AND UNCERTAINTIES

Colville Capital Partners has become in 2021 a holding company except during the period from 15 January 2021 until 14 July 2021 during which the company operated as an investment advisor to its subsidiary Colville Capital Partners France regarding investments in publicly listed equities.Until the end of July 2021 Colville Capital Partners also finalised a mission of non-regulated monitoring work for an external client.


The main risks facing the company are operational risk, market risk and regulatory risk. The main operational risk involves Mathieu Philippe and JAMAC the two directors of CCP LTD being incapacitated to perform their functions. CCP faces market risk as adverse market conditions would undermine the search of investors for new funds managed by the Company's subsidiary Colville Capital Partners France. The Company faces regulatory risk as it was previously regulated by the Financial Conduct Authority and as the Company's subsidiary Colville Capital Partners France is regulated by the Autorités des Marchés Financiers in France.


RISK MANAGEMENT

Due to the size, nature, scale and complexity of the Firm, there is no independent risk management function. The Directors of the Firm determine the business strategy and risk appetite along with the risk management policies and procedures. The directors are responsible for the oversight of the firm's compliance and financial arrangements. They meet periodically with a set agenda and key decisions are documented.


The firm has commissioned accounting support from AGK Partners, 1 Kings Avenue, London, N21 3NA. Monthly management accounts are used to monitor and project its capital resources and to facilitate risk management in the firm.


Given the nature and activities of the firm, its risk appetite is low. It does not securitize assets or deal as principal and therefore does not have a trading book.


ON BEHALF OF THE BOARD:






M A L Philippe - Director



6 September 2022


COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2021


The directors present their report with the financial statements of the company and the group for the year ended 31 December 2021.


DIVIDENDS

During the period to 31 December 2021 a total of £3,237,858 was paid as interim dividends as below:-


- An interim dividend of £430,708 on 07th January 2021.


- An interim dividend of £268,172  on the 13th April 2021


- An interim dividend of £1,688,110 on the 14th April 2021


- An Interim dividend of £850,868 on the 06th December 2021.


FUTURE DEVELOPMENTS

There are no plans which will significantly change the activities and risks of the company.


DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2021 to the date of this report.


Jamac

M A L Philippe


ENGAGEMENT WITH EMPLOYEES

There are no employees within the Company.


Engagement with suppliers, customers and others


The Group does not confirm to any code or standard regarding payment practice. However, it is the Group's

policy to settle the terms of payment with suppliers when business is agreed, to ensure that suppliers are made

aware of them and to pay invoices in accordance with these terms.


DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.


Company law requires the directors to prepare financial statements for each financial year.  Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period.  In preparing these financial statements, the directors are required to:


-

select suitable accounting policies and then apply them consistently;

-

make judgements and accounting estimates that are reasonable and prudent;

-

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.


COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2021



AUDITORS

The auditors,  AGK Partners, will be proposed for re-appointment at the forthcoming Annual General Meeting.


ON BEHALF OF THE BOARD:






M A L Philippe - Director



6 September 2022


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

COLVILLE CAPITAL PARTNERS LIMITED


Opinion

We have audited the financial statements of Colville Capital Partners Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2021 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2021 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report.  We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.


Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.


In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.  We have nothing to report in this regard.


Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-

the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-

the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

COLVILLE CAPITAL PARTNERS LIMITED



Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.


We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-

adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-

the parent company financial statements are not in agreement with the accounting records and returns; or

-

certain disclosures of directors' remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit.


Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

COLVILLE CAPITAL PARTNERS LIMITED



Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion.  Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:


- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;


- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the Investment advisory sector;


- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, and health and safety legislation;


- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and


- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:


-  making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and


- obtaining an understanding of  the policies and procedures including internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations in order to design audit procedures that are appropriate in the circumstances (but not not for the purpose of expressing an opinion on the effectiveness of the company's internal control)

To address the risk of fraud through management bias and override of controls, we:


-  identified and assessed the risks of material misstatement of the financial statements, whether due to fraud or error, design and performed audit procedures responsive to those risks, and obtained audit evidence that is sufficient and appropriate to provide a basis for our opinion


-  performed analytical procedures to identify any unusual or unexpected relationships;


- tested journal entries to identify unusual transactions;


- assessed whether judgements and assumptions made in determining the accounting estimates in relation to income recognition were indicative of potential bias; and


- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:


- evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors;


- evaluating the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (i.e. gives a true and fair view);


-  reading the minutes of meetings of those charged with governance;


-  enquiring of management as to actual and potential litigation and claims;


- reviewing correspondence with HMRC and the company's legal advisors; and



REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

COLVILLE CAPITAL PARTNERS LIMITED


- Concluding on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve collusion, forgery, deliberate concealment and omissions, misrepresentations, or the override of internal control.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.


Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.





Alekos Andrea Christofi FCCA (Senior Statutory Auditor)

for and on behalf of AGK Partners

Chartered Accountants & Statutory Auditors

1 Kings Avenue

London

N21 3NA


6 September 2022


COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



CONSOLIDATED

INCOME STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2021



2021


2020


Notes

£   

£   



TURNOVER

3

7,127,780


4,002,512




Cost of sales

234,943


63,183



GROSS PROFIT

6,892,837


3,939,329




Administrative expenses

1,375,564


749,251



OPERATING PROFIT

5

5,517,273


3,190,078




Interest receivable and similar income

-


3,612



PROFIT BEFORE TAXATION

5,517,273


3,193,690




Tax on profit

6

1,320,105


664,946



PROFIT FOR THE FINANCIAL YEAR

4,197,168


2,528,744



Profit attributable to:

Owners of the parent

4,197,168


2,528,744




COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



CONSOLIDATED

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2021



2021


2020


Notes

£   

£   



PROFIT FOR THE YEAR

4,197,168


2,528,744





OTHER COMPREHENSIVE INCOME

-


-



TOTAL COMPREHENSIVE INCOME FOR THE

YEAR

4,197,168


2,528,744




Total comprehensive income attributable to:

Owners of the parent

4,197,168


2,528,744




COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



CONSOLIDATED BALANCE SHEET

31 DECEMBER 2021



2021

2020



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

9

26,635


9,525



Investments

10

-


-



26,635


9,525




CURRENT ASSETS

Debtors

11

3,376,912


1,575,435



Cash at bank

1,808,183


1,764,307



5,185,095


3,339,742



CREDITORS

Amounts falling due within one year

12

1,354,374


451,164



NET CURRENT ASSETS

3,830,721


2,888,578



TOTAL ASSETS LESS CURRENT LIABILITIES

3,857,356


2,898,103




CAPITAL AND RESERVES

Called up share capital

13

200


60,100



Capital redemption reserve

14

59,900


-



Other reserves

14

(59,900

)

(59,900

)


Other reserves

14

(60

)

-



Retained earnings

14

3,857,216


2,897,903



SHAREHOLDERS' FUNDS

3,857,356


2,898,103




The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:






M A L Philippe - Director



COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



COMPANY BALANCE SHEET

31 DECEMBER 2021



2021

2020



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

9

2,963


1,497



Investments

10

132,448


132,448



135,411


133,945




CURRENT ASSETS

Debtors

11

1,503,471


1,570,364



Cash at bank

503,992


866,534



2,007,463


2,436,898



CREDITORS

Amounts falling due within one year

12

182,109


288,739



NET CURRENT ASSETS

1,825,354


2,148,159



TOTAL ASSETS LESS CURRENT LIABILITIES

1,960,765


2,282,104




CAPITAL AND RESERVES

Called up share capital

13

200


60,100



Capital redemption reserve

14

59,900


-



Other reserves

14

(59,900

)

(59,900

)


Other reserves

14

(60

)

-



Retained earnings

14

1,960,625


2,281,904



SHAREHOLDERS' FUNDS

1,960,765


2,282,104




Company's profit for the financial year

2,916,579


2,192,766




The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:






M A L Philippe - Director



COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2021



Called up


Capital


share


Retained


redemption


capital


earnings


reserve

£   

£   

£   



Balance at 1 January 2020

60,100


1,378,021


-




Changes in equity

Dividends

-


(1,008,862

)

-



Total comprehensive income

-


2,528,744


-



Balance at 31 December 2020

60,100


2,897,903


-




Changes in equity

Issue of share capital

(59,900

)

-


-



Dividends

-


(3,237,855

)

-



Total comprehensive income

-


4,197,168


59,900



Balance at 31 December 2021

200


3,857,216


59,900




Other


Other


Total


reserves


reserves


equity

£   

£   

£   



Balance at 1 January 2020

(59,900

)

-


1,378,221




Changes in equity

Dividends

-


-


(1,008,862

)


Total comprehensive income

-


-


2,528,744



Balance at 31 December 2020

(59,900

)

-


2,898,103




Changes in equity

Issue of share capital

-


-


(59,900

)


Dividends

-


-


(3,237,855

)


Total comprehensive income

-


(60

)

4,257,008



Balance at 31 December 2021

(59,900

)

(60

)

3,857,356




COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2021



Called up


Capital


share


Retained


redemption


capital


earnings


reserve

£   

£   

£   



Balance at 1 January 2020

60,100


1,098,000


-



Dividends

-


(1,008,862

)

-



Total comprehensive income

-


2,192,766


-



Balance at 31 December 2020

60,100


2,281,904


-



Issue of share capital

(59,900

)

-


-



Dividends

-


(3,237,858

)

-



Total comprehensive income

-


2,916,579


59,900



Balance at 31 December 2021

200


1,960,625


59,900




Other


Other


Total


reserves


reserves


equity

£   

£   

£   



Balance at 1 January 2020

(59,900

)

-


1,098,200



Dividends

-


-


(1,008,862

)


Total comprehensive income

-


-


2,192,766



Balance at 31 December 2020

(59,900

)

-


2,282,104



Issue of share capital

-


-


(59,900

)


Dividends

-


-


(3,237,858

)


Total comprehensive income

-


(60

)

2,976,419



Balance at 31 December 2021

(59,900

)

(60

)

1,960,765




COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2021



2021


2020


Notes

£   

£   


Cash flows from operating activities

Cash generated from operations

1

4,046,008


2,937,996



Tax paid

(737,078

)

(521,275

)


Net cash from operating activities

3,308,930


2,416,721




Cash flows from investing activities

Purchase of tangible fixed assets

(20,991

)

(6,297

)


Sale of fixed asset investments

(6,292

)

-



Interest received

-


3,612



Net cash from investing activities

(27,283

)

(2,685

)



Cash flows from financing activities

Amount introduced by directors

-


117



Amount withdrawn by directors

(734

)

-



Share buyback

(60

)

-



Equity dividends paid

(3,237,855

)

(1,008,862

)


Net cash from financing activities

(3,238,649

)

(1,008,745

)



Increase in cash and cash equivalents

42,998


1,405,291



Cash and cash equivalents at beginning of

year

2

1,764,307


359,016



Effect of foreign exchange rate changes

878


-



Cash and cash equivalents at end of year

2

1,808,183


1,764,307




COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2021


1.

RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS


2021


2020

£   

£   



Profit before taxation

5,517,273


3,193,690




Depreciation charges

3,802


3,123




Loss on disposal of fixed assets

6,292


-




Finance income

-


(3,612

)


5,527,367


3,193,201




Increase in trade and other debtors

(1,801,477

)

(32,055

)



Increase/(decrease) in trade and other creditors

320,118


(223,150

)



Cash generated from operations

4,046,008


2,937,996




2.

CASH AND CASH EQUIVALENTS



The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:



Year ended 31 December 2021


31.12.21


1.1.21

£   

£   



Cash and cash equivalents

1,808,183


1,764,307




Year ended 31 December 2020


31.12.20


1.1.20

£   

£   



Cash and cash equivalents

1,764,307


359,016





3.

ANALYSIS OF CHANGES IN NET FUNDS



At 1.1.21

Cash flow

At 31.12.21

£   

£   

£   



Net cash



Cash at bank

1,764,307


43,876


1,808,183



1,764,307


43,876


1,808,183




Total

1,764,307


43,876


1,808,183




COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021


1.

STATUTORY INFORMATION



Colville Capital Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.


2.

ACCOUNTING POLICIES



Basis of preparing the financial statements


These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.  



Basis of consolidation


The consolidated financial statements present the results of the company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.



The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.



In accordance with the transitional exemption available in FRS 102, the group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of


transition to FRS 102, being 01 January 2015.



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of amounts receivable in respect of services provided in the year, net of trade discounts and excluding value added tax.

Revenue is recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.

Revenue is recognised in the period in which the services are rendered.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as stated below.

The estimated useful lives range as follows:-

Fixtures and fittings-3 years straight line
Office equipment-3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Consolidated Statement of Comprehensive Income.


COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2021


2.

ACCOUNTING POLICIES - continued


Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.


Foreign currencies


Functional and presentation currency

The company's functional and presentational currency is £ sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

On consolidation, the results of overseas operations are translated into Sterling at rates approximating to those ruling when the transactions took place. All assets and liabilities of overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on translating the opening net assets at opening rate and the results of overseas operations at actual rate are recognised in other comprehensive income.

Dividends

Equity dividends are recognised when they become legally payable.

Pensions

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in the Consolidated Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Group in independently administered funds.


COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2021


2.

ACCOUNTING POLICIES - continued



Basic financial instruments


The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.



Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.



Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.



Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management.


Judgments in applying accounting policies and key sources of estimation uncertainty



In the process of applying the Company's accounting policies, which are described in Note 1, management has made some judgments that have significant effect on the amounts recognised in the financial statements. These also include key assumptions concerning the future, and other key sources of estimation uncertainty at the balance sheet date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.



Information about key assumptions concerning the future and other key sources of estimation uncertainty


are disclosed in the notes to the financial statements where applicable. These include discount rates, the


best estimates of the useful lives and residual values of plant and equipment, the classification of leases


as either operational or financial.


3.

TURNOVER



The turnover and profit before taxation are attributable to the one principal activity of the group.



An analysis of turnover by class of business is given below:



2021


2020

£   

£   



Fees received

7,127,780


4,002,512



7,127,780


4,002,512





All turnover arose within the European Union excluding the United Kingdom.


4.

EMPLOYEES AND DIRECTORS


2021


2020

£   

£   



Wages and salaries

502,169


348,449





The average number of employees during the year was as follows:


2021


2020



Directors and senior management

2


2




Back office,sales and admin staff

3


3



5


5





The average number of employees by undertakings that were proportionately consolidated during the year was 3 (2020 - 5 ) .


COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2021


4.

EMPLOYEES AND DIRECTORS - continued



2021


2020

£   

£   



Directors' remuneration

-


-




5.

OPERATING PROFIT



The operating profit is stated after charging/(crediting):



2021


2020

£   

£   



Depreciation - owned assets

3,881


3,123




Loss on disposal of fixed assets

6,292


-




Auditors' remuneration

6,250


6,250




Foreign exchange differences

99,487


(53,947

)



6.

TAXATION



Analysis of the tax charge


The tax charge on the profit for the year was as follows:


2021


2020

£   

£   



Current tax:


UK corporation tax

392,660


469,938




Foreign tax

927,445


195,008





Tax on profit

1,320,105


664,946





Reconciliation of total tax charge included in profit and loss


The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:



2021


2020

£   

£   



Profit before tax

5,517,273


3,193,690




Profit multiplied by the standard rate of corporation tax in the UK of 19 % (2020 -

19 %)  

1,048,282


606,801





Effects of:


Expenses not deductible for tax purposes

801


713




Income not taxable for tax purposes

-


(46,240

)



Capital allowances in excess of depreciation

(3,266

)

-




Higher/(lower) rate taxes on overseas earnings  

261,606


103,672




Changes in Forex gain  

12,682


-




Total tax charge

1,320,105


664,946




7.

INDIVIDUAL INCOME STATEMENT



As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.



COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2021


8.

DIVIDENDS


2021


2020

£   

£   



Ordinary shares shares of 1 each


Interim

1,845,534


504,431




"A" Ordinary shares shares of 1 each


Interim

994,669


504,431




"M" Ordinary shares shares of 1 each


Interim

397,652


-



3,237,855


1,008,862




9.

TANGIBLE FIXED ASSETS



Group


Fixtures



Plant and


and



machinery


fittings


Totals

£   

£   

£   



COST


At 1 January 2021

3,670


12,592


16,262




Additions

1,621


19,370


20,991




At 31 December 2021

5,291


31,962


37,253




DEPRECIATION


At 1 January 2021

2,173


4,564


6,737




Charge for year

155


3,726


3,881




At 31 December 2021

2,328


8,290


10,618




NET BOOK VALUE


At 31 December 2021

2,963


23,672


26,635




At 31 December 2020

1,497


8,028


9,525





Company


Fixtures



Plant and


and



machinery


fittings


Totals

£   

£   

£   



COST


At 1 January 2021

3,670


850


4,520




Additions

1,621


-


1,621




At 31 December 2021

5,291


850


6,141




DEPRECIATION


At 1 January 2021

2,173


850


3,023




Charge for year

155


-


155




At 31 December 2021

2,328


850


3,178




NET BOOK VALUE


At 31 December 2021

2,963


-


2,963




At 31 December 2020

1,497


-


1,497




COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2021


10.

FIXED ASSET INVESTMENTS



Company


Shares in


group


undertakings

£   



COST


At 1 January 2021


and 31 December 2021

132,448




NET BOOK VALUE


At 31 December 2021

132,448




At 31 December 2020

132,448





The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:



Subsidiary



Colville Capital Partners France


Registered office: France


Nature of business: Investment advisory


%


Class of shares:

holding



Ordinary

100.00


2021

2020


£   

£   



Aggregate capital and reserves

2,039,514


748,381




Profit for the year

2,588,710


556,470





11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR




Group


Company


2021

2020

2021

2020


£   

£   

£   

£   



Trade debtors

3,300,653


420,310


-


-




Other debtors

25,213


12,884


-


3,995




VAT

3,373


9,588


3,373


9,588




Prepayments and accrued income

47,673


1,132,653


1,500,098


1,556,781



3,376,912


1,575,435


1,503,471


1,570,364




12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR




Group


Company


2021

2020

2021

2020


£   

£   

£   

£   



Trade creditors

39,331


37,231


1,550


29,889




Amounts owed to group undertakings

799


-


799


799




Tax

970,579


387,552


162,962


241,629




Other creditors

5,947


2,606


953


1,978




Directors' current accounts

4,356


5,090


4,356


5,090




Accrued expenses

333,362


18,685


11,489


9,354



1,354,374


451,164


182,109


288,739




COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2021


13.

CALLED UP SHARE CAPITAL






Allotted, issued and fully paid:


Number:

Class:

Nominal

2021

2020



value:

£   

£   



200

Ordinary shares

1

200


100




NIL

"A" Ordinary shares

1

-


100




NIL

"M" Ordinary shares

1

-


59,900



200


60,100




On the 15th September 2021, the company redeemed 59,900 "M" Ordinary shares of £1 each at a total value of £59.90.

On the 16th September 2021, the company also redesignated 100 "A" Ordinary shares of £1 each to 100 Ordinary shares of £1 each.

As a result of the above restructuring of the share capital the company's share capital as at 31 December 2021 comprise of 200 Ordinary shares of £1each.

14.

RESERVES



Group


Capital



Retained


redemption


Other


Other



earnings


reserve


reserves


reserves


Totals

£   

£   

£   

£   

£   




At 1 January 2021

2,897,903


-


(59,900

)

-


2,838,003




Profit for the year

4,197,168


4,197,168




Dividends

(3,237,855

)

(3,237,855

)



Purchase of own shares

-


59,900


-


(60

)

59,840




At 31 December 2021

3,857,216


59,900


(59,900

)

(60

)

3,857,156





Company


Capital



Retained


redemption


Other


Other



earnings


reserve


reserves


reserves


Totals

£   

£   

£   

£   

£   




At 1 January 2021

2,281,904


-


(59,900

)

-


2,222,004




Profit for the year

2,916,579


2,916,579




Dividends

(3,237,858

)

(3,237,858

)



Purchase of own shares

-


59,900


-


(60

)

59,840




At 31 December 2021

1,960,625


59,900


(59,900

)

(60

)

1,960,565





Other reserves



59,900 M shares which only carry voting rights in relation to the M Contractual Arrangements.



Profit and loss account



The profit and loss reserve contains the cumulative balance of retained profit and losses since the


company started trading. It is a distributable reserve.


COLVILLE CAPITAL PARTNERS LIMITED (REGISTERED NUMBER: 08148681)



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2021


15.

RELATED PARTY DISCLOSURES



At the year end, the company owed NIL  (2020 - £1,309) to Powis Capital Limited. M A L Philippe is a director of the company.



The company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.


16.

ULTIMATE CONTROLLING PARTY



The company is controlled jointly by Powis Capital Limited, a company incorporated in the United Kingdom


and JAMAC, a company incorporated in France.