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COMPANY REGISTRATION NUMBER: 10976140
AIJ HOLDINGSUK LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2022
AIJ HOLDINGSUK LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2022
2022
2021
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
88,091
Investments
5
7,479,874
7,434,402
-------------
-------------
7,567,965
7,434,402
CURRENT ASSETS
Debtors
6
575,000
1,040,000
Cash at bank and in hand
1,464,316
479,282
-------------
-------------
2,039,316
1,519,282
CREDITORS: amounts falling due within one year
7
177,105
173,008
-------------
-------------
NET CURRENT ASSETS
1,862,211
1,346,274
-------------
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
9,430,176
8,780,676
CREDITORS: amounts falling due after more than one year
8
2,519,512
2,695,512
-------------
-------------
NET ASSETS
6,910,664
6,085,164
-------------
-------------
CAPITAL AND RESERVES
Called up share capital
3
3
Share premium account
1,649,998
1,649,998
Profit and loss account
5,260,663
4,435,163
-------------
-------------
SHAREHOLDERS FUNDS
6,910,664
6,085,164
-------------
-------------
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 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
AIJ HOLDINGSUK LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2022
These financial statements were approved by the board of directors and authorised for issue on 7 September 2022 , and are signed on behalf of the board by:
Dr S Hussain
Director
Company registration number: 10976140
AIJ HOLDINGSUK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 216 Allerton Road, Mossley Hill, Liverpool, L18 6JN.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
In March 2020 the UK was impacted by the outbreak of Covid-19. The Government imposed significant restrictions at that time in an effort to manage the spread of the virus which resulted in the company having to review and change its working practices to ensure compliance with these restrictions. More latterly, the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(d) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
(e) Investments in subsidiaries
Investments in subsidiaries accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in subsidiaries accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
(f) 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.
(g) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. TANGIBLE ASSETS
Freehold property
£
Cost
At 1 April 2021
Additions
88,091
--------
At 31 March 2022
88,091
--------
Depreciation
At 1 April 2021 and 31 March 2022
--------
Carrying amount
At 31 March 2022
88,091
--------
At 31 March 2021
--------
5. INVESTMENTS
Shares in group undertakings
Other investments other than loans
Total
£
£
£
Cost
At 1 April 2021
7,029,308
405,094
7,434,402
Additions
45,472
45,472
-------------
----------
-------------
At 31 March 2022
7,029,308
450,566
7,479,874
-------------
----------
-------------
Impairment
At 1 April 2021 and 31 March 2022
-------------
----------
-------------
Carrying amount
At 31 March 2022
7,029,308
450,566
7,479,874
-------------
----------
-------------
At 31 March 2021
7,029,308
405,094
7,434,402
-------------
----------
-------------
The fixed asset investment represents the cost of acquiring 100% of the issued share capital of Chantastic Limited and Danescroft Dental Practice Limited.
The Companies are trading Companies registered in England and Wales.
Under the provision of section 398 of the Companies Act 2006, the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as a single entity.
6. DEBTORS
2022
2021
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
575,000
1,040,000
----------
-------------
7. CREDITORS: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
172,305
168,611
Accruals and deferred income
990
990
Directors current account
3,810
3,407
----------
----------
177,105
173,008
----------
----------
8. CREDITORS: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
2,519,512
2,695,512
-------------
-------------
9. RELATED PARTY TRANSACTIONS
The directors operate a directors loan account with the company. At 31 March 2022 the company owed the directors £ 3,809 (2021: £ 3,408 ). This was the maximum outstanding during the year. This amount is repayable upon demand.