JRQC Astraea Holdings Ltd 13441142 false 2021-06-07 2021-12-31 2021-12-31 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true false true 13441142 2021-06-07 2021-12-31 13441142 2021-12-31 13441142 core:RetainedEarningsAccumulatedLosses 2021-12-31 13441142 core:ShareCapital 2021-12-31 13441142 core:CostValuation 2021-12-31 13441142 bus:SmallEntities 2021-06-07 2021-12-31 13441142 bus:AuditExemptWithAccountantsReport 2021-06-07 2021-12-31 13441142 bus:FullAccounts 2021-06-07 2021-12-31 13441142 bus:SmallCompaniesRegimeForAccounts 2021-06-07 2021-12-31 13441142 bus:RegisteredOffice 2021-06-07 2021-12-31 13441142 bus:Director2 2021-06-07 2021-12-31 13441142 bus:PrivateLimitedCompanyLtd 2021-06-07 2021-12-31 13441142 core:Subsidiary1 2021-06-07 2021-12-31 13441142 core:Subsidiary1 1 2021-06-07 2021-12-31 13441142 core:Subsidiary1 2 2021-06-07 2021-12-31 13441142 core:Subsidiary1 countries:UnitedKingdom 2021-06-07 2021-12-31 13441142 countries:AllCountries 2021-06-07 2021-12-31 13441142 core:AdditionsToInvestments 2021-06-06 iso4217:GBP xbrli:pure

Registration number: 13441142

JRQC Astraea Holdings Ltd

Annual Report and Unaudited Financial Statements

for the Period from 7 June 2021 to 31 December 2021

 

JRQC Astraea Holdings Ltd

(Registration number: 13441142)
Balance Sheet as at 31 December 2021

Note

31 December 2021
 £

Fixed assets

 

Investments

4

50

Current assets

 

Debtors

5

50

Cash at bank and in hand

 

5,000

 

5,050

Net assets

 

5,100

Capital and reserves

 

Called up share capital

100

Profit and loss account

5,000

Total equity

 

5,100

For the financial period ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 September 2022 and signed on its behalf by:
 


N Stewart
Director

 

JRQC Astraea Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 7 June 2021 to 31 December 2021

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Interpark House
7 Down Street
London
W1J 7AJ

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small group.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

 

JRQC Astraea Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 7 June 2021 to 31 December 2021

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

JRQC Astraea Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 7 June 2021 to 31 December 2021

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

JRQC Astraea Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 7 June 2021 to 31 December 2021

 

4

Investments

2021
£

Investments in subsidiaries

50

Subsidiaries

£

Cost

Additions

50

At 31 December 2021

50

Carrying amount

At 31 December 2021

50

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2021

Subsidiary undertakings

Astraea Group Limited

7 Down Street
London
W1J 7AJ

United Kingdom

A Ordinary £1

B Ordinary £1

50%

100%

Subsidiary undertakings

Astraea Group Limited

The principal activity of Astraea Group Limited is provision of legal services.

 

5

Debtors

31 December 2021
 £

Other debtors

50