AIRNOW LIMITED

Company Registration Number:
10706264 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

AIRNOW LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

AIRNOW LIMITED

Balance sheet

As at 31 December 2021


Notes

2021

2020


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 243,196 181,569
Tangible assets: 4 21,831 3,579
Investments: 5 26,098,795 22,118,968
Total fixed assets: 26,363,822 22,304,116
Current assets
Stocks: 0 0
Debtors:   34,619,437 27,679,144
Cash at bank and in hand: 155,872 940,824
Investments:   0 0
Total current assets: 34,775,309 28,619,968
Creditors: amounts falling due within one year:   (3,107,207) (3,796,002)
Net current assets (liabilities): 31,668,102 24,823,966
Total assets less current liabilities: 58,031,924 47,128,082
Creditors: amounts falling due after more than one year:   (9,613,987) (5,517,888)
Total net assets (liabilities): 48,417,937 41,610,194
Capital and reserves
Called up share capital: 8,454,218 7,849,434
Share premium account: 41,805,838 32,106,487
Revaluation reserve:61,503,62422,835
Other reserves: 2,877,698 2,273,726
Profit and loss account: (6,223,441) (642,288)
Shareholders funds: 48,417,937 41,610,194

The notes form part of these financial statements

AIRNOW LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 November 2023
and signed on behalf of the board by:

Name: Philip Marcella
Status: Director

The notes form part of these financial statements

AIRNOW LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

AIRNOW LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 1 0

AIRNOW LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Intangible Assets

Total
Cost £
At 01 January 2021 207,050
Additions 180,258
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2021 387,308
Amortisation
At 01 January 2021 25,481
Charge for year 118,631
On disposals 0
Other adjustments 0
At 31 December 2021 144,112
Net book value
At 31 December 2021 243,196
At 31 December 2020 181,569

AIRNOW LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Tangible Assets

Total
Cost £
At 01 January 2021 4,495
Additions 23,432
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2021 27,927
Depreciation
At 01 January 2021 916
Charge for year 5,180
On disposals 0
Other adjustments 0
At 31 December 2021 6,096
Net book value
At 31 December 2021 21,831
At 31 December 2020 3,579

AIRNOW LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Fixed investments

Investments in shares are included at cost less impairment.At each reporting year end, the carrying value of each investment is tested for impairment to assess whether the value of the investment carried at no more than its recoverable amount. When carrying out impairment tests these would be based upon future cash flow forecasts for the cash generating unit of each investment and these forecasts would be based upon management judgement.

AIRNOW LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

6. Revaluation reserve

2021
£
Balance at 01 January 2021 22,835
Surplus or deficit after revaluation 1,480,789
Balance at 31 December 2021 1,503,624