Company registration number 10090304 (England and Wales)
AUSTIN ANDREW HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
AUSTIN ANDREW HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
AUSTIN ANDREW HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
2
1,453,030
1,453,030
Current assets
Debtors
3
1,006
1,000
Creditors: amounts falling due within one year
4
(1,421,513)
(1,170,940)
Net current liabilities
(1,420,507)
(1,169,940)
Total assets less current liabilities
32,523
283,090
Creditors: amounts falling due after more than one year
5
(27,722)
(156,502)
Net assets
4,801
126,588
Capital and reserves
Called up share capital
6
611
1,000
Share premium account
1,250
-
0
Capital redemption reserve
395
-
0
Profit and loss reserves
2,545
125,588
Total equity
4,801
126,588

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 3 November 2023 and are signed on its behalf by:
Mr J S Willacy
Director
Company registration number 10090304 (England and Wales)
AUSTIN ANDREW HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 2 -
1
Accounting policies
Company information

Austin Andrew Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 68 Village Way, Beckenham, Kent, BR3 3NR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

AUSTIN ANDREW HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
1,453,030
1,453,030

The company has not designated any financial assets that are not classified as financial assets at fair value through profit or loss.

3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
1,006
1,000

Trade debtors disclosed above are measured at amortised cost.

4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
1,421,513
1,170,940
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
27,722
156,502
AUSTIN ANDREW HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 4 -
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of 10p each
4,250
4,250
425
425
Ordinary B of £1 each
-
283
-
283
Ordinary C of 10p each
1,550
1,550
155
155
Ordinary D of £1 each
-
112
-
112
Ordinary E of 10p each
250
250
25
25
Ordinary F of 10p each
61
-
6
-
6,111
6,445
611
1,000
7
Related party transactions

Included within other creditors is £1,294,859 (2022: £1,044,207) due to Austin Andrew Limited, a subsidiary company.

 

At the balance sheet date the company owed the directors £1,654 (2022: £1,733). This loan is interest free and has no fixed repayment schedule.

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