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COMPANY REGISTRATION NUMBER: 14042592
ASKHAM BRYAN INVESTMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 May 2023
ASKHAM BRYAN INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
31 May 2023
31 May 23
Note
£
£
FIXED ASSETS
Investments
5
1,469,967
CREDITORS: amounts falling due within one year
6
850
----
NET CURRENT LIABILITIES
850
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,469,117
CREDITORS: amounts falling due after more than one year
7
720,000
-------------
NET ASSETS
749,117
-------------
CAPITAL AND RESERVES
Called up share capital
780,000
Profit and loss account
( 30,883)
----------
SHAREHOLDERS FUNDS
749,117
----------
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 comprehensive income has not been delivered.
For the period ending 31 May 2023 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 financial statements for the period 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 .
ASKHAM BRYAN INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 30 January 2024 , and are signed on behalf of the board by:
Mr F H Brown
Director
Company registration number: 14042592
ASKHAM BRYAN INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 12 APRIL 2022 TO 31 MAY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Cottage, Askham Bryan, YORK, YO23 3QS.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 2 .
5. INVESTMENTS
Ruffer portfolio
LCM Family portfolio
Total
£
£
£
Cost
At 12 April 2022
Additions
1,416,919
83,081
1,500,000
Disposals
( 6,683)
( 6,683)
Revaluations
( 43,824)
20,804
( 23,020)
Other movements
( 330)
( 330)
-------------
----------
-------------
At 31 May 2023
1,366,412
103,555
1,469,967
-------------
----------
-------------
Impairment
At 12 April 2022 and 31 May 2023
-------------
----------
-------------
Carrying amount
At 31 May 2023
1,366,412
103,555
1,469,967
-------------
----------
-------------
6. CREDITORS: amounts falling due within one year
31 May 23
£
Accruals and deferred income
850
----
7. CREDITORS: amounts falling due after more than one year
31 May 23
£
Shares classed as financial liabilities
720,000
----------