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Financial Statements |
Contents |
Page |
Directors' report |
1 |
Statement of comprehensive income |
2 |
Statement of financial position |
3 |
Statement of changes in equity |
5 |
Notes to the financial statements |
6 |
|
Directors' Report |
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Director |
Registered office: |
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Statement of Comprehensive Income |
2022 |
2021 |
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Note |
£ |
£ |
Turnover |
(
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Other operating expenses |
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--------- |
------------ |
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Operating (loss)/profit |
(
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Fair value adjustment and disposal of group interests |
5 |
(
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Fair value adjustment and disposal of participating interests |
6 |
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(
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Income from fixed asset investments |
7 |
(
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Other interest receivable and similar income |
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Interest payable and similar expenses |
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------------ |
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(Loss)/profit before taxation |
(
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Tax on (loss)/profit |
|
– |
------------ |
------------ |
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(Loss)/profit for the financial year and total comprehensive income |
(
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------------ |
------------ |
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
Investments |
8 |
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Debtors |
9 |
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Current asset investments |
10 |
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Cash at bank and in hand |
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------------- |
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Creditors: amounts falling due within one year |
11 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
12 |
– |
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Net assets |
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Called up share capital |
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Profit and loss account |
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------------- |
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Shareholders funds |
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------------- |
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Statement of Financial Position (continued) |
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Director |
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Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
|
£ |
£ |
£ |
|
At 1st January 2021 |
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Profit for the year |
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------- |
------------- |
------------- |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
– |
(
|
(
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------- |
------------- |
------------- |
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Total investments by and distributions to owners |
– |
(
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(
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At 31st December 2021 |
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Loss for the year |
(
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(
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------- |
------------- |
------------- |
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Total comprehensive income for the year |
– |
(
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(
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Dividends paid and payable |
– |
(
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(
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---- |
--------- |
--------- |
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Total investments by and distributions to owners |
– |
(
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(
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------- |
------------- |
------------- |
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At 31st December 2022 |
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------------- |
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Notes to the Financial Statements |
2022 |
2021 |
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£ |
£ |
|
Loan |
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--------- |
--------- |
|
2022 |
2021 |
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£ |
£ |
|
Gain/(loss) on disposal of group interests |
– |
40,897 |
Gain/(loss) on fair value adjustment to group interests |
(500,000) |
1,893,422 |
--------- |
------------ |
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(
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--------- |
------------ |
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2022 |
2021 |
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£ |
£ |
|
Gain/(Loss) on fair value adjustment of participating interests |
270,543 |
(27,512) |
--------- |
-------- |
|
2022 |
2021 |
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£ |
£ |
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Dividends from current asset investments |
129,191 |
119,156 |
Gain/(loss) on disposal of fixed/current asset investments |
(1,016,166) |
745,568 |
Gain/(loss) on fair value adjustment to fixed/current asset investments |
(1,904,471) |
482,647 |
Foreign exchange profit /(loss) |
340,562 |
(26,725) |
Interest Receivable |
111,788 |
71,885 |
Management fees and charges |
(68,494) |
(43,156) |
Interest payable |
(23,038) |
(13,524) |
------------ |
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(
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------------ |
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Group undertakings |
Participating interests |
Other investments other than loans |
Total |
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£ |
£ |
£ |
£ |
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Cost |
||||
At 1st January 2022 |
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– |
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Additions |
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Disposals |
(
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(
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(
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(
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Revaluations |
(
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(
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(
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Transfers |
(
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(
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11,531,642
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9,115,133
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------------- |
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At 31st December 2022 |
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------------- |
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Impairment |
||||
At 1st January 2022 and 31st December 2022 |
– |
– |
– |
– |
------------- |
------------- |
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------------- |
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Carrying amount |
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At 31st December 2022 |
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------------- |
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------------- |
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At 31st December 2021 |
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– |
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Group undertakings |
Participating interests |
Other investments other than loans |
Total |
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£ |
£ |
£ |
£ |
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At 31st December 2022 |
||||
Aggregate cost |
6,486,986 |
4,850,679 |
9,022,170 |
20,359,835 |
Aggregate depreciation |
– |
– |
– |
– |
------------ |
------------ |
------------ |
------------- |
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Carrying value |
6,486,986 |
4,850,679 |
9,022,170 |
20,359,835 |
------------ |
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At 31st December 2021 |
||||
Aggregate cost |
11,317,724 |
9,976,258 |
– |
21,293,982 |
Aggregate depreciation |
– |
– |
– |
– |
------------- |
------------ |
---- |
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Carrying value |
11,317,724 |
9,976,258 |
– |
21,293,982 |
------------- |
------------ |
---- |
------------- |
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2022 |
2021 |
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£ |
£ |
|
Trade debtors |
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Other debtors |
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------------- |
------------- |
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------------- |
------------- |
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2022 |
2021 |
|
£ |
£ |
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Other investments |
2,417,370 |
11,575,943 |
------------ |
------------- |
|
2022 |
2021 |
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£ |
£ |
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Trade creditors |
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Social security and other taxes |
– |
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Other creditors |
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------------- |
------------ |
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------------- |
------------ |
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2022 |
2021 |
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£ |
£ |
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Other creditors |
– |
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---- |
------------- |
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