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Anthemis Asset Management Limited
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For the year ended 31 December 2024
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Registered number: 14518966
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Anthemis Asset Management Limited - Registered number: 14518966
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Balance sheet
As at 31 December 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Page 1
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Anthemis Asset Management Limited - Registered number: 14518966
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Balance sheet (continued)
As at 31 December 2024
The notes on pages 5 to 9 form part of these financial statements.
Page 2
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Anthemis Asset Management Limited
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Statement of changes in equity
For the year ended 31 December 2024
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Comprehensive income for the year
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Total comprehensive income for the year
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Contributions by and distributions to owners
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Transfer to profit and loss account
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Shares issued during the period
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Total transactions with owners
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The notes on pages 5 to 9 form part of these financial statements.
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Page 3
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Anthemis Asset Management Limited
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Statement of changes in equity
For the year ended 31 December 2023
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Comprehensive income for the period
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Total comprehensive income for the period
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Contributions by and distributions to owners
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Shares issued during the period
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Total transactions with owners
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The notes on pages 5 to 9 form part of these financial statements.
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Page 4
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Anthemis Asset Management Limited
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Notes to the financial statements
For the year ended 31 December 2024
Anthemis Asset Management Limited is a private company limited by shares and incorporated on 1 December 2022. The company is registered in England and Wales, registration number 14518966.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
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Exemption from preparing consolidated financial statements
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The Company and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
The Directors have assessed the ability of the Company to continue as a going concern for the next 12 months from the date of approval of these financial statements.
As the Company has 100% owned subsidiaries that earn its revenue from contractual obligations related to long term capital commitments by sophisticated investors, the Directors consider the risk associated with liquidity to be remote.
Additionally, expenses and liabilities of these subsidiaries are largely related to resourcing those capital commitments and can be appropriately managed.
Having performed the analysis above, the Directors believe the Company has sufficient liquidity to meet its liabilities for the 12 months from the date of approval of these financial statements and that the preparation of the financial statements on a going concern basis remains appropriate as the Company expects to be able to meet its obligations as and when they fall due for the foreseeable future.
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Where there is any evidence of impairment, recoverable amounts of the subsidiaries are calculated with reference to the higher of its fair value less costs to sell and its value in use. The excess of carrying value over the recoverable amount is then taken to profit and loss as an impairment charge and the investment in subsidiary is then recorded at historic cost less impairment.
Page 5
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Anthemis Asset Management Limited
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Notes to the financial statements
For the year ended 31 December 2024
2.Accounting policies (continued)
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
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The average monthly number of employees, including directors, during the year was 0 (2023 - 0).
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Page 6
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Anthemis Asset Management Limited
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Notes to the financial statements
For the year ended 31 December 2024
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Investments in subsidiary companies
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Page 7
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Anthemis Asset Management Limited
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Notes to the financial statements
For the year ended 31 December 2024
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Amounts owed by group undertakings
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Allotted, called up and fully paid
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401 (2023 - 301) Ordinary shares of £1.00 each
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During the year to 31 December 2024, the Company issued 100 ordinary shares of an aggregate £100 nominal value. Total consideration of £1,314,818 was received in relation to the issued shares.
Page 8
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Anthemis Asset Management Limited
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Notes to the financial statements
For the year ended 31 December 2024
Share premium account
Share premium includes amounts received in consideration for the shares issued on 31 March 2023, 4 July 2023, 9 October 2023 and 19 November 2024 in excess of the aggregate nominal value.
Other reserves
Other reserves includes amounts received in consideration for the shares issued on 31 March 2023, in excess of the aggregate nominal value.
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Related party transactions
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The Company has taken advantage of the exemption in section 33.1A of FRS 102 and has not disclosed
transactions with wholly owned subsidiaries within the same group.
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The immediate parent undertaking and controlling party is Anthemis Asset Management Sarl, which prepares group financial statements. The registered office of Anthemis Group SA is 15, Boulevard Friedrich Raiffeisen L-2411 Luxembourg.
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