COMPANY REGISTRATION NUMBER:
08493544
Separation Technologies Investments Limited
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Filleted Unaudited Abridged Financial Statements
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Separation Technologies Investments Limited
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Abridged Financial Statements
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Year ended 31 December 2021
Abridged statement of financial position
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1
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Notes to the abridged financial statements
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2
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Separation Technologies Investments Limited
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Abridged Statement of Financial Position
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31 December 2021
Fixed assets
Creditors: amounts falling due within one year
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2
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2
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----
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----
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Net current liabilities
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2
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2
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----
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----
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Total assets less current liabilities
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100
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100
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----
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----
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Capital and reserves
Called up share capital
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100
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100
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----
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----
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Shareholders funds
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100
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100
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----
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----
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These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
6 June 2022
, and are signed on behalf of the board by:
Company registration number:
08493544
Separation Technologies Investments Limited
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Notes to the Abridged Financial Statements
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Year ended 31 December 2021
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Midway House, Herrick Way, Staverton Technology Park, Cheltenham, Gloucestershire, GL51 6TQ, UK.
2.
Statement of compliance
These abridged 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 abridged financial statements have been prepared on the historical cost basis. The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated abridged financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
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Patents
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-
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20% straight line
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4.
Intangible assets
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£
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Cost
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At 1 January 2021 and 31 December 2021
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66,000
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Amortisation
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At 1 January 2021 and 31 December 2021
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66,000
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Carrying amount
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At 31 December 2021
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–
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At 31 December 2020
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–
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--------
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5.
Investments
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£
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Cost
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At 1 January 2021 and 31 December 2021
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102
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Impairment
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At 1 January 2021 and 31 December 2021
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–
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----
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Carrying amount
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At 31 December 2021
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102
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At 31 December 2020
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102
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