for the Period Ended 31 December 2020
Balance sheet | |
Notes |
As at
Notes | 2020 | 2019 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Investments: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | ( | ( | |
Net current assets (liabilities): | ( | ( | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | ( | ( | |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Share premium account: | | | |
Profit and loss account: | | | |
Shareholders funds: | | |
The notes form part of these financial statements
The directors have chosen to not file a copy of the company’s profit & loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2020
for the Period Ended 31 December 2020
2020 | 2019 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 December 2020
The investments are included at fair value. The Company assesses the fair value of each investment at each reporting date or when new material information becomes available. The fair value was calculated using the price of shares issued to an investor both before and after the balance sheet date and it was assumed that the Company’s investment could be sold at the same price per share. The Company has pledged its shares in Ambershaw Metallics Inc as collateral against term loans and accrued interest of US$3.48 million (31 December 2019: US$3.26 million) provided by third parties to Amberhsaw Metallics Inc. A provision for these term loans were set off against the value of these shares as at 31 December 2019 but due to the initiation of fund raising at Ambershaw Metallics Inc in 2021 the set off has been unwound.
for the Period Ended 31 December 2020
2020 | 2019 | |
---|---|---|
£ | £ | |
Debtors due after more than one year: | | |