for the Period Ended 31 March 2020
Balance sheet | |
Notes |
As at
Notes | 2020 | 2019 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Investments: | 4 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 5 | | |
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: | | | |
Revaluation reserve: | 6 |
|
|
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 March 2020
for the Period Ended 31 March 2020
2020 | 2019 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 March 2020
Total | |
---|---|
Cost | £ |
At 01 April 2019 | |
Additions | |
Disposals | |
At 31 March 2020 | |
Depreciation | |
At 01 April 2019 | |
Charge for year | |
At 31 March 2020 | |
Net book value | |
At 31 March 2020 | |
At 31 March 2019 | |
for the Period Ended 31 March 2020
Investments comprise the company's unquoted co-investment interest as a limited partner inBeechbrook UK SME II LP ("the Fund"). The value of the investment represents its pro-rata shareof net assets that would be attributable at 31 March 2020 of the Fund.The investment is valued in compliance with the principles of the International Private Equityand Venture Capital Valuation Guidelines ("IPEV") as amended at 31 December 2018, thebasis of which is fair value.FRS 102 establishes a fair value hierarchy that splits the inputs to valuation techniques used tomeasure fair value into three levels. The fair value hierarchy gives the highest priority to quotedprices (unadjusted) in active markets for idential assets or liabilities (Level I inputs) and thelowest priority to unobservable inputs (Level III inputs). Market prices observability is impactedby a number of factors, including the type of investment and the characteristics specific to theinvestment. Investments are readily available active quoted prices, either for the identicalinstrument or similar instruments, generally will have a higher degree or market priceobservability and a lesser degree of judgement used in measuring fair value.Investments measured and reported at fair value are classified and disclosed utilising inputsfrom one or more of the following categories:Level I – Quoted (bid) price for an identical asset in an active market;Level II – Price of a recent transaction for an identical asset. If necessary, the price is adjustedto reflect updated economic conditions or if evidence suggest that a recent transaction was notat fair value; andLevel III – If there is no market and no suitable recent transactions then a valuation techniqueis used to determine the arm’s length price for the asset. If a realisable, commonly usedvaluation method exists in that market, then that technique is used.The fair values of the company’s investment in the Fund represents the pro rata share of theFund’s net asset value. This information is obtained directly from the Fund’s financialstatements as at the reporting date of the company.The General Partner has concluded that the investment in the Fund should be classified asusing significant Level III inputs. There have been no transfers between levels during thereporting period.The Fund, being the General Partner’s sole investment, is a closed investment vehicle whichprovides for no liquidity or redemption option, and is not readily marketable.
for the Period Ended 31 March 2020
2020 | 2019 | |
---|---|---|
£ | £ | |
Debtors due after more than one year: | | |
for the Period Ended 31 March 2020
2020 | |
---|---|
£ | |
Balance at 01 April 2019 |
|
Surplus or deficit after revaluation |
|
Balance at 31 March 2020 |
|
for the Period Ended 31 March 2020
Name of the related party: | | ||
Relationship: | Related Party | ||
Description of the Transaction: | | ||
£ | |||
Balance at 01 April 2019 | | ||
Balance at 31 March 2020 | |
Name of the related party: | | ||
Relationship: | Related Party | ||
Description of the Transaction: | | ||
£ | |||
Balance at 01 April 2019 | | ||
Balance at 31 March 2020 | |