REGISTERED NUMBER:
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APPEAR LTD |
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FINANCIAL STATEMENTS |
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FOR THE PERIOD 14 JUNE 2021 TO 31 DECEMBER 2021 |
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REGISTERED NUMBER:
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APPEAR LTD |
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FINANCIAL STATEMENTS |
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FOR THE PERIOD 14 JUNE 2021 TO 31 DECEMBER 2021 |
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APPEAR LTD (REGISTERED NUMBER: 13454068) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 14 JUNE 2021 TO 31 DECEMBER 2021 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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APPEAR LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 14 JUNE 2021 TO 31 DECEMBER 2021 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditor |
Highland House |
Mayflower Close |
Chandler's Ford |
Eastleigh |
Hampshire |
SO53 4AR |
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BANKERS: |
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Corporates UK |
75 King William Street |
London |
EC4N 7DT |
APPEAR LTD (REGISTERED NUMBER: 13454068) |
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BALANCE SHEET |
31 DECEMBER 2021 |
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Notes | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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APPEAR LTD (REGISTERED NUMBER: 13454068) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 14 JUNE 2021 TO 31 DECEMBER 2021 |
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1. | STATUTORY INFORMATION |
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Appear Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1. |
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The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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Turnover |
The turnover shown in the profit and loss account represents amounts receivable from the parent undertaking during the year, for provision of support functions. Turnover in respect of services provided to the parent undertaking is calculated as attributable costs plus 5% in accordance with a transfer pricing agreement between Appear Limited and the parent undertaking. |
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Costs incurred by Appear Limited from third parties are not subject to the cost plus basis and are reimbursed by the parent company at cost. |
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Tangible fixed assets |
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Plant and machinery | - |
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APPEAR LTD (REGISTERED NUMBER: 13454068) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 14 JUNE 2021 TO 31 DECEMBER 2021 |
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2. | ACCOUNTING POLICIES - continued |
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Financial instruments |
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments. according to the substance of the contractual arrangement. An equity instrument is any contract that evidences a residual interest in the assets of the company utter deducting all of its liabilities. |
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Financial assets |
The Company has elected to apply the provision of Section 11 'Basic Financial instruments' and Section 12 'Other Financial instruments issues’ of FRS 102 to all ot‘its financial instruments. |
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Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. |
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Basic financial assets. which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
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Financial liabilities |
Basic financial liabilities which include trade and other payables are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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APPEAR LTD (REGISTERED NUMBER: 13454068) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 14 JUNE 2021 TO 31 DECEMBER 2021 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
Additions |
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At 31 December 2021 |
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NET BOOK VALUE |
At 31 December 2021 |
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5. | DEBTORS |
£ |
Amounts falling due within one year: |
Other debtors |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
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Between one and five years |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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APPEAR LTD (REGISTERED NUMBER: 13454068) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 14 JUNE 2021 TO 31 DECEMBER 2021 |
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9. | ULTIMATE CONTROLLING PARTY |
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The directors regard Appear AS to be the immediate and ultimate parent undertaking by virtue of holding 100% of the issued shares. and the largest group for which consolidated accounts are available. |
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A copy of the consolidated financial statements can be obtained from Appear AS, Lilleakerveien 2B, 0283 Oslo, Norway. |
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The directors do not consider there to be an ultimate controlling party. |