Accounts filed on 31-12-2014
Accounts filed on 31-12-2014
trueAMP Ventures Limited078894772014-12-311098787700279109888770037910010010988877003791098887700379-4544253912864581505002860045758916831731726921768725862210993412749881099341274988Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents dividends receivable, which are taken to the credit of the profit and loss account, in respect of listed shares, when the shares are quoted ex-dividend and, in respect of unlisted shares, when the dividend is declared.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.Investments
Investments held as fixed assets are stated at cost less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value in use.1099341274988987713-1633601099341274988987713-163360Ordinary10000000.011000010000Ordinary0.0110010010000During the period the company was entitled to income of £166,007 (2013: £844,715) from Somerset Capital Management LLP, an LLP for which Mr Johnson is a member.
During the period, Mr Johnson, held a current account with the company. As at 31 December 2014 Mr Johnson was owed £258,292 by the company. The largest debit balance on the current account during the year was £194,100.
The company charged interest on the overdrawn amount at the beneficial loan rate of 4% to 31 March 2014 and 3.25% thereafter.
2015-05-01Mr D R A Johnsontruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureAMP Ventures Limited2014-01-012014-12-31AMP Ventures Limited2013-01-012013-12-31AMP Ventures Limited2012-12-31AMP Ventures Limited2013-12-31AMP Ventures Limited2013-12-31AMP Ventures Limited2014-12-31 2015-05-05
