Drawbond Investments Limited - Limited company accounts 20.1

REGISTERED NUMBER: 02627060 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2020

for

DRAWBOND INVESTMENTS LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

J E Thompson

Epsilon Directors Limited

REGISTERED OFFICE:

19 Leyden Street

London

E1 7LE

REGISTERED NUMBER:

02627060 (England and Wales)

ACCOUNTANTS:

Trustige Limited

4th Floor, Portman House,

2 Portman Street

London

W1H 6DU

The directors present their report with the financial statements of the company for the year ended 31 December 2020.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2020 to the date of this report.

J E Thompson

Epsilon Directors Limited

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Epsilon Directors Limited - Director

25 August 2021

TURNOVER

-

Administrative expenses

67,585

80,400

(67,585

)

(80,400

)

Other operating income

75

-

OPERATING LOSS

(67,510

)

(80,400

)

Profit/loss on sale of invest

4

282,418

583,983

214,908

503,583

Interest receivable and similar income

69,799

50,377

284,707

553,960

Gain/loss on revaluation of investments

592,748

538,614

877,455

1,092,574

Interest payable and similar expenses

24,051

84,087

PROFIT BEFORE TAXATION

853,404

1,008,487

Tax on profit

78,995

73,622

PROFIT FOR THE FINANCIAL YEAR

774,409

934,865

FIXED ASSETS

Investments

5

2,214,019

CURRENT ASSETS

Investments

6

5,574,729

5,339,760

Cash at bank

532

235

5,575,261

5,339,995

CREDITORS

Amounts falling due within one year

7

1,052,281

1,577,372

NET CURRENT ASSETS

4,522,980

3,762,623

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,736,999

5,976,642

CREDITORS

Amounts falling due after more than one
year

8

2,345,161

2,359,213

NET ASSETS

4,391,838

3,617,429

CAPITAL AND RESERVES

Called up share capital

2,727,655

Retained earnings

1,664,183

889,774

SHAREHOLDERS' FUNDS

4,391,838

3,617,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2021 and were signed on its behalf by:

Epsilon Directors Limited - Director

1.	STATUTORY INFORMATION

Drawbond Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

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.

Investments in associates

Investments in associate undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	EXCEPTIONAL ITEMS

2020

2019

$

Profit/loss on sale of invest

282,418

583,983

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

$

COST

At 1 January 2020

and 31 December 2020

2,214,019

NET BOOK VALUE

At 31 December 2020

2,214,019

At 31 December 2019

2,214,019

6.	CURRENT ASSET INVESTMENTS

2020

2019

$

Listed investments

5,574,729

5,339,760

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

$

Taxation and social security

49,781

73,622

Other creditors

1,002,500

1,503,750

1,052,281

1,577,372

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2020

2019

$

Other creditors

2,345,161

2,359,213

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be Intrust Trustee(New Zealand) Limited as Trustees of the Morus Family Trust.