Agora Syndicate Holdings Ltd - Accounts

Agora Syndicate Holdings Ltd - Accounts

AGORA SYNDICATE HOLDINGS LTD. - Company Information

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Registered Number: 08995416
England and Wales

 

 

 

AGORA SYNDICATE HOLDINGS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2020

End date: 30 April 2021

Agora Syndicate Holdings Ltd
Contents Page
For the year ended 30 April 2021
Directors Sean Sawyer
Michael Pritchard
Registered Number 08995416
Registered Office 20 Gracechurch Street
London
EC3V 0BG
Accountants Agora Syndicate Services Limited
20 Gracechurch Street
London
EC3V 0BG
1
The directors present their annual report and the financial statements for the year ended 30 April 2021.
Principal activities
The principal activity of the company during the financial year was holding company to Agora group companies.
Directors
The directors who served the company throughout the year were as follows:
Sean Sawyer
Michael Pritchard
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Sean Sawyer
Director

Date approved: 03 December 2021
2
Accountants report

You consider that the company is exempt from an audit for the year ended 30 April 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Agora Syndicate Services Limited
30 April 2021



....................................................
Agora Syndicate Services Limited
20 Gracechurch Street
London
EC3V 0BG
03 December 2021
3
 
 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Investments 3 1,076    1,076 
1,076    1,076 
Current assets      
Debtors: amounts falling due within one year 4 19,060    0 
Cash at bank and in hand 9,356    9,356 
28,416    9,356 
Creditors: amount falling due within one year 5 (1,076)   (1,076)
Net current assets 27,340    8,280 
 
Total assets less current liabilities 28,416    9,356 
Creditors: amount falling due after more than one year 6 0    (400,000)
Net assets 28,416    (390,644)
 

Capital and reserves 		     
Called up share capital 7 28,416    28,416 
Profit and loss account 0    (419,060)
Shareholder's funds 28,416    (390,644)
 


For the year ended 30 April 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 03 December 2021 and were signed on its behalf by:


--------------------------------
Sean Sawyer
Director
4
General Information
Agora Syndicate Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 08995416, registration address 20 Gracechurch Street, London, EC3V 0BG

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 30 (2020 : 28).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 May 2020 -    - 
Additions 1,076    1,076 
Transfer to/from Tangible fixed assets 0    0 
Disposals -    - 
At 30 April 2021 1,076    1,076 

4.

Debtors: amounts falling due within one year

2021
£		   2020
£
Amount Owed by Group Undertakings 19,060    0 
19,060    0 

5.

Creditors: amount falling due within one year

2021
£		   2020
£
Other Creditors 1,076    1,076 
1,076    1,076 

6.

Creditors: amount falling due after more than one year

2021
£		   2020
£
Directors' Loan Accounts 0    400,000 
0    400,000 

7.

Share Capital

Authorised
28,416 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2021
£		   2020
£
28,416 Ordinary shares of £1.00 each 28,416    28,416 
28,416    28,416 

5