ACCOUNTS - Final Accounts preparation

AUTONOMOUS RESEARCH LIMITED - Company Information

Registered number: 06943568

AUTONOMOUS RESEARCH LIMITED

UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015


AUTONOMOUS RESEARCH LIMITED REGISTERED NUMBER: 06943568

ABBREVIATED BALANCE SHEET

AS AT 31 MARCH 2015

2015

2014

	Note	£	£	£	£
FIXED ASSETS
Investments	2		7,931,471		2,427,030

CURRENT ASSETS
Debtors	3,086		5,909,195
Cash at bank	24		2

	3,110		5,909,197
CREDITORS: amounts falling due within one year	(118,670)		(938,289)
NET CURRENT (LIABILITIES)/ASSETS		(115,560)		4,970,908

TOTAL ASSETS LESS CURRENT LIABILITIES

7,815,911

7,397,938

CAPITAL AND RESERVES
Called up share capital	3	3,086	3,086
Profit and loss account		7,812,825	7,394,852

SHAREHOLDERS' FUNDS

7,815,911

7,397,938

The Directors consider that the Company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the Company as at 31 March 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:

................................................

E Allchin

Director

Date: 21 December 2015

The notes on pages 2 to 4 form part of these financial statements.

Page 1


AUTONOMOUS RESEARCH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	1.2	Investments
		Investments held as fixed assets are shown at cost less provision for impairment.

	1.3	Taxation
		Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
		A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse. Deferred tax assets and liabilities are not discounted.

Page 2


AUTONOMOUS RESEARCH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

2.FIXED ASSET INVESTMENTS

		£
	Cost or valuation
	At 1 April 2014	2,427,030
	Additions	5,504,441
	At 31 March 2015	7,931,471

	Net book value
	At 31 March 2015	7,931,471
	At 31 March 2014	2,427,030

The investment represents the capital contribution made to Autonomous Research LLP.

The company owns 0.01% of the voting rights of Autonomous Research LLP. In the opinion of the Directors, the aggregate value of the company's investments is not less than the amount in the Balance Sheet.

 

Page 3


AUTONOMOUS RESEARCH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

3.SHARE CAPITAL

			2015	2014
			£	£

Allotted, called up and unpaid

8,600 Ordinary shares of £0.01 each	86	86
150,000 A Ordinary Growth Shares shares of £0.01 each	1,500	1,500
150,000 B Ordinary Growth Shares shares of £0.01 each	1,500	1,500

	3,086	3,086

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