Invicta Capital Partners Limited Filleted accounts for Companies House (small and micro)

INVICTA CAPITAL PARTNERS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10699398

Invicta Capital Partners Limited

Filleted Unaudited Financial Statements

31 March 2019

Invicta Capital Partners Limited

Statement of Financial Position

31 March 2019

	2019	2018
Note	£	£

Current assets

Debtors	5	22,305	10,800
Cash at bank and in hand		45,835	197,981
		--------	---------
		68,140	208,781

Creditors: amounts falling due within one year	6	50,013	297,966
		--------	---------
Net current assets/(liabilities)		18,127	( 89,185)
		--------	--------
Total assets less current liabilities		18,127	( 89,185)

Accruals and deferred income	5,000	5,000
	--------	--------
Net assets/(liabilities)	13,127	( 94,185)
	--------	--------

Capital and reserves

Called up share capital	250,000	100
Profit and loss account	( 236,873)	( 94,285)
	---------	--------
Shareholders funds/(deficit)	13,127	( 94,185)
	---------	--------

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 FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 December 2019 , and are signed on behalf of the board by:

Mr T Yusef
Director

Company registration number: 10699398

Invicta Capital Partners Limited

Notes to the Financial Statements

Year ended 31 March 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 33 St. James's Square, London, SW1Y 4JS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2018: 3 ).

5. Debtors

	2019	2018
	£	£
Trade debtors	7,683	–
Other debtors	14,622	10,800
	--------	--------
	22,305	10,800
	--------	--------

6. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	9,458	–
Social security and other taxes	40,555	47,621
Shareholders' loan	–	249,900
Other creditors	–	445
	--------	---------
	50,013	297,966
	--------	---------