Britannia Capital Management Ltd - Accounts to registrar (filleted) - small 18.2
Britannia Capital Management Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
FOR |
BRITANNIA CAPITAL MANAGEMENT LTD |
BRITANNIA CAPITAL MANAGEMENT LTD (REGISTERED NUMBER: 09245711) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2020 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
BRITANNIA CAPITAL MANAGEMENT LTD |
COMPANY INFORMATION |
for the Year Ended 31 March 2020 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
10 London Mews |
Paddington |
London |
W2 1HY |
BRITANNIA CAPITAL MANAGEMENT LTD (REGISTERED NUMBER: 09245711) |
STATEMENT OF FINANCIAL POSITION |
31 March 2020 |
31.3.20 | 31.3.19 |
Notes | € | € |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
BRITANNIA CAPITAL MANAGEMENT LTD (REGISTERED NUMBER: 09245711) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2020 |
1. | STATUTORY INFORMATION |
Britannia Capital Management Ltd is a |
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 |
The financial statements have been prepared on a going concern basis as the director believes that adequate cash |
resources will be available to cover the company's requirements for working capital expenditure for at least the |
next twelve months. |
However due to the uncertainties surrounding the Covid-19 virus at the time of approval of these accounts the |
director believes it is difficult to establish the impact this may have on the business. |
Turnover |
Turnover represents net invoiced sales of services excluding value added tax. |
Rendering of services |
Revenue for providing services are recognised when the service has been completed. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial |
assets and liabilities like trade and other debtors, trade and other creditors. |
The basic financial instruments are initially recognised at transaction price and subsequently carried at amortised |
cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the statement of financial position date. |
Foreign currencies |
Transactions in foreign currencies have been converted to Euros at the rate ruling on the date of the transaction. |
Foreign currency assets and liabilities at the balance sheet date have been converted to Euros at the rate ruling on |
that date. Transactions in the accounting period have arisen in Euros with the exception of the Share Capital |
which has been converted at the rate of 1.26 Euros to the £1. The Share Capital is therefore a sterling debt of the |
company. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
€ | € |
Other debtors |
BRITANNIA CAPITAL MANAGEMENT LTD (REGISTERED NUMBER: 09245711) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2020 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
€ | € |
Trade creditors |
Taxation and social security |
Other creditors |
6. | RELATED PARTY DISCLOSURES |
As at 31 March 2020, the company owes the director €2,016 (2019: €2,016). No interest is payable on this loan. |