Intercapital Ventures Limited Filleted accounts for Companies House (small and micro)

INTERCAPITAL VENTURES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10491914

Intercapital Ventures Limited

Filleted Unaudited Abridged Financial Statements

31 May 2020

Intercapital Ventures Limited

Abridged Financial Statements

Year ended 31 May 2020

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	2

Intercapital Ventures Limited

Abridged Statement of Financial Position

31 May 2020

	2020	2019
Note	£	£

Current assets

Cash at bank and in hand	–	2,378

Creditors: amounts falling due within one year	46,500	48,638
	--------	--------
Net current liabilities	46,500	46,260
	--------	--------
Total assets less current liabilities	( 46,500)	( 46,260)
	--------	--------
Net liabilities	( 46,500)	( 46,260)
	--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 46,600)	( 46,360)
	--------	--------
Shareholders deficit	( 46,500)	( 46,260)
	--------	--------

These abridged 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 Section 1A of 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 income and retained earnings has not been delivered.

For the year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 May 2020 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 28 May 2021 , and are signed on behalf of the board by:

Mr M Casaki	Mr H Casaki
Director	Director

Company registration number: 10491914

Intercapital Ventures Limited

Notes to the Abridged Financial Statements

Year ended 31 May 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 151 Askew Road, London, W12 9AU.

2. Statement of compliance

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

Financial instruments

A financial asset or a financial liability is recognised only when the company 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. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Directors' advances, credits and guarantees

At the year end the company owed the director £46,260 (2019: £47,900).

5. Related party transactions

No dividends were paid to the director.(2019: nil)