Britannia Capital Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09245711 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

BRITANNIA CAPITAL MANAGEMENT LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

M Rigginello

REGISTERED OFFICE:

10 London Mews

London

W2 1HY

REGISTERED NUMBER:

09245711 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

Paddington

London

W2 1HY

CURRENT ASSETS

Debtors

4

62,731

63,478

Cash at bank

92,986

15,961

155,717

79,439

CREDITORS

Amounts falling due within one year

5

152,759

54,144

NET CURRENT ASSETS

2,958

25,295

TOTAL ASSETS LESS CURRENT LIABILITIES

2,958

25,295

CAPITAL AND RESERVES

Called up share capital

126

126

Retained earnings

2,832

25,169

SHAREHOLDERS' FUNDS

2,958

25,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 1 November 2021 and were signed by:

M Rigginello - Director

1.	STATUTORY INFORMATION

Britannia Capital Management Ltd is a private company, limited by shares , registered in England and Wales. 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 3 (2020 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

€

€

Trade debtors

21,563

-

Other debtors

41,168

63,478

62,731

63,478

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

€

€

Taxation and social security

59,204

2,334

Other creditors

93,555

51,810

152,759

54,144

6.	RELATED PARTY DISCLOSURES

As at 31 March 2021, the company owes the director €4,016 (2020: €2,016). No interest is payable on this loan.