IGG Investments ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08115244 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2021

for

IGG Investments ltd

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

G W Hughes

G R Walker

Registered office:

c/o The Office

Ffordd Pentre Bach

Nercwys

Mold

Flintshire

CH7 4EG

Registered number:

08115244 (England and Wales)

Accountants:

Ridgway and Company

Chartered Accountants

The Office,

Ffordd Pentre Bach, Nercwys.

Mold

Flintshire

CH7 4EG

FIXED ASSETS

Property, plant and equipment

4

-

999

CURRENT ASSETS

Cash at bank

600

62,739

CREDITORS

Amounts falling due within one year

5

600

26,719

NET CURRENT ASSETS

-

36,020

TOTAL ASSETS LESS CURRENT LIABILITIES

-

37,019

PROVISIONS FOR LIABILITIES

-

226

NET ASSETS

-

36,793

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(3

)

36,790

-

36,793

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 October 2021 and were signed on its behalf by:

G R Walker - Director

G W Hughes - Director

1.	STATUTORY INFORMATION

IGG Investments 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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance, 20% on reducing balance and 10% on reducing balance

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 balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 2 ).

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 February 2020

2,623

Disposals

(2,623

)

At 31 January 2021

-

DEPRECIATION

At 1 February 2020

1,624

Eliminated on disposal

(1,624

)

At 31 January 2021

-

NET BOOK VALUE

At 31 January 2021

-

At 31 January 2020

999

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Trade creditors

600

780

Taxation and social security

-

436

Other creditors

-

25,503

600

26,719