NGC Corp International Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08901162 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

NGC Corp International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Wheeler

A Van Witzenburg

A C Johnson

SECRETARY:

A Van Witzenburg

REGISTERED OFFICE:

7 Brackenwood

Sunbury on Thames

Middlesex

TW16 6SQ

BUSINESS ADDRESS:

Crowthorne House

Nine Mile Ride

Wokingham

Berkshire

RG40 3GE

REGISTERED NUMBER:

08901162 (England and Wales)

ACCOUNTANTS:

Kelly & Associates

7 Brackenwood

Sunbury on Thames

Middlesex

TW16 6SQ

FIXED ASSETS

Investments

4

-

122,570

CURRENT ASSETS

Debtors

5

270

62,799

CREDITORS

Amounts falling due within one year

6

6,089

1,129

NET CURRENT (LIABILITIES)/ASSETS

(5,819

)

61,670

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,819

)

184,240

CREDITORS

Amounts falling due after more than one year

7

-

210,805

NET LIABILITIES

(5,819

)

(26,565

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(5,919

)

(26,665

)

SHAREHOLDERS' FUNDS

(5,819

)

(26,565

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 on 28 November 2019 and were signed on its behalf by:

A C Johnson - Director

1.	STATUTORY INFORMATION

NGC Corp International Limited 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

Investments in associates

Investments in associate undertakings are recognised at cost.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	FIXED ASSET INVESTMENTS

Investment

in

Associate

£

COST

At 1 January 2018

122,570

Additions

276,375

Disposals

(398,945

)

At 31 December 2018

-

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

122,570

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

The company's 100% holding in NGC Corp Group Europe Limited was sold via a net asset sale on 19

July 2018 as part of the worldwide sale of National Gift Card Corporation. The company realised a net

gain of £38,226.

The directors have not prepared group financial statements as the company is subject to the small

companies' regime.

5.

DEBTORS

31.12.18

31.12.17

£

£

Amounts falling due within one year:

VAT

-

340

Amounts falling due after more than one year:

Amounts owed by group undertakings

270

62,459

Aggregate amounts

270

62,799

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Accruals and deferred income

6,089

1,129

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Amounts owed to group undertakings

-

210,805

8.	ULTIMATE CONTROLLING PARTY