Irongate Capital Limited 30/11/2020 iXBRL

IRONGATE CAPITAL LIMITED - Company Information

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Company registration number: 06750565

Irongate Capital Limited

Unaudited filleted financial statements

30 November 2020

Irongate Capital Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Irongate Capital Limited

Directors and other information


	Director	Mr Mark Lauber


	Company number	06750565


	Registered office	18 Shakespeare Gardens,
		East Finchley
		London
		N2 9LJ


	Business address	18 Shakespeare Gardens
		East Finchley
		London
		N2 9LJ


	Accountants	VSP Limited
		2 Deansway
		London
		N2 0JF




	Bankers	HSBC plc

Irongate Capital Limited

Statement of financial position

30 November 2020

		2020		2019
	Note	£	£	£	£

Fixed assets
Tangible assets	5	167		209
Investments	6	49,780		54,349
		_______		_______
			49,947		54,558

Current assets
Cash at bank and in hand		39,612		48,185
		_______		_______
		39,612		48,185
Creditors: amounts falling due
within one year	7	( 6,049)		( 5,067)
		_______		_______
Net current assets			33,563		43,118
			_______		_______
Total assets less current liabilities			83,510		97,676

			_______		_______
Net assets			83,510		97,676
			_______		_______

Capital and reserves
Called up share capital	8		2		2
Profit and loss account			83,508		97,674
			_______		_______
Shareholder funds			83,510		97,676
			_______		_______

For the year ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

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

These 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 comprehensive income has not been delivered.

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

Mr Mark Lauber

Director

Company registration number: 06750565

Irongate Capital Limited

Statement of changes in equity

Year ended 30 November 2020

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 December 2018	2	98,530	98,532

Loss for the year		( 856)	( 856)
	_______	_______	_______
Total comprehensive income for the year	-	( 856)	( 856)

	_______	_______	_______
At 30 November 2019 and 1 December 2019	2	97,674	97,676

Loss for the year		( 14,166)	( 14,166)
	_______	_______	_______
Total comprehensive income for the year	-	( 14,166)	( 14,166)

	_______	_______	_______
At 30 November 2020	2	83,508	83,510
	_______	_______	_______

Irongate Capital Limited

Notes to the financial statements

Year ended 30 November 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 18 Shakespeare Gardens,, East Finchley, London, N2 9LJ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.

3. Accounting policies

Basis of preparation

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

Taxation

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25% %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2019: 1 ).

5. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 December 2019 and 30 November 2020	1,820	1,820
	_______	_______
Depreciation
At 1 December 2019	1,611	1,611
Charge for the year	42	42
	_______	_______
At 30 November 2020	1,653	1,653
	_______	_______
Carrying amount
At 30 November 2020	167	167
	_______	_______
At 30 November 2019	209	209
	_______	_______

6. Investments

	Other investments other than loans	Other loans	Total
	£	£	£
Cost
At 1 December 2019	39,044	20,000	59,044
Additions	71,668	-	71,668
Disposals	( 60,932)	( 20,000)	( 80,932)
	_______	_______	_______
At 30 November 2020	49,780	-	49,780
	_______	_______	_______
Impairment
At 1 December 2019	4,695	-	4,695
Reversal of impairment loss	( 4,695)	-	( 4,695)
	_______	_______	_______
At 30 November 2020	-	-	-
	_______	_______	_______
Carrying amount
At 30 November 2020	49,780	-	49,780
	_______	_______	_______
At 30 November 2019	34,349	20,000	54,349
	_______	_______	_______

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Corporation tax	-	718
Other creditors	6,049	4,349
	_______	_______
	6,049	5,067
	_______	_______

8. Called up share capital

Issued, called up and fully paid

	2020		2019
	No	£	No	£
Ordinary shares shares of £ 1.00 each	2	2	2	2
	_______	_______	_______	_______