Ecstatus Capital (UK) Limited
Ecstatus Capital (UK) Limited
Registered number: 11758609
Unaudited Financial Statements
For The Year Ended
31 December 2020
TaxAssist Accountants
55 St Johns Street
Godalming
Surrey
GU7 3EH
Ecstatus Capital (UK) Limited
Unaudited Financial Statements
For The Year Ended
31 December 2020
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
Ecstatus Capital (UK) Limited
Balance Sheet
As at
31 December 2020
Balance Sheet
Registered number:
11758609
For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
31 December 2020 | 31 December 2019 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET LIABILITIES |
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CAPITAL AND RESERVES | |||||
Called up share capital | 6 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (585,808) | (261,933) | |||
Page 1
Ecstatus Capital (UK) Limited
Balance Sheet (continued)
As at
31 December 2020
Directors' responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Ecstatus Capital (UK) Limited
Notes to the Financial Statements
For The Year Ended
31 December 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors believe that the going concern basis is not appropriate as the company has no realistic alternative but to cease trading ((or go into liquidation, or the directors intend to cease trading or place the company into liquidation)) ((Explain the basis of the conclusion and accounting policies applied in preparing the financial statements etc.))
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings |
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Computer Equipment |
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1.5.
Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
31 December 2020 | 31 December 2019 | ||
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Office and administration |
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Page 3
Ecstatus Capital (UK) Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2020
3.
Tangible Assets
Fixtures & Fittings | Computer Equipment | Total | |
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£ | £ | £ | |
Cost | |||
As at
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Additions |
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As at
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Depreciation | |||
As at
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Provided during the period |
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As at
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Net Book Value | |||
As at
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As at
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4.
Debtors
31 December 2020 | 31 December 2019 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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VAT |
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Other taxes and social security |
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5.
Creditors: Amounts Falling Due Within One Year
31 December 2020 | 31 December 2019 | ||
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£ | £ | ||
Trade creditors |
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Other taxes and social security | - |
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Other creditors |
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Accruals and deferred income |
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Amounts owed to group undertakings |
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Page 4
Ecstatus Capital (UK) Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2020
7.
General Information
Ecstatus Capital (UK) Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
11758609
. The registered office is 55 St Johns Street, Godalming, Surrey, GU7 3EH.
Page 5