Intelligent Capital Group Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC244701 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2014

for

Intelligent Capital Group Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G J Forbes

A G Manson

N C Stafford

SECRETARY:

G J Forbes

REGISTERED OFFICE:

The Square

95 Morrison Street

GLASGOW

G5 8BE

REGISTERED NUMBER:

SC244701 (Scotland)

ACCOUNTANTS:

The Kelvin Partnership Ltd

Chartered Accountants

The Cooper Building

505 Great Western Road

Glasgow

G12 8HN

FIXED ASSETS

Investments

2

3,001

3,001

CURRENT ASSETS

Debtors

19,449

19,449

CREDITORS

Amounts falling due within one year

1,000

1,000

NET CURRENT ASSETS

18,449

18,449

TOTAL ASSETS LESS CURRENT LIABILITIES

21,450

21,450

CAPITAL AND RESERVES

Called up share capital

3

60

60

Share premium

16,345

16,345

Capital redemption reserve

45

45

Profit and loss account

5,000

5,000

SHAREHOLDERS' FUNDS

21,450

21,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 August 2014 and were signed on its behalf by:

G J Forbes - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Deferred tax

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

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more

tax, or a right to pay less tax, or a right to receive repayments of tax.

Deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there

will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted.

Deferred tax is measured at tax rates that are expected to apply in the periods in which timing differences

reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Fixed asset investments

Fixed Asset Investments are valued at cost less any diminution in value.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 February 2013

and 31 January 2014

3,001

NET BOOK VALUE

At 31 January 2014

3,001

At 31 January 2013

3,001

The company's investments at the balance sheet date in the share capital of companies include the following:

Intelligent Capital Ltd.

Nature of business: Independent financial advisors

%

Class of shares:

holding

Ordinary

100.00

31.1.14

31.1.13

£

£

Aggregate capital and reserves

180,397

181,342

Profit/(loss) for the year

19,055

(77,372

)

Intelligent Wealth Management Ltd.

Nature of business: Independent financial advisors

%

Class of shares:

holding

Ordinary

100.00

31.1.14

31.1.13

£

£

Aggregate capital and reserves

1,000

1,000

Loss for the year

-

(318,780

)

Intelligent Portfolios Ltd

Nature of business: Independent financial advisors

%

Class of shares:

holding

31.1.14

31.1.13

£

£

Aggregate capital and reserves

414,890

424,387

(Loss)/profit for the year

(9,497

)

424,386

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.14

31.1.13

value:

£

£

5,950

Ordinary

1p

60

60