Marketraise Limited 31/12/2021 iXBRL

MARKETRAISE LIMITED - Company Information

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Company registration number: SC345577

Marketraise Limited

Unaudited filleted financial statements

31 December 2021

Marketraise Limited

Contents

Directors and other information

Accountants report

Statement of financial position and notes to the financial statements

Marketraise Limited

Directors and other information


	Directors	Andrew Sinclair
		Kimberley Caddow


	Secretary	Kimberley Caddow


	Company number	SC345577


	Registered office	Suite2, Unit 3
		Lomond Business Park
		Baltimore Road
		GLENROTHES
		Fife, KY6 2PJ


	Business address	Suite 2, Unit3
		Lomond Business Park
		Baltimore Road
		GLENROTHES
		Fife, KY6 2PJ


	Accountants	John Lynch & Co.
		Torridon House
		Torridon Lane
		Rosyth
		Fife
		KY11 2EU

Marketraise Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Marketraise Limited

Year ended 31 December 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marketraise Limited for the year ended 31 December 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of Marketraise Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Marketraise Limited and state those matters that we have agreed to state to the board of directors of Marketraise Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marketraise Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Marketraise Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Marketraise Limited. You consider that Marketraise Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Marketraise Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

John Lynch & Co.

Chartered Accountants

Torridon House

Torridon Lane

Rosyth

Fife

KY11 2EU

26 May 2022

Marketraise Limited

Statement of financial position

31 December 2021

	2021		2020
	£	£	£	£

Fixed assets		161,668		7,582
		_______		_______

Current assets	354,317		537,255
Prepayments and accrued income	1,974		-
	_______		_______
		356,291		537,255

Creditors: amounts falling due within one year		( 253,057)		( 286,362)
		_______		_______

Net current assets		103,234		250,893
		_______		_______

Total assets less current liabilities		264,902		258,475

Creditors: amounts falling due after more than one year		( 195,799)		( 88,392)

Provisions for liabilities		( 1,517)		( 1,516)

Accruals and deferred income		( 1,750)		( 3,500)

		_______		_______
Net assets		65,836		165,067
		_______		_______

Capital and reserves		65,836		165,067
		_______		_______

Marketraise Limited

Year ended 31 December 2021

Notes to the financial statements

1. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2020: 5 ).

2. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2021
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Andrew Sinclair	( 14,707)	( 18,525)	( 33,232)
		_______	_______	_______

2020
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Andrew Sinclair	( 18,851)	4,144	( 14,707)
		_______	_______	_______

For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsiblities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 26 May 2022 , and are signed on behalf of the board by:

Andrew Sinclair

Director

Company registration number: SC345577

The company is a private company limited by shares, registered in Scotland.