Company Registration No. 13840638 (England and Wales)
Nifty World Nft Limited
Unaudited accounts
for the period from 11 January 2022 to 31 August 2022
Nifty World Nft Limited
Company Information
for the period from 11 January 2022 to 31 August 2022
Company Number
13840638 (England and Wales)
Registered Office
Protran House
Boundary Road
Brighton
BN2 5TJ
England
Accountants
Crypto Concepts Accounting Ltd
Nifty World Nft Limited
Statement of financial position
as at 31 August 2022
Cash at bank and in hand
10,520
Creditors: amounts falling due within one year
(6,305)
Called up share capital
10
Profit and loss account
7,108
For the period ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2022 and were signed on its behalf by
Rebecca Perfect
Director
Company Registration No. 13840638
Nifty World Nft Limited
Notes to the Accounts
for the period from 11 January 2022 to 31 August 2022
Nifty World Nft Limited is a private company, limited by shares, registered in England and Wales, registration number 13840638. The registered office is Protran House, Boundary Road , Brighton, BN2 5TJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 11 January 2022 to 31 August 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 11 January 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Intangible fixed assets such as digital assets are included using the revaluation model, this being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Nifty World Nft Limited
Notes to the Accounts
for the period from 11 January 2022 to 31 August 2022
4
Intangible fixed assets
Other
Charge for the period
1,295
5
Creditors: amounts falling due within one year
2022
Taxes and social security
5,581
6
Average number of employees
During the period the average number of employees was 0.
