Tortin Capital Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05438315 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2020

FOR

TORTIN CAPITAL MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R A Mapstone

REGISTERED OFFICE:

83 Cambridge Street

Pimlico

London

SW1V 4PS

REGISTERED NUMBER:

05438315 (England and Wales)

ACCOUNTANTS:

George Hay & Company

Chartered Accountants

83 Cambridge Street

London

SW1V 4PS

FIXED ASSETS

Tangible assets

4

8,040

8,040

CURRENT ASSETS

Investments

5

630,231

715,543

Cash at bank

536

10,263

630,767

725,806

CREDITORS

Amounts falling due within one year

6

164,047

117,851

NET CURRENT ASSETS

466,720

607,955

TOTAL ASSETS LESS CURRENT LIABILITIES

474,760

615,995

PROVISIONS FOR LIABILITIES

7

17,710

46,251

NET ASSETS

457,050

569,744

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

457,048

569,742

SHAREHOLDERS' FUNDS

457,050

569,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2021 and were signed by:

R A Mapstone - Director

1.	STATUTORY INFORMATION

Tortin Capital Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Turnover

Turnover represents the amounts derived from trading activities from the company's principal activity

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Foreign currencies

Cost and revenues arising during the year are translated at an average rate for the period.

Monetary assets and liabilities are translated at the rate ruling at the balance sheet date.

All differences are dealt with through the profit and loss accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2019

and 30 June 2020

8,040

NET BOOK VALUE

At 30 June 2020

8,040

At 30 June 2019

8,040

5.	CURRENT ASSET INVESTMENTS

Current asset investments are shown at their fair value at the balance sheet date. Unrealised gains/(losses) are put through the profit and loss account. Deferred tax is accounted for on the unrealised gain or loss and put through the profit and loss account.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Directors' current accounts

151,381

108,463

Accruals and deferred income

12,666

9,388

164,047

117,851

7.	PROVISIONS FOR LIABILITIES

2020

2019

£

£

Deferred tax

17,710

46,251

Deferred

tax

£

Balance at 1 July 2019

46,251

Credit to Statement of Income and Retained Earnings during year

(28,541

)

Balance at 30 June 2020

17,710

Deferred tax

The deferred tax provision arises on the unrealised gain on the revaluation of the current asset investments in accordance with FRS102 1A.

8.	ULTIMATE CONTROLLING PARTY