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

REGISTERED NUMBER: 11844239 (England and Wales)

Financial Statements for the Year Ended 28th February 2021

for

Coriolis Capital Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Winch

REGISTERED OFFICE:

2 Pond Lane

Stanstead

CM24 8JG

REGISTERED NUMBER:

11844239 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Tangible assets

4

2,081

-

CURRENT ASSETS

Debtors

5

-

1,086

Investments

6

90,697

-

Cash at bank

46,540

415

137,237

1,501

CREDITORS

Amounts falling due within one year

7

61,008

3,826

NET CURRENT ASSETS/(LIABILITIES)

76,229

(2,325

)

TOTAL ASSETS LESS CURRENT LIABILITIES

78,310

(2,325

)

CREDITORS

Amounts falling due after more than one year

8

21,250

-

NET ASSETS/(LIABILITIES)

57,060

(2,325

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

57,059

(2,326

)

57,060

(2,325

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2021 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th June 2021 and were signed by:

R Winch - Director

1.	STATUTORY INFORMATION

Coriolis 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

3,122

At 28th February 2021

3,122

DEPRECIATION

Charge for year

1,041

At 28th February 2021

1,041

NET BOOK VALUE

At 28th February 2021

2,081

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.21

28.2.20

£

£

Other debtors

-

1,086

6.	CURRENT ASSET INVESTMENTS

28.2.21

28.2.20

£

£

Investments

90,697

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.21

28.2.20

£

£

Bank loans and overdrafts

11,147

-

Trade creditors

22,800

-

Taxation and social security

22,838

-

Other creditors

4,223

3,826

61,008

3,826

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.21

28.2.20

£

£

Bank loans

21,250

-

28.2.21

28.2.20

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,250

-

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £42,500 were paid to the director .

At the year end the Director, Mr R Winch was owed £317 (2020: DR £1,086).