Contents of the Financial Statements

for the Period Ended 31 December 2020

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2020

The directors present their report with the financial statements of the company for the period ended 31 December 2020

Directors

The directors shown below have held office during the whole of the period from
1 January 2020 to 31 December 2020

Jonathan Amrani
Clare Mahood
Philip Davies
Anthony Davis

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 April 2021

And signed on behalf of the board by:
Name: Clare Mahood
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2020

	2020	2019
	£	£
Turnover:	84,000	84,000
Cost of sales:	0	0
Gross profit(or loss):	84,000	84,000
Distribution costs:	0	0
Administrative expenses:	( 78,194 )	( 62,529 )
Other operating income:	0	0
Operating profit(or loss):	5,806	21,471
Interest receivable and similar income:	0	0
Interest payable and similar charges:	0	0
Profit(or loss) before tax:	5,806	21,471
Tax:	( 1,123 )	( 4,079 )
Profit(or loss) for the financial year:	4,683	17,392

Balance sheet

As at 31 December 2020

	Notes	2020	2019
		£	£
Called up share capital not paid:		0	0
Fixed assets
Intangible assets:		0	0
Tangible assets:		0	0
Investments:		0	0
Total fixed assets:		0	0
Current assets
Stocks:		0	0
Debtors:	3	7,444	7,450
Cash at bank and in hand:		392,341	387,920
Investments:		0	0
Total current assets:		399,785	395,370
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	4	( 13,905 )	( 14,173 )
Net current assets (liabilities):		385,880	381,197
Total assets less current liabilities:		385,880	381,197
Creditors: amounts falling due after more than one year:		0	0
Provision for liabilities:		0	0
Accruals and deferred income:		0	0
Total net assets (liabilities):		385,880	381,197
Capital and reserves
Called up share capital:		350,000	350,000
Share premium account:		0	0
Other reserves:		0	0
Profit and loss account:		35,880	31,197
Total Shareholders' funds:		385,880	381,197

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2020 the company was entitled to exemption 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 directors acknowledge their 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.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2020

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  The Company is involved in the provision of consultancy on payment and card processing services to an entity under common ownership, PSI-Pay Limited. Turnover is accounted for on an accruals basis.

  Other accounting policies

  Accounts prepared under FRS 102.They are full accounts as the entity is regulated.

Notes to the Financial Statements

for the Period Ended 31 December 2020

• 2. Employees

  	2020	2019
  Average number of employees during the period	4	3