I-Partners Insurance Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06607674 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

FOR

I-PARTNERS INSURANCE MANAGEMENT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D I Hall

Mr J R Houlder

REGISTERED OFFICE:

11 Leadenhall Street

London

EC3V 1LP

REGISTERED NUMBER:

06607674 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

133

178

133

178

CURRENT ASSETS

Debtors

6

21,567

15,663

Cash at bank

34,133

56,104

55,700

71,767

CREDITORS

Amounts falling due within one year

7

39,368

55,007

NET CURRENT ASSETS

16,332

16,760

TOTAL ASSETS LESS CURRENT LIABILITIES

16,465

16,938

CAPITAL AND RESERVES

Called up share capital

8

8

8

Retained earnings

16,457

16,930

SHAREHOLDERS' FUNDS

16,465

16,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 14 September 2021 and were signed on its behalf by:

Mr D I Hall - Director

1.	STATUTORY INFORMATION

I-Partners Insurance 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 represents the value of work performed during the year with respect to services.

SOFTWARE DEVELOPMENT COSTS

Software development costs incurred have been capitalised and have been amortised over their useful economic life of 3 years on a straight line basis.

TANGIBLE FIXED ASSETS

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

Computer equipment

-

25% on reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

At 1 July 2020

and 30 June 2021

13,926

Amortisation

At 1 July 2020

and 30 June 2021

13,926

Net book value

At 30 June 2021

-

At 30 June 2020

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

At 1 July 2020

and 30 June 2021

1,778

Depreciation

At 1 July 2020

1,600

Charge for year

45

At 30 June 2021

1,645

Net book value

At 30 June 2021

133

At 30 June 2020

178

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Trade debtors

20,865

14,938

Other debtors

702

725

21,567

15,663

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Trade creditors

6,297

-

Taxation and social security

21,011

46,525

Other creditors

12,060

8,482

39,368

55,007

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.21

30.6.20

value:

£

£

6

Ordinary Shares

£1

6

6

2

Ordinary B Shares

£1

2

2

8

8