Resurgency Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10585453 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2021

FOR

RESURGENCY LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Miss E A Lort-Phillips

REGISTERED OFFICE:

27 Old Gloucester Street

London

WC1N 3AX

REGISTERED NUMBER:

10585453 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Tangible assets

4

599

1,303

CURRENT ASSETS

Debtors

5

27,096

5,775

Cash at bank and in hand

56,532

27,337

83,628

33,112

CREDITORS

Amounts falling due within one year

6

26,281

22,566

NET CURRENT ASSETS

57,347

10,546

TOTAL ASSETS LESS CURRENT LIABILITIES

57,946

11,849

CREDITORS

Amounts falling due after more than one year

7

25,307

-

NET ASSETS

32,639

11,849

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

32,629

11,839

SHAREHOLDERS' FUNDS

32,639

11,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 27 January 2022 and were signed by:

Miss E A Lort-Phillips - Director

1.	STATUTORY INFORMATION

Resurgency Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Computer equipment

-

25% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2020

and 31 January 2021

2,815

DEPRECIATION

At 1 February 2020

1,512

Charge for year

704

At 31 January 2021

2,216

NET BOOK VALUE

At 31 January 2021

599

At 31 January 2020

1,303

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

2,500

5,775

Amounts owed by participating interests

24,596

-

27,096

5,775

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

3,893

-

Trade creditors

4,502

-

Tax

9,624

13,298

Directors' current accounts

3,990

5,068

Accrued expenses

4,272

4,200

26,281

22,566

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 1-2 years

5,840

-

Bank loans - 2-5 years

19,467

-

25,307

-

8.	RELATED PARTY DISCLOSURES

Included in debtors, amounts falling due within one year, is an interest free amount of £24,596 owed by Cymbrogi Futures Ltd. The companies are connected by virtue of common control and management.

9.	ULTIMATE CONTROLLING PARTY

During the period under review, the company was under the control of the director, Ms E A Lort-Phillips.