Ursus Capital Limited
Ursus Capital Limited
Registered number: 13159948
Unaudited Financial Statements
For the Period
26 January 2021
to
30 June 2022
Ursus Capital Limited
Unaudited Financial Statements
For the Period
26 January 2021
to
30 June 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
Ursus Capital Limited
Balance Sheet
As at
30 June 2022
Balance Sheet
Registered number:
13159948
For the period ending 30 June 2022 the company was entitled to exemption from audit 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.
| 30 June 2022 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 |
|
|
| Investments | 4 |
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|
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| CURRENT ASSETS | |||
| Debtors | 5 |
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| Investments | 6 |
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| Cash at bank and in hand |
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||
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| Creditors: Amounts Falling Due Within One Year | 7 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
||
| Creditors: Amounts Falling Due After More Than One Year | 8 |
( |
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| NET ASSETS |
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||
| CAPITAL AND RESERVES | |||
| Called up share capital | 9 |
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|
| Profit and Loss Account |
( |
||
| SHAREHOLDERS' FUNDS | 55,623,664 | ||
Ursus Capital Limited
Balance Sheet (continued)
As at
30 June 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 6 form part of these financial statements.
Ursus Capital Limited
Notes to the Financial Statements
For the Period
26 January 2021
to
30 June 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover represents the amounts receivable for goods and services provided, net of value added tax where applicable.
a) Foreign currency
Transactions in foreign currencies are recorded using the exchange rate ruling at the date of the transaction. Monetary assets and
liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the Balance Sheet date and the gains
and losses on translation are included in the Profit and Loss Account.
Foreign exchange gains or losses on translation of the results of foreign subsidiaries for inclusion in the consolidated financial
statements are included in foreign currency translation reserve.
b) Securities held for trading
Securities held for trading are stated at cost, less any provision for permanent diminution in value. Current asset investments are held
at their market value at the Balance Sheet date where a reliable market value is available. The market values of the quoted securities
are the middle market prices at the end of the financial year without deduction for selling expenses. If a reliable market value is not
available, current asset securities held for trading are stated at cost, less any provision for permanent diminution in value. Forward
foreign exchange contracts are marked to market at the year-end.
All gains and losses from Securities, realised and unrealised, are taken to the Profit and Loss Account.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
|
1.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Ursus Capital Limited
Notes to the Financial Statements (continued)
For the Period
26 January 2021
to
30 June 2022
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5
3.
Tangible Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| As at
|
|
| Additions |
|
| As at
|
|
| Depreciation | |
| As at
|
|
| Provided during the period |
|
| As at
|
|
| Net Book Value | |
| As at
|
|
| As at
|
|
4.
Investments
| Other | |
|---|---|
| £ | |
| Cost | |
| As at
|
26,714,763 |
| As at
|
26,714,763 |
| Provision | |
| As at
|
- |
| As at
|
- |
| Net Book Value | |
| As at
|
26,714,763 |
| As at
|
26,714,763 |
5.
Debtors
| 30 June 2022 | |
|---|---|
| £ | |
| Due within one year | |
| Prepayments and accrued income |
|
| Other debtors |
|
| Dividend receivable |
|
| Deferred tax current asset | 1,061,074 |
| Directors' loan accounts |
|
| Amounts owed by other participating interests | 4,142,685 |
|
|
|
Ursus Capital Limited
Notes to the Financial Statements (continued)
For the Period
26 January 2021
to
30 June 2022
6.
Current Asset Investments
| 30 June 2022 | |
|---|---|
| £ | |
| Listed investments | 22,591,188 |
|
|
|
7.
Creditors: Amounts Falling Due Within One Year
| 30 June 2022 | |
|---|---|
| £ | |
| Trade creditors |
|
| Other taxes and social security |
|
| Accruals & deferred income |
|
|
|
|
8.
Creditors: Amounts Falling Due After More Than One Year
| 30 June 2022 | |
|---|---|
| £ | |
| Other creditors |
|
|
|
|
10.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at
|
Amounts advanced | Amounts repaid | Amounts written off | As at
|
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Colin Kingsnorth |
|
|
|
- |
|
The above loan is unsecured, interest free and repayable on demand.
Ursus Capital Limited
Notes to the Financial Statements (continued)
For the Period
26 January 2021
to
30 June 2022
11.
General Information
Ursus Capital Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
13159948
. The registered office is Units 8/9 Parsons Court, Aycliffe Business Park, Newton Aycliffe, County Durham, DL5 6ZE.