IP_PALACE_LIMITED - Accounts


Company Registration Number 10769413 (England and Wales)
IP PALACE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021
PAGES FOR FILING WITH REGISTRAR
IP PALACE LIMITED
BALANCE SHEET
AS AT
31 MAY 2021
31 May 2021
- 1 -
2021
2020
£
£
£
£
Fixed assets
287,495
287,495
Current assets
11,028
61,200
Creditors: amounts falling due within one year
(284,943)
(339,405)
Net current liabilities
(273,915)
(278,205)
Total assets less current liabilities
13,580
9,290
Net assets
13,580
9,290
Capital and reserves
13,580
9,290
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2021
2020
Number
Number
Employees
1
1

IP Palace Limited is a private company limited by shares incorporated in England and Wales. The registered office is 51 Melgund Road, Top Floor Flat, London, N5 1PT.

For the year ended 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

IP PALACE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2021
31 May 2021
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 30 December 2021
Mr P  Imbrauglio
Director
Company Registration Number 10769413
2021-05-312020-06-01falseCCH SoftwareCCH Accounts Production 2021.300No description of principal activityMr Paolo Imbrauglio107694132020-06-012021-05-31107694132021-05-31107694132020-05-3110769413core:CurrentFinancialInstrumentscore:WithinOneYear2021-05-3110769413core:CurrentFinancialInstrumentscore:WithinOneYear2020-05-31107694132019-06-012020-05-3110769413bus:Director12020-06-012021-05-3110769413bus:PrivateLimitedCompanyLtd2020-06-012021-05-3110769413bus:SmallCompaniesRegimeForAccounts2020-06-012021-05-3110769413bus:Micro-entities2020-06-012021-05-3110769413bus:AuditExemptWithAccountantsReport2020-06-012021-05-3110769413bus:FullAccounts2020-06-012021-05-31xbrli:purexbrli:sharesiso4217:GBP